The EOOD is a company designation in which the shareholder’s liability to creditors is limited to the amount of capital deposited in the company. Liability does not extend to the individual shareholder’s assets. The Bulgarian EOOD company is preferred by persons who would like to start their business in Bulgaria or who would like to purchase a real estate property. The Single Person Private limited EOOD company is strongly recommended to EU IT professionals who would like to benefits from the flat corporate tax rate of only 10% in Bulgaria. The EOOD company is also suitable for registering a motor vehicle as a company asset.