Accounting for Companies in Burgas

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 — 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.

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 €4–10/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.

When choosing an accountant in Burgas, consider the following:

• Experience with your type of business — IT, trade and services each have different specifics
• VAT competence — if you are or plan to be VAT-registered
• Online access — ability to work remotely and exchange documents digitally
• Reviews and recommendations — seek feedback from other entrepreneurs in Burgas
• Transparent pricing — a clear monthly fee with no hidden charges

Approximate accounting service prices in Burgas:

Key accounting obligations for a company in Burgas:

• Maintain accounting registers — journal, general ledger, trial balance
• Monthly VAT returns — by the 14th (if VAT-registered)
• Social security declarations — by the 25th
• Annual tax return — by 30 June
• Annual financial statements (AFS) — filed with the CR by 30 June