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
Bitcoin has gone mainstream. And Bitcoin knows no borders. But are there any particular things to consider when it comes to dealing with BTC in Bulgaria? Spread margins in Bulgaria – way too high Buying and selling BTC through Bulgarian intermediary is expensive, very expensive. At times, the spread betweenContinue Reading
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 thatContinue 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
Am I ready to start business relations? Upon registration of a company, the Company receives the UIC (Unified Identification Code). Through it, any interested person can see public data about the newly established Company, which are published in the Commercial Register of the Republic of Bulgaria (full name, address ofContinue Reading
What to look for when applying to open bank account for new Company in Bulgaria Company formation in Bulgaria was a straightforward procedure until the end of 2018. One could register new LTD (OOD) effortlessly and could sequentially start trading immediately. Not the case anymore. And no, don’t get meContinue 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
