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BULGARIA
WELCOME TO BULGARIA
Are you looking for guidance in opening a business in the country?
Our team is available whenever you feel ready. For your benefit, we have compiled general information that may be of help.
The priority industries for foreign direct investment (FDI) in Bulgaria are:
Business Process Outsourcing, IT Sector
Electronics and Electrical Equipment
Transport Equipment and Mechanical Engineering
Chemical Sector
Food and Agriculture Sectors
Logistics Sector
Healthcare and Medical Tourism
How to open a business bank account in Bulgaria
Bulgaria is a vibrant country located in Southeastern Europe, which is a member of the European Union and offers a strategic gateway to both EU and non-EU markets. Known for its stable economy, competitive corporate tax rate (one of the lowest in the EU at 10%), and business-friendly regulations, Bulgaria is an attractive destination for entrepreneurs and foreign investors.
Opening a business bank account in Bulgaria brings several significant benefits. Companies enjoy direct access to the EU’s financial systems, enabling seamless cross-border transactions and multi-currency operations (BGN, EUR, USD, GBP). The country’s banking sector is well-regulated and stable, with most banks offering advanced online banking, robust security, and full English support. A Bulgarian business account also enhances your company’s credibility, simplifies tax compliance, and provides access to business loans and other financial services designed to support growth. These advantages make Bulgaria an excellent gateway for businesses looking to expand within Europe and beyond.
Investing in Bulgaria means tapping into a dynamic market while benefiting from one of the most competitive tax regimes in Europe. Start your business journey in Bulgaria today and unlock long-term growth potential!
Requirements for Business Bank Account Bulgaria
To successfully open a business bank account in Bulgaria, it is important to prepare a comprehensive set of documents that clearly establish your company’s legal standing. Typically, you will need to provide your company registration certificate, proof of identity for the owners and directors, and a power of attorney if a representative will be managing banking matters on your behalf. Most Bulgarian banks also require a tax identification number and a business plan detailing your company’s objectives and activities. As document requirements and procedures can vary between banks, we recommend reaching out to our team for personalized guidance and up-to-date information tailored to your specific business needs.
1 / Company Registration Certificate
2 / Proof of Identity (Passport/ID)
3 / Bulgarian Residency Card
4 / Proof of Address All applicants
5 / BulgariaTax Identification Number (TIN)
6 / Articles of Association/Charter
7 / Power of Attorney (if applicable)
8 / Certificate of Good Standing
9 / Business Plan
10 / Signatures/Notarized Documents
11 / SignatureProof of Source of Funds
Top Bulgarian banks for opening a business bank account
In 2025, UniCredit offers over €2.3 billion in favorable financing solutions for micro and small businesses across CEE, including Bulgaria. The initiative features lower collateral requirements, competitive pricing, special account management conditions, and mentoring programs
Postbank, part of Eurobank Group, offers up to €150 million in EIB-backed loans with reduced interest rates and collateral requirements, targeting mid-sized Bulgarian businesses. It provides a full range of universal banking services, including business accounts, loans, deposits, and trade finance. These offerings support the diverse financial needs of companies across Bulgaria.
DSK Bank is a popular choice for SMEs in Bulgaria, offering business accounts in BGN and foreign currencies, a fast and user-friendly online banking platform, competitive transfer fees, and flexible business loans and overdrafts for operational needs.
ProCredit Bank offers transparent pricing with no hidden fees and a free VISA debit card included with every account. Its ProCredit Mobile app enables instant money transfers, loan applications, bill payments, and easy account management. This combination ensures convenient and cost-effective banking for businesses.
UBB offers loans with reduced collateral requirements through EU-backed programs like COSME and InvestEU, supporting SME innovation and sustainability. Businesses can also access JEREMIE Trade Financing and green loans with flexible terms and preferential rates.
ING Bank Bulgaria is the first in the country to offer green loans to corporate clients and was named CEE’s best bank for sustainable finance by Euromoney in 2024. It actively supports social entrepreneurship and invests in local community projects. These efforts reflect ING’s strong commitment to sustainability and social responsibility.
Digital & EMI Providers
Satchel.eu is ideal for global businesses needing multi-currency, remote onboarding, and advanced payroll/expense tools, with transparent pricing and strong security.
iCard stands out for instant Bulgarian IBANs, free business debit cards, crypto services, and high transaction limits, all regulated by the Bulgarian National Bank.
Revolut offers a powerful all-in-one platform for multi-currency management, automation, team cards, and expense control, with flexible plans and deep integrations for modern businesses.
Tips for choosing the best bank account in Bulgaria
Looking to open a business bank account in Bulgaria? Whether you're an expat entrepreneur or managing a foreign-owned company, selecting the right bank is crucial for operational success.
1. Choose a Trusted Banking Partner
For international businesses, UniCredit Bulbank ranks as one of the best banks in Bulgaria for expats, offering full English support, advanced online banking, and tailored financial services. It’s an ideal option for both startups and established companies looking for a reliable and reputable banking partner.
Other solid choices include DSK Bank and Postbank (Eurobank Bulgaria), which provide user-friendly interfaces, a wide branch network, and competitive rates—perfect for small to medium enterprises (SMEs) and growing businesses.
2. Consider Digital and Fintech Alternatives
If you require remote account opening, multi-currency support, or a 100% digital banking experience, modern platforms like Revolut, Wise, and iCard are excellent solutions. These digital banks are ideal for internationally oriented businesses, offering fast setup, lower fees, and flexible account management tools.
3. Prepare Your Documentation
To ensure a smooth application process, gather all required documents for a Bulgarian business bank account in advance. This typically includes your company registration certificate, proof of identity, business plan, and tax identification number. Traditional banks may require in-person verification, especially for foreign-owned companies. For complex corporate structures or non-resident setups, it’s highly recommended to consult a local business advisor or legal expert. This ensures full compliance with Bulgarian banking regulations and speeds up the account opening process.
