Since the beginning of 2019 we have been constantly alerting about the inability of many foreigners to open companies in Bulgaria. The main problem comes from the fact that banks in Bulgaria simply reject to open bank accounts for new companies. This is of course when the bank sees that there is a foreign director or shareholder involved in the company.
Opening bank account in Bulgaria is required for the registration of a company in the country. No bank account – no company formation possible, simple.Euroformat.eu
Luckily there are different options as to how to convince the bank that the foreign client is worth the “hassle”. But it is definitely not an easy task to do. Not easy, because the banks take huge (financial and reputation) risk for any eventual suspicious activity of the client. Hence the banks, in many cases, simply prefer not to enter into business relation with foreign customers.
Since the problems with the account opening for foreign clients have intensified, we have invested huge resources to work even closer with the banks in order to facilitate their relations with those clients. We believe we have achieved a lot in providing comprehensive due diligence assistance, and as result, ability to successfully assist in the opening of bank accounts for our clients.
What is more, we believe we are currently the only company in Bulgaria, capable of successfully doing the job. But of course, you don’t have to take our word for it.
We will compensate with 100 EUR every qualifying applicant who successfully opens Bulgarian LTD company with the assistance of another law firm, lawyer, etc.. To qualify, the applicant must be non-Bulgarian citizen and without legal residency in Bulgaria. The applicant must also contact us in advance by email at email@example.com so we can verify his eligibility. Terms and conditions apply. Each qualifying applicant will receive official confirmation from us prior to starting the LTD opening procedure.
The information on this page is for information purposes only and can not be considered as legally binding or as offering any products or services. Any related to the content of this page offer will be only valid if confirmed by us in writing.