Accounting for Companies in Plovdiv
Why Do You Need Accounting?
Every company in Bulgaria is legally required to maintain accounting records. For EOOD and OOD in Plovdiv this means hiring an accountant or accounting firm β or keeping your own books if you have the qualifications.
Plovdiv is the second-largest city in Bulgaria, with a rapidly growing IT and industrial sector, with a variety of accounting firms serving both local and foreign companies.
Business Environment in Plovdiv
Plovdiv (approximately 350,000 residents) is the second-largest city in Bulgaria, with a rapidly growing IT and industrial sector. The city has over 45,000 registered companies, making it an active business centre.
Key Industries:
- IT & Software Development
- Food & Beverage Industry
- Light Industry
- Tourism
Office Rents: Average office rents in Plovdiv are β¬5β12/sq.m., which is competitive compared to other cities in the region.
Bank Branches: DSK Bank, UniCredit Bulbank and Postbank have branches on Knyaz Alexander I St., Maritsa Blvd. and in the Trakia district.
Notary Offices: Notary offices are concentrated around Central Square, Rayko Daskalov St. and Shesti Septemvri Blvd..
How to Choose an Accountant
When choosing an accountant in Plovdiv, 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 Plovdiv
- Transparent pricing β a clear monthly fee with no hidden charges
Accounting Service Prices
Approximate accounting service prices in Plovdiv:
| 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 Plovdiv:
- 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