Ivailo Petrov is an expert accountant and tax advisor based in Sofia, Bulgaria, focused on helping foreign entrepreneurs register and manage companies remotely.
He focuses on clear processes, realistic timelines, and legally sound tax optimization.
To choose between EOOD and LTD in , decide if you want a single-owner company (EOOD) or a multi-owner limited company (LTD, legally OOD), compare
“To keep your Bulgarian company compliant in 2026, file your annual financial statements on time, submit corporate tax returns and VAT reports correctly, maintain a
To send invoices legally in , choose an English-first tool (Stripe, Zoho Books, QuickBooks, Xero or a Bulgarian-ready app), set the right VAT rules (domestic,
“Best accounting software for Bulgarian companies (for non-Bulgarian speakers)?” To choose the best tool in , pick an English-first cloud platform that issues Bulgarian-compliant invoices,
To manage your Bulgarian company from abroad in 2026, you combine compliant e-signatures, Bulgarian e-government portals, a clear management record (board minutes and PoEM), and
To open a business bank account in Bulgaria as a foreigner in , you first register your company, gather a clear KYC/UBO pack, book onboarding
