Bulgaria (EOOD) vs Georgia (LLC)
Comparison of Bulgaria (EOOD) vs Georgia (LLC). 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) | Limited Liability Company (LLC) |
|---|---|---|
| Entity type | EOOD | LLC |
| Corporate + state/local tax | 10.0% | 15.0% |
| Formation cost | $30 | $37 |
| Annual maintenance | $16 | $0 |
| Formation timeline | — | 1-2 business days |
| Minimum capital | — | 0 USD |
| Local director | — | Not required |
| Business banking | Not available | Opening a corporate bank account in person is extremely fast, often taking just 1-2 days at major banks like TBC or Bank of Georgia. Remote opening via Power of Attorney is possible but faces stricter KYC/AML compliance checks and may take several weeks. · 2 remote-friendly bank(s) |
| Visa / residency | Not available | 3 options (1-Year Visa-Free Regime, etc.) |
| Ease of business rank | — | #7 |
Highlighted cells indicate a lower tax, cost, or better rank where applicable.
Frequently asked questions
Which is cheaper to form: Bulgaria (EOOD) or Georgia (LLC)?
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 15.0%). See each entity guide for details.
Which is easier for remote business banking?
Bulgaria (EOOD): Not available. Georgia (LLC): Opening a corporate bank account in person is extremely fast, often taking just 1-2 days at major banks like TBC or Bank of Georgia. Remote opening via Power of Attorney is possible but faces stricter KYC/AML compliance checks and may take several weeks. · 2 remote-friendly bank(s).
How do I choose between Bulgaria and Georgia?
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.