Bulgaria (EOOD) vs Estonia (OÜ)
Comparison of Bulgaria (EOOD) vs Estonia (OÜ). Each country offers multiple entity types — this page compares the primary types side by side. Tax, formation cost, banking, and visa data from our verified database. See country pages for all entity options.
Side-by-side comparison
| Metric | Single-Member Limited Liability Company (EOOD) | Private Limited Company (OÜ) |
|---|---|---|
| Entity type | EOOD | OÜ |
| Corporate + state/local tax | 10.0% | 22.0% |
| Formation cost | $30 | $305 |
| Annual maintenance | $16 | $230 |
| Formation timeline | — | 3-5 business days |
| Minimum capital | — | 0.01 EUR |
| Local director | — | Not required |
| Business banking | Not available | Opening a traditional bank account in Estonia (like LHV or Swedbank) usually requires a physical visit and proof of strong business ties to the country. However, e-residents can easily open business accounts entirely remotely with fintechs like Wise, Revolut Business, or Payoneer, which fully integrate with the Estonian business registry. · 3 remote-friendly bank(s) |
| Visa / residency | Not available | 2 options (Startup Visa, etc.) |
| Ease of business rank | — | #18 |
Highlighted cells indicate a lower tax, cost, or better rank where applicable.
Frequently asked questions
Which is cheaper to form: Bulgaria (EOOD) or Estonia (OÜ)?
Bulgaria (EOOD) has lower formation costs. Compare annual fees in the table above.
Which has lower corporate tax?
Bulgaria (EOOD) has a lower combined rate (10.0% vs 22.0%). See each entity guide for details.
Which is easier for remote business banking?
Bulgaria (EOOD): Not available. Estonia (OÜ): Opening a traditional bank account in Estonia (like LHV or Swedbank) usually requires a physical visit and proof of strong business ties to the country. However, e-residents can easily open business accounts entirely remotely with fintechs like Wise, Revolut Business, or Payoneer, which fully integrate with the Estonian business registry. · 3 remote-friendly bank(s).
How do I choose between Bulgaria and Estonia?
Start by picking the right entity type (LTD, LLC, sole trader, etc.) — each country page lists all options. Use our formation advisor and tax simulator for personalized guidance.