Bulgaria (EOOD) vs United Kingdom (LTD)
Comparison of Bulgaria (EOOD) vs United Kingdom (LTD). 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 (LTD) |
|---|---|---|
| Entity type | EOOD | LTD |
| Corporate + state/local tax | 10.0% | 25.0% |
| Formation cost | $30 | $134 |
| Annual maintenance | $16 | $67 |
| Formation timeline | — | 1-2 business days |
| Minimum capital | — | 1 GBP |
| Local director | — | Not required |
| Business banking | Not available | Opening a traditional high-street bank account (like HSBC or Barclays) is extremely difficult for non-resident founders, as they usually require a UK resident director and an in-person meeting. However, the process is much smoother with digital fintech platforms like Wise, Revolut Business, or Payoneer. These remote-friendly alternatives allow non-residents to open multi-currency accounts entirely online within a few days. · 3 remote-friendly bank(s) |
| Visa / residency | Not available | 3 options (Innovator Founder Visa, etc.) |
| Ease of business rank | — | #8 |
Highlighted cells indicate a lower tax, cost, or better rank where applicable.
Frequently asked questions
Which is cheaper to form: Bulgaria (EOOD) or United Kingdom (LTD)?
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 25.0%). See each entity guide for details.
Which is easier for remote business banking?
Bulgaria (EOOD): Not available. United Kingdom (LTD): Opening a traditional high-street bank account (like HSBC or Barclays) is extremely difficult for non-resident founders, as they usually require a UK resident director and an in-person meeting. However, the process is much smoother with digital fintech platforms like Wise, Revolut Business, or Payoneer. These remote-friendly alternatives allow non-residents to open multi-currency accounts entirely online within a few days. · 3 remote-friendly bank(s).
How do I choose between Bulgaria and United Kingdom?
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.