Accounting for Companies in Stara Zagora
Why Do You Need Accounting?
Every company in Bulgaria is legally required to maintain accounting records. For EOOD and OOD in Stara Zagora this means hiring an accountant or accounting firm β or keeping your own books if you have the qualifications.
Stara Zagora is a centre of the Thracian Plain with developed energy, agriculture and food processing industries, with a variety of accounting firms serving both local and foreign companies.
Business Environment in Stara Zagora
Stara Zagora (approximately 140,000 residents) is a centre of the Thracian Plain with developed energy, agriculture and food processing industries. The city has over 11,000 registered companies, making it an active business centre.
Key Industries:
- Energy
- Agriculture & Agribusiness
- Food Processing
- Mechanical Engineering
Office Rents: Average office rents in Stara Zagora are β¬3β7/sq.m., which is competitive compared to other cities in the region.
Bank Branches: DSK Bank, UniCredit Bulbank and Postbank have branches on Tsar Simeon Veliki Blvd. and around Beroe Square.
Notary Offices: Notaries are located mainly along Tsar Simeon Veliki Blvd., near the Municipality and in the area of the District Court.
How to Choose an Accountant
When choosing an accountant in Stara Zagora, 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 Stara Zagora
- Transparent pricing β a clear monthly fee with no hidden charges
Accounting Service Prices
Approximate accounting service prices in Stara Zagora:
| 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 Stara Zagora:
- 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