Single-Member Limited Liability Company (EOOD) in Bulgaria — Crypto & Web3 Formation Guide
Prioritize jurisdictions with clear Virtual Asset Service Provider (VASP) frameworks like Switzerland, UAE (ADGM/VARA), or Singapore. Offshore hubs like BVI or Cayman are popular for token issuance, but ensure you have a solid legal opinion on token classification.
Last verified: June 13, 2026
Corporate Tax
10.0%
State Tax
0.0%
Formation Cost
$30
Annual Fee
$16
Forming a Single-Member Limited Liability Company (EOOD) in Bulgaria as a Crypto & Web3 means a total tax burden of 10.0% and an official formation cost of $30. This guide covers the steps, tax breakdown, banking options, and compliance requirements — all from verified data.
First-year total cost
≈ $2,060
Ongoing (per year)
≈ $1,400
Why Single-Member Limited Liability Company (EOOD) for Crypto & Web3?
A business model focused on blockchain technology, decentralized finance (DeFi), NFTs, DAOs, or token issuance. This model requires highly specialized legal structuring to navigate evolving global crypto regulations and secure fiat banking access.
Ideal for
- Token issuers and DAOs
- DeFi protocol developers
- Blockchain infrastructure providers
- Web3 gaming studios
- Crypto exchanges and wallets
Challenges to watch
- Severe difficulty in opening traditional fiat bank accounts
- High legal and compliance costs for VASP licensing
- Rapidly changing and fragmented global regulations
- Complex tax reporting for digital assets
Key decision criteria
- Does the jurisdiction offer a clear legal definition for utility vs. security tokens?
- Are there accessible crypto-friendly banks or EMIs?
- What are the capital gains and corporate tax rates on crypto assets?
- Is a VASP or equivalent digital asset license required?
Estimated breakdown (based on avg. $500,000 revenue)
Simulate with your own revenue →
VAT / Sales Tax
Standard rate 20%. Registration threshold: 51,130 EUR. Foreign providers of digital services to Bulgarian consumers must charge 20% VAT, which can be reported through the EU One-Stop Shop (OSS) scheme.
Single-Member Limited Liability Company (EOOD) formation steps
Choose and reserve a unique company name with the Bulgarian Commercial Register.
Draft the Founding Act (Articles of Association) and standard management declarations.
Notarize and apostille the Power of Attorney and specimen signatures in your home country (if forming remotely).
Courier the original apostilled documents to your legal representative in Bulgaria.
Open a capital accumulation bank account and deposit the minimum share capital of 2 BGN (1 EUR).
Submit the incorporation documents and pay the state filing fees to the Bulgarian Registry Agency.
Obtain the Unified Identification Code (UIC/EIK) upon successful registration (usually within 3-7 days).
Register for VAT (mandatory if turnover exceeds 100,000 BGN or for intra-EU B2B services) and open an operational corporate bank account.
Crypto & Web3 FAQ
Where is the best place to incorporate a Web3 startup?
Popular choices include Switzerland (Zug), UAE (Dubai VARA/ADGM), Singapore, and offshore hubs like BVI, Cayman Islands, or Panama for foundation structures and token issuance.
Do I need a special license to launch a token?
It depends on the token's utility and the jurisdiction. Security tokens always require strict licensing. Utility tokens may not require a license, but operating an exchange or custodial wallet usually requires a VASP license.
Can I open a traditional bank account for a crypto company?
It is notoriously difficult. Most traditional banks de-risk crypto businesses. You will likely need to rely on specialized crypto-friendly banks, EMIs (Electronic Money Institutions), or OTC desks for fiat on/off ramps.
Ready to form your Single-Member Limited Liability Company (EOOD)?
Trusted formation partners are coming soon.
Related guides
Complete Single-Member Limited Liability Company (EOOD) guide
Taxes, requirements, banking, compliance
Single-Member Limited Liability Company (EOOD) cost calculator
One-time and annual cost breakdown
🇨🇾 Crypto & Web3 — Variable Capital Investment Company (VCIC)
Tax 15.0% · formation $180
🇨🇾 Crypto & Web3 — Company Limited by Guarantee
Tax 15.0% · formation $265
🇨🇾 Crypto & Web3 — Sole Proprietorship
Tax 0.0% · formation $100
🇨🇾 Crypto & Web3 — Limited Partnership
Tax 15.0% · formation $140
🚀 SaaS Startup — Single-Member Limited Liability Company (EOOD)
Same entity, different business model guide
📦 Amazon FBA & E-Commerce — Single-Member Limited Liability Company (EOOD)
Same entity, different business model guide