What is EOOD (ЕООД) — Single-Shareholder LLC?

An EOOD is identical to an OOD in every respect except that it has exactly one shareholder. The 'Е' prefix (from 'едно' — single) signals the single-shareholder structure. Everything from share capital (minimum BGN 2) to tax regime (10% Corporate Income Tax) to annual filing obligations is the same.

**Decision-making**

In an OOD, major decisions require a General Meeting of shareholders. In an EOOD, the sole shareholder makes all decisions unilaterally — documented in writing as a 'Decision of the Sole Owner' rather than meeting minutes. This simplifies governance for solo founders.

**Who uses an EOOD**

- Digital nomads and remote workers incorporating in Bulgaria for low-tax EU residency - Freelancers transitioning from sole traders to a corporate structure - Non-Bulgarian founders wanting an EU entity with minimal tax burden - Single-founder startups before bringing in co-founders (at which point they can convert to OOD)

**Converting EOOD to OOD**

If a second shareholder joins, the EOOD converts to an OOD via a BRRA amendment filing. The share capital may be restructured to reflect the new ownership. BRRA fee: BGN 30-50 for amendment registration.

**Bulgarian tax residency note**

An EOOD is resident in Bulgaria if its registered office is in Bulgaria. However, for the sole shareholder founder to benefit from Bulgarian personal taxation (flat 10% PIT) and EU resident rights, they must establish genuine Bulgarian tax residency — which requires spending 183+ days per year in Bulgaria, or having their centre of vital interests there. Incorporating an EOOD alone does not confer personal tax residency; that requires the individual to formally de-register from their home country's tax system and register as a resident in Bulgaria.