About

Eurofast operates as a regional business advisory firm with owned offices across 25+ cities spanning Southeast Europe, the Middle East, and the Baltics. Founded over 47 years ago, the firm positions itself as a full-service entry point for organizations expanding into markets that global EOR platforms often cover through partner networks rather than direct presence. The geographic footprint includes Greece, Cyprus, Bulgaria, Romania, Serbia, Montenegro, Albania, North Macedonia, Croatia, Slovenia, Kosovo, Bosnia, Georgia, Ukraine, Egypt, UAE, Lithuania, and Estonia, with associate offices in Beirut and Erbil. EOR and payroll sit within a broader service portfolio that includes corporate structuring, accounting, tax advisory, M&A support, and citizenship programs. This makes Eurofast more relevant for employers seeking a single regional provider that can handle both employment and entity-related services, rather than those optimizing purely for EOR pricing. The firm employs local lawyers, accountants, and tax consultants in each market, which gives it direct regulatory knowledge in jurisdictions where labor law nuance matters.
Employer of Record (EOR) 30%
Payroll Processing 25%
Accounting and Bookkeeping 20%
Entity Setup and Business Incorporation 15%
Tax advisory 10%
Finance 50%
Professional Services 35%
Other 15%

Address

236 Andrea Syngrou Ave., (4th floor) Kallithea, Athens, 17672

Case studies

Eurofast International Ltd

A Tech Investor's Path to Cyprus Residency

Mr. B.Y., a third-country national and successful entrepreneur in the IT sector, decided in 2024 to relocate part of his business operations to Cyprus. He faced the complex challenge of navigating Cyprus's residency requirements while establishing business operations in a new jurisdiction. The process involved understanding various residency pathways, tax implications, and business setup requirements. Mr. B.Y. needed expert guidance to ensure compliance with both immigration and business regulations while optimizing his tax position.

Information Technology
United Arab Emirates Greece Bulgaria Romania +15
Eurofast International Ltd

Transfer Pricing Case Study: Optimizing Compliance and Profit Allocation between Greece and Bulgaria

A Greece-based parent company operating in the automotive components sector faced complex transfer pricing challenges in structuring and optimizing its intercompany transactions with its Bulgarian subsidiary. The company needed to ensure compliance with transfer pricing regulations in both jurisdictions while optimizing profit allocation between the entities. The challenge involved establishing arm's length pricing for intercompany transactions, preparing comprehensive transfer pricing documentation, and ensuring compliance with both Greek and Bulgarian transfer pricing rules.

Automotive Components
United Arab Emirates Greece Bulgaria Romania +15
Eurofast International Ltd

Tax Treatment of Life Insurance and Additional Health Insurance Expenses for Selected Employees

A medium-sized company in Bulgaria provided additional health insurance and life insurance to a subset of its employees, but these expenses did not qualify as social expenses since they were not extended to all employees. This created a critical tax question about whether these expenses should be treated as employee income taxable under the Personal Income Tax Act (PITA) or as non-deductible expenses for corporate tax purposes under the Corporate Income Tax Act (CITA). The company faced uncertainty about the...

General Business Services
United Arab Emirates Greece Bulgaria Romania +15
Eurofast International Ltd

The Hassan Family's Journey: Multi-Generational Tax Optimization in Greece

The Hassan family, consisting of multiple generations with different needs, sought to relocate to Greece while optimizing their tax position. Omar Hassan wanted to invest in Greek real estate and benefit from favorable tax regimes, his parents Ahmed and Amina needed retirement tax planning, his wife Zainab wanted to start a jewelry business, and the family needed residency solutions for their children. Each family member had different requirements under Greek tax law, requiring comprehensive planning across multiple tax regimes and...

Real Estate Investment/Family Office
United Arab Emirates Greece Bulgaria Romania +15
Eurofast International Ltd

Successful VAT Recovery for Real Estate Investment Property in Bulgaria

A real estate investment company managing a portfolio of residential properties faced the significant challenge of recovering VAT on a major property acquisition in Bulgaria. The company needed to navigate complex VAT recovery procedures while ensuring full compliance with Bulgarian tax authority requirements. Given the substantial value of the transaction and the strict scrutiny applied by Bulgarian tax authorities, the client anticipated detailed reviews and understood that professional guidance would be essential. The challenge involved preparing complete and compliant documentation,...

Real Estate Investment
United Arab Emirates Greece Bulgaria Romania +15
Eurofast International Ltd

How Eurofast Supported SouthEdge Bank's Digital & Compliance Transformation

SouthEdge Bank, a mid-sized financial institution operating across Southeast Europe, faced mounting regulatory pressure, rising cybersecurity risks, and demand for faster digital services. Over 60% of the bank's IT budget was tied up in outdated systems, leaving minimal space for innovation. Upcoming EU rules, including the Instant Payments Regulation (IPR), required immediate system upgrades to ensure compliance. Additionally, fragmented payroll and HR processes across Cyprus, Greece, and Bulgaria exposed the bank to inefficiencies and regulatory risks.

Financial Services/Banking
United Arab Emirates Greece Bulgaria Romania +15

More insights

Clients
800+
Payroll employees
30000+
EOR Employees
1000+

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