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.
Firmify automates the documents for Phase 1 (declaring liquidation). Price from €39 for the document package preparation.
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
- Resolution for termination and appointment of a liquidator
- Entry in the Trade Register
- Publication of an invitation to creditors
- Waiting period for creditors (3 or 6 months)
Phase 2: Deregistration
- Liquidating assets and settling liabilities
- Preparing the final balance sheet
- Distributing the remaining assets
- Filing an application for deregistration with the Trade Register
Creditor Deadlines
| Type | Period |
|---|---|
| Simplified (fast) | 3 months — only if the company has NO liabilities |
| Standard | 6 months |
The simplified procedure (3 months) is allowed only if the company has not had and does not have creditors. If there are any liabilities, choose the 6-month period.
Required Documents for Phase 1
- Resolution for termination and liquidation — by the sole owner (EOOD) or the General Meeting (OOD)
- Minutes of the General Meeting (for OOD)
- Consent of the liquidator
- Declaration under Art. 13(4) of the Commercial Register Act
- Invitation to creditors — published in the Trade Register
Fees
| Action | Fee |
|---|---|
| Entry of Phase 1 (e-filing) | 20.46 EUR |
| Entry of Phase 2 / Deregistration | 20.46 EUR |
| Entry on paper | 40.92 EUR |
Frequently asked questions
Minimum 3 months (simplified) or 6+ months (standard). Phase 2 can only be filed after the creditor period expires.
Only if the company has had no creditors and has no outstanding liabilities.
Usually the manager. It can also be a third party — individual or legal entity.
Yes, it is recommended. The liquidator must prepare a final balance sheet and calculate tax liabilities.
All guides
- How to Register a Company in Bulgaria (2026 Guide)
- EOOD vs OOD in Bulgaria — Which to Choose?
- Company Registration Costs in Bulgaria (2026)
- VAT Registration in Bulgaria — When & How
- Corporate Tax in Bulgaria — 10% Flat Rate Guide
- How to Register an EOOD in Bulgaria — Full Guide
- How to Register an OOD in Bulgaria — Full Guide
- Check & Reserve a Company Name in Bulgaria
- Documents for Company Registration in Bulgaria
- Signing Documents for Company Registration — QES, Specimen, Firmify
- Signing Help — Evrotrust, PDF, B-Trust
- Sign PDF with QES Outside Firmify — Adobe Reader, Steps
- Signing with Evrotrust in Firmify — Steps
- B-Trust, Smart Card, and BISS for Signing
- How to Open a Company Bank Account in Bulgaria
- Annual Financial Report (AFR) in Bulgaria — Filing & Deadlines
- Company Registration & Maintenance Costs in Bulgaria
- Online Company Registration in Bulgaria
- Dissolving an EOOD/OOD in Bulgaria — Procedure & Timeline
- Share Transfer in EOOD/OOD — Procedure & Documents
- Company Amendments in the Commercial Register (A15)
- GDPR Policy & Legal Documents for Your Business
- Employment Contract & HR Documents in Bulgaria
- How to Find an Accountant or Lawyer for Your Company in Bulgaria
- Firmify Partner Program — How to Earn
- Business Documents — Quotes, Proforma Invoices, Contracts
- Do I Need a Lawyer to Register a Company in Bulgaria?
- How Long Does Company Registration Take in Bulgaria?
- What to Do After Receiving Your EIK?
- Do I Need a Notary for Company Registration?
- EOOD vs Freelance in Bulgaria — Which Is More Profitable?
- Manager Social Insurance for EOOD — Types & Obligations