Accounting for Companies in Varna

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

Varna is the maritime capital of Bulgaria, with a developed tourism, logistics and IT sector, with a variety of accounting firms serving both local and foreign companies.

Varna (approximately 340,000 residents) is the maritime capital of Bulgaria, with a developed tourism, logistics and IT sector. The city has over 40,000 registered companies, making it an active business centre.

Key Industries:

• Maritime Transport & Logistics
• Tourism & Hospitality
• IT Services
• Trade

Office Rents: Average office rents in Varna are €5–14/sq.m., which is competitive compared to other cities in the region.

Bank Branches: UBB, DSK Bank and UniCredit Bulbank have branches on Knyaz Boris I Blvd., Slivnitsa Blvd. and in the Primorski district.

Notary Offices: Notary offices are concentrated around Nezavisimost Square, Maria Louisa Blvd. and the Odesos district.

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

Approximate accounting service prices in Varna:

Key accounting obligations for a company in Varna:

• 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