Sole Trader Registration in Burgas
What Is a Sole Trader (ET)?
A sole trader (ET) is an individual who conducts commercial activity. Unlike an EOOD, a sole trader is not a separate legal entity — the trader is liable with all personal assets.
In Burgas the sole trader form is suitable for craftspeople and small businesses with low risk. Burgas is a major economic centre on the Southern Black Sea coast with developed tourism and oil refining.
Business Environment in Burgas
Burgas (approximately 210,000 residents) is a major economic centre on the Southern Black Sea coast with developed tourism and oil refining. The city has over 25,000 registered companies, making it an active business centre.
Key Industries:
- Tourism & Hospitality
- Oil Refining & Energy
- Fishing & Aquaculture
- Trade
Office Rents: Average office rents in Burgas are €4–10/sq.m., which is competitive compared to other cities in the region.
Bank Branches: DSK Bank, Postbank and UBB have branches on Aleksandrovska St., Demokratsia Blvd. and in the Meden Rudnik district.
Notary Offices: Notaries are concentrated around Aleksandrovska St., Stefan Stambolov Blvd. and the Burgas Palace of Justice.
ET vs. EOOD
| ET | EOOD | |
|---|---|---|
| Liability | Unlimited (personal assets) | Limited (to share capital) |
| Min. capital | None | €1 |
| Escrow account | Not required | Mandatory |
| Income tax | 15% (personal income) | 10% (corporate) |
| Social security | As self-insured | As self-insured (manager) |
| Accounting | Simplified (under conditions) | Full |
Registration Steps
- Choose a name — must contain your first and last name, plus an addition of your choice
- Set your address — management address in Burgas or Burgas Region
- Prepare documents — A1 application, declarations, specimen signature
- File with the Commercial Register — electronically with a QES or on paper
- Receive your UIC — usually within 3–5 business days
Frequently asked questions
Sole Trader Registration in other cities
Other topics for Burgas
Detailed guides
Complete guide
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