Any foreigner can open an OOD (EOOD) in Bulgaria and conduct financial and economic activities. Our article writes in detail about Taxation of legal entities in Bulgaria, but we would like to supplement the information on value added tax and draw your attention to the obligation to register for VAT (VAT) for those firms (companies) that receive or provide services in the EU or third countries. Read about the registration obligation under Part 97a of the DDS on the website of our partner Your accountant in Bulgaria.