EOOD or ET freelance

Anastasija_gust Contributor

Member since 11 December 2022

Anastasija_gustContributor11 December 2022 12:30:03

109

Do you know what is cheaper to choose for a online freelancer EOOD or ET?

Vasilev Contributor

Member since 22 July 2020

VasilevContributor11 December 2022 13:39:18

141

Hello, and welcome to Bulgaria.

The dilema between ET and EOOD is verybserious and I hope you didn't got the advice from a friend or some accountant?

These days I've heard that some accountants advice people to register ET, which os quite disturbing.

Remember just one - ET is a person, bur EOOD means 袝写薪芯谢懈褔薪芯写褉褍卸械褋褌胁芯褋芯谐褉邪薪懈褔械薪邪芯褌谐芯胁芯褉薪芯褋褌, e.g. sole owned company with limited liability. There is separate liability between your property and the property of the EOOD. With ET you are liable with your and 1/2 of your spouce's property.

Also - very high social security insurance thresholds.

Also - high taxes, because working inline doesn't gives you the opportunity to apply for patent tax ( for example artisans and retail e.g. )

Some cons about creating a company is the more expensive fees for establishment and liquidation (ET can be terminated very easy)

As a lawyer I insist every time for comany formations, because of all the above-mentioned circumstances.