Accounting for Companies in Ruse

Every company in Bulgaria is legally required to maintain accounting records. For EOOD and OOD in Ruse this means hiring an accountant or accounting firm — or keeping your own books if you have the qualifications.

Ruse is a key Danube city with developed industry, logistics and cross-border trade with Romania, with a variety of accounting firms serving both local and foreign companies.

Ruse (approximately 150,000 residents) is a key Danube city with developed industry, logistics and cross-border trade with Romania. The city has over 12,000 registered companies, making it an active business centre.

Key Industries:

• Logistics & Transport
• Mechanical Engineering
• Food & Beverage Industry
• Cross-border Trade

Office Rents: Average office rents in Ruse are €3–8/sq.m., which is competitive compared to other cities in the region.

Bank Branches: DSK Bank, UBB and First Investment Bank have branches on Aleksandrovska St., Svoboda Square and Lipnik Blvd..

Notary Offices: Notary offices are concentrated around Svoboda Square, Aleksandrovska St. and the area of Ruse District Court.

When choosing an accountant in Ruse, 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 Ruse
• Transparent pricing — a clear monthly fee with no hidden charges

Approximate accounting service prices in Ruse:

Key accounting obligations for a company in Ruse:

• 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