Bulgarian company bank account
How to open a bank account in Bulgaria in 2019?
Since 1st of August 2019 banks in Bulgaria refuse to open bank accounts unless the applicant is a resident of Bulgaria. If you are a resident of Bulgaria, our lawyers can assist you to open a bank account in Bulgaria remotely by granting a Power of Attorney to our firm. The Power of Attorney should be attested in the nearest Bulgarian embassy or apostille legalized. You can have your bank account in BGN, USD, EUR, GBP and CHF.
If you are a non-resident, we will assist you to obtain Bulgarian residency prior to applying for the opening of a company bank account. On the other hand, applying for Bulgarian residence card is a precondition to qualify for Bulgaria tax residency.
The company accounts are offered with ATM cards which will be delivered along with the PIN slips to your home or office address abroad. You may also set up a limited company in Bulgaria remotely with a Power of Attorney which makes your new business venture in Bulgaria very easy to start up.
If you would like to visit Bulgaria, we will be glad to assist you to open a company bank account personally at a chosen bank facility.
What documents do I need to open a bank account in Bulgaria?
Opening a bank account in Bulgaria is an easy process. To open an bank account in Bulgaria you will need:
- A valid passport or national ID card
- A valid Bulgarian residency card
- An address for correspondence purposes
- A minimum deposit amount to activate the account (10 BGN)
- A certificate of good standing (required for company bank accounts)
The bank account is activated and a slip with your online login details is handed on the spot. The bank card can be delivered to your address abroad or collected from the bank in person once issued.
Can I open a bank account as a non-resident?
Since 1st of August 2019 you are required to hold Bulgarian residency card in order to open a bank account in Bulgaria.
Our lawyers can assist you to obtain Bulgarian residence and Bulgarian ID card for EU citizens.
Bank Accounts of non-resident companies in Bulgaria
If you have a company registered in another EU member state, our lawyers can assist you to open a company bank account in Bulgaria. Non-resident companies should provide apostilled certificate of good standing and memorandum of association.
Additionally, we may also assist you to open a branch of your company in Bulgaria.
For more details about how to open a bank account in Bulgaria, please do not hesitate to contact us.
Escrow Accounts in Bulgaria
Our firm may assist you to open an escrow bank account in Bulgaria remotely. The escrow accounts are opened for special purpose, define as such by the parties under an agreement. The terms & conditions for the release of the funds is set out by the parties in the agreement.
For more details about the opening of an escrow account in Bulgaria, please do not hesitate to contact us.