Sole Trader Registration in Ruse
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 Ruse the sole trader form is suitable for craftspeople and small businesses with low risk. Ruse is a key Danube city with developed industry, logistics and cross-border trade with Romania.
Business Environment in Ruse
Ruse (approximately 150,000 residents) is a key Danube city with developed industry, logistics and cross-border trade with Romania. The city has over 12,000 registered companies, making it an active business centre.
Key Industries:
- Logistics & Transport
- Mechanical Engineering
- Food & Beverage Industry
- Cross-border Trade
Office Rents: Average office rents in Ruse are €3–8/sq.m., which is competitive compared to other cities in the region.
Bank Branches: DSK Bank, UBB and First Investment Bank have branches on Aleksandrovska St., Svoboda Square and Lipnik Blvd..
Notary Offices: Notary offices are concentrated around Svoboda Square, Aleksandrovska St. and the area of Ruse District Court.
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 Ruse or Ruse 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 Ruse
Detailed guides
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