Opening a bank account in Bulgaria
In the last 20 years many clients asked us for opening a bank account in Bulgaria.
Our law office supports many physical persons or legal entities’ representatives to open a current or savings bank account in Bulgaria.
A bank account can be opened for both individuals and legal entities. Opening an account is free, the monthly service fee is about 1-2 euros. The bank account can be opened both in Bulgarian levs and in foreign currency – euro, US dollars and others.
To open a bank account, you must sign a contract between the client and the Bulgarian bank.
To open a bank account in Bulgaria, whether you are a resident or a non-resident, you simply have to produce your identity documents, your passport preferably, as well as proof of address.
The procedures are not already free of charge.
However, some banks may require a minimum deposit for the opening of the bank account.
The amount generally varies from one bank to another. Every bank deposit can be made in leva or in euros.
The contract describes all the conditions and ways to use the account, as well as a list of banking services and tariffs.
Every new customer will receive an IBAN (account number) and BIC (bank code), this data you can use to make payments and receive payments to sign a contract with the bank for payment of utilities (electricity, water, telephone, internet).
Type of bank accounts are
1. Current account
3. Deposit account
4. Trust account
5. Joint account
Some banks have started collecting a fee for examining documents.
It varies from BGN 100 to BGN 500.
However, this does not guarantee that you will receive a accumulation bank account, which then the respective citizen may even want to close, he may not want to handle this account in Bulgaria.
As lawyers have decisions, but these decisions should come from other levels and I think that everyone should be protected.
If you need a legal assistance for opening a bank account in Bulgaria, please call us on + 359 897 90 43 91 or send us a legal inqury to firstname.lastname@example.org