EOOD, ET or Freelance
Compare net income, taxes and social security across the three most common forms of self-employment in Bulgaria
Verified as of 6 Sep 2026see changes
Total expected revenue for the year in euro
Actual costs: equipment, software, rent, accounting
2026 comparison assumes activity and equal monthly income throughout the year. Insurance is 27.8%, with a base of €550.66 to €2,111.64 in January-July and €620.20 to €2,300 in August-December. Tax: freelancers 10% after 25% statutory expenses, sole traders 15%, companies 10% plus 5% dividend tax. The EOOD owner self-insures at the applicable monthly minimum.
Freelance
€23,787
net per year (€1,982 per month)
- Social security
- €7,237
- Taxes
- €1,976
- Effective burden
- 25.6%
Sole trader (ET)
€21,840
net per year (€1,820 per month)
- Social security
- €7,306
- Taxes
- €3,854
- Effective burden
- 31%
EOOD (Ltd.)
€26,281
net per year (€2,190 per month)
- Social security
- €1,934
- Taxes
- €4,785
- Effective burden
- 18.7%
Beyond the numbers
| Criteria | Freelance | Sole trader (ET) | EOOD (Ltd.) |
|---|---|---|---|
| Liability | Personal, unlimited | Personal, unlimited | Limited to company capital |
| Accounting | Simple, often no accountant needed | Moderate | Double-entry, higher monthly fee |
| Winding down | Easy, with a declaration | Deletion from the Commercial Register | Liquidation, takes months |
| Contributions in a slow year | On actual income, not below the minimum | On actual income, not below the minimum | Always on the minimum base, even with no profit |
More about the legal forms: Business forms comparison
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These calculations are for informational purposes only and do not constitute financial, tax, or legal advice. Consult a qualified professional for your specific situation.