The latest amendments in the Bulgarian Commercial Law and the introduction of the long awaited Variable Capital companies Variable Capital Companies (in Bulgarian “DPK” or “ДПК”) are a specific types of companies, which are regulated in the new Article 260a – 260e of the Bulgarian Commercial Law. When the companyContinue Reading
Bulgarian banks (with few exceptions) pay no interest on deposits Once a centre of high-interest deposit accounts, Bulgaria is now what Switzerland was 20 years ago – zero interest rates on bank deposits in all major banks. Many foreigners are baffled as to why Bulgarian banks seem not to wantContinue Reading
Is it possible for a foreigner to open bank account in Bulgaria in 2023? During the past few years ,we have been reporting many problems with opening of bank accounts for foreigners in Bulgaria. In many cases, foreign bank accounts in Bulgaria have been even frozen, to the horror ofContinue Reading
Doing business in Bulgaria Israelis are good in doing business. And Bulgaria is the best EU country for Israelis to do business in. But in Bulgaria, one needs solid legal support and local knowledge to make things happen. And to make them happen fast. טובים השנים מן האחד We provideContinue Reading
I believe that banking institutions are more dangerous to our liberties than standing armies. Thomas Jefferson More and more clients are coming to us for assistance, whose bank accounts in Bulgaria have been frozen. It is unfortunate, but we see a clear pattern of more and more accounts being blockedContinue Reading
Bank loan agreement – is it worth it and under what conditions? Is now the right time to sign a bank loan agreement? For yourself, for the family, for the company? Commercial, consumer, mortgage or lombard? Or maybe an overdraft is preferable?… We will not try to convince you ofContinue Reading
How hard is to open bank account in Bulgaria in 2020 Following our 2019 update on the different problems that foreigners face when trying to open bank accounts in Bulgaria, things haven’t got much easier. The banks in Bulgaria don’t seem to be getting much joy from their foreign clients.Continue Reading
I don‘t want anyone who doesn‘t want me. Oprah Winfrey So what changed at the end of 2018 and is it still possible for a foreigner to open bank account in Bulgaria? Bank account opening in Bulgaria for non-residents and non-citizens Bulgarians vs foreigners First of all, what you mayContinue Reading
