{"id":24504,"date":"2021-10-03T21:19:30","date_gmt":"2021-10-03T18:19:30","guid":{"rendered":"https:\/\/vigolex.net\/?post_type=service&p=24504"},"modified":"2023-07-21T10:29:02","modified_gmt":"2023-07-21T07:29:02","slug":"open-an-account-in-bulgaria","status":"publish","type":"service","link":"https:\/\/vigolex.net\/en\/project-details\/open-an-account-in-bulgaria\/","title":{"rendered":"Open an account in Bulgaria"},"content":{"rendered":"\t\t
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How to open an account in Bulgaria?<\/h2>

A citizen of any country, including a non-resident of Bulgaria, can open a bank account in Bulgaria. Therefore, it is quite easy for a non-resident to open an account in Bulgaria.<\/p>

If we are talking about a legal entity, then the company must either be registered in the territory of Bulgaria in order to open a bank account in Bulgaria, or it can also be outside the jurisdiction of Bulgaria.<\/p>

An account in a Bulgarian bank can be opened both remotely and in person. Compared to most other European jurisdictions, having proper documentation, the account can be opened in a single day. Moreover, recently, the management of a bank account in a Bulgarian bank has become as convenient as possible: clients can manage their accounts online, through the Internet banking and the mobile application.<\/p>

Documents for opening an account in Bulgaria<\/h2>

The package of documents required to open an account in Bulgaria depends on the person who opens the account.<\/p>

How to open a bank account in Bulgaria for a foreigner? – for this, a foreign individual must submit the following documents to the bank:<\/p>

  • application for opening an account;<\/li>
  • identity documents – personal ID card, international passport;<\/li>
  • a document confirming the address of residence (for example, paid utility bills);<\/li>
  • power of attorney – if an intermediary helps a non-resident to open an account in Bulgaria without the personal presence of a non-resident in Bulgaria.<\/li><\/ul>

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    In case you wonder how to open a bank account in Bulgaria for a citizen of Ukraine – VigoLex<\/strong> draws your attention to the fact that in Bulgaria the general procedure for registering bank accounts by foreigners is applicable to the citizens of Ukraine.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    In the case of opening a corporate account of a Bulgarian company, the latter must submit the following documents:<\/p>

    • documents certifying the identity of the account beneficiary;<\/li>
    • copies of the founding documents of the company;<\/li>
    • documents confirming that the company has an officially registered legal address;<\/li>
    • if there are requirements for obtaining permits\/licenses for the conduct of the company activities – copies of such licenses or permits;<\/li>
    • power of attorney – if a representative acts on behalf of the legal entity when opening an account in a Bulgarian bank.<\/li><\/ul>

      In addition, the Bulgarian legislation provides an opportunity to open an account in Bulgaria for a non-resident legal entity. For this, the foreign company must provide the following documents:<\/p>

      • original or notarized copy of the company registration certificate;<\/li>
      • documents certifying the identity of the bank account beneficiary;<\/li>
      • constituent documents of the company; translated into Bulgarian and legalized in the established by law order;<\/li>
      • if there are the requirements for obtaining permits\/licenses for the company activities – copies of such licenses or permits;<\/li>
      • power of attorney – if a representative acts on behalf of the legal entity with outhority other than the director when opening an account in a Bulgarian bank.<\/li><\/ul>

        When is it necessary to open an account?<\/h2>

        The Bulgarian legislation establishes a number of cases in which opening a bank account in Bulgaria is obligatory. So, it is imperative to open a bank account in Bulgaria in the following situations:<\/p>

        • in order to obtain a residence permit in Bulgaria: in order to obtain a D type visa and a long stay in Bulgaria, you must open a personal account in a Bulgarian bank, deposit the necessary amount of funds, request the bank to issue a document that confirms that the person has a sufficient amount of funds on the account;<\/li>
        • for the execution of a transaction, the amount of which exceeds 10,000 levs (about 5,000 Euros – this requirement also applies to transactions that themselves do not reach the limit of 10,000 levs, but are a part of a total transaction, the amount of which exceeds 10,000 levs;<\/li>
        • to pay the cost of utilities such as electricity and water;<\/li>
        • to receive bank transactions from other countries;<\/li>
        • to conduct the operational activities of the company.<\/li><\/ul>

          List of Bulgarian banks<\/h2>

          As in any other country of the world, how to open an account in Bulgaria and the terms, convenience and simplicity of opening a bank account are influenced by the procedures of a particular bank. Non-residents who are going to open an account in Bulgaria can use the services of the following banks:<\/p>

          • TBI Bank;<\/li>
          • UniCredit Bulbank;<\/li>
          • United Bulgarian Bank;<\/li>
          • Bulgarian Postbank; –<\/li>
          • First Investment Bank;<\/li>
          • Citibank;<\/li>
          • INC Bank.<\/li><\/ul>

            Open an account quickly and easily with VigoLex<\/h2>

            The specialists of VigoLex<\/strong> team have extensive experience in opening bank accounts for individuals and companies in different jurisdictions, including Bulgaria. Our specialists will explain to you and help you understand how to open a bank account in Bulgaria for a foreigner, how to open a bank account in Bulgaria for a Ukrainian, what is the procedure for opening an account, as well as tell you the cost and the approximate terms of such a service.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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