Accounting for Companies in Burgas
Why Do You Need Accounting?
Every company in Bulgaria is legally required to maintain accounting records. For EOOD and OOD in Burgas this means hiring an accountant or accounting firm β or keeping your own books if you have the qualifications.
Burgas is a major economic centre on the Southern Black Sea coast with developed tourism and oil refining, with a variety of accounting firms serving both local and foreign companies.
Business Environment in Burgas
Burgas (approximately 210,000 residents) is a major economic centre on the Southern Black Sea coast with developed tourism and oil refining. The city has over 25,000 registered companies, making it an active business centre.
Key Industries:
- Tourism & Hospitality
- Oil Refining & Energy
- Fishing & Aquaculture
- Trade
Office Rents: Average office rents in Burgas are β¬4β10/sq.m., which is competitive compared to other cities in the region.
Bank Branches: DSK Bank, Postbank and UBB have branches on Aleksandrovska St., Demokratsia Blvd. and in the Meden Rudnik district.
Notary Offices: Notaries are concentrated around Aleksandrovska St., Stefan Stambolov Blvd. and the Burgas Palace of Justice.
How to Choose an Accountant
When choosing an accountant in Burgas, consider the following:
- Experience with your type of business β IT, trade and services each have different specifics
- VAT competence β if you are or plan to be VAT-registered
- Online access β ability to work remotely and exchange documents digitally
- Reviews and recommendations β seek feedback from other entrepreneurs in Burgas
- Transparent pricing β a clear monthly fee with no hidden charges
Accounting Service Prices
Approximate accounting service prices in Burgas:
| Company Type | Monthly Price |
|---|---|
| Dormant company | β¬15β40/month |
| Low volume (up to 30 documents) | β¬50β100/month |
| Medium volume (30β100 documents) | β¬100β200/month |
| VAT reporting add-on | +β¬25β50/month |
| Payroll add-on | +β¬5β10/employee |
Accounting Obligations
Key accounting obligations for a company in Burgas:
- Maintain accounting registers β journal, general ledger, trial balance
- Monthly VAT returns β by the 14th (if VAT-registered)
- Social security declarations β by the 25th
- Annual tax return β by 30 June
- Annual financial statements (AFS) β filed with the CR by 30 June