# What is EOOD (ЕООД): Single-Shareholder LLC?

Country: Bulgaria

An EOOD (Еднолично ограничена отговорност дружество) is a single-shareholder Bulgarian limited liability company. Minimum share capital €1. Used by solo founders. The 'Е' (E) prefix denotes 'едно' (single). Same tax and compliance regime as OOD.

## Current rate (Calendar year)

10% Corporate Income Tax

## Example

A solo SaaS founder incorporates Acme EOOD with €1 share capital, holds 100% of shares, and operates as a Bulgarian-resident company.

## How EOOD (ЕООД): Single-Shareholder LLC works in Bulgaria

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 €1) 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: €15-26 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.

Source: https://brra.bg

## Related terms

- [OOD (ООД): Limited Liability Company](https://accounts-os.com/bg/glossary/ood)
- [AD (АД): Joint-Stock Company](https://accounts-os.com/bg/glossary/ad)
- [Trade Register (Търговски регистър)](https://accounts-os.com/bg/glossary/trade-register-bulgaria)