Dissolving an EOOD/OOD in Bulgaria

Liquidation of an EOOD/OOD — Complete Guide (2026)

Voluntary liquidation is the official way to close an EOOD or OOD in Bulgaria. The process runs in two phases and can take from 3 to 6+ months.

Legal Basis

• Art. 155-156 of the Commerce Act — Termination of a company
• Art. 266-274 of the Commerce Act — Liquidation
• Commercial Register Act — Entry of liquidation

The Two Phases of Liquidation

Phase 1: Declaring Liquidation

1. Resolution for termination and appointment of a liquidator
2. Entry in the Trade Register
3. Publication of an invitation to creditors
4. Waiting period for creditors (3 or 6 months)

Phase 2: Deregistration

1. Liquidating assets and settling liabilities
2. Preparing the final balance sheet
3. Distributing the remaining assets
4. Filing an application for deregistration with the Trade Register

Creditor Deadlines

Required Documents for Phase 1

1. Resolution for termination and liquidation — by the sole owner (EOOD) or the General Meeting (OOD)
2. Minutes of the General Meeting (for OOD)
3. Consent of the liquidator
4. Declaration under Art. 13(4) of the Commercial Register Act
5. Invitation to creditors — published in the Trade Register

Fees