Bulgaria (EOOD) vs Romania (SRL)
Comparison of Bulgaria (EOOD) vs Romania (SRL). 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 (SRL) |
|---|---|---|
| Entity type | EOOD | SRL |
| Corporate + state/local tax | 10.0% | 16.0% |
| Formation cost | $30 | $30 |
| Annual maintenance | $16 | $0 |
| Formation timeline | — | 3-5 business days |
| Minimum capital | — | 110 USD |
| Local director | — | Not required |
| Business banking | Not available | Opening a traditional corporate bank account in Romania as a non-resident founder is highly challenging due to strict KYC and AML regulations. Most local banks require a physical visit, proof of local substance, or a notarized power of attorney. Consequently, many foreign founders rely on digital platforms like Revolut Business or Wise for their initial operations. · 2 remote-friendly bank(s) |
| Visa / residency | Not available | 2 options (Digital Nomad Visa, etc.) |
| Ease of business rank | — | #55 |
Highlighted cells indicate a lower tax, cost, or better rank where applicable.
Frequently asked questions
Which is cheaper to form: Bulgaria (EOOD) or Romania (SRL)?
Formation costs are similar. The bigger differences are usually tax and ongoing compliance.
Which has lower corporate tax?
Bulgaria (EOOD) has a lower combined rate (10.0% vs 16.0%). See each entity guide for details.
Which is easier for remote business banking?
Bulgaria (EOOD): Not available. Romania (SRL): Opening a traditional corporate bank account in Romania as a non-resident founder is highly challenging due to strict KYC and AML regulations. Most local banks require a physical visit, proof of local substance, or a notarized power of attorney. Consequently, many foreign founders rely on digital platforms like Revolut Business or Wise for their initial operations. · 2 remote-friendly bank(s).
How do I choose between Bulgaria and Romania?
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.