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
How will the unprecedented sanctions against Russia (the fall of the New Iron Curtain) affect the Bulgarian economy? The new Iron Curtain is already a fact. It will divide the world and the consequences for global business are yet to be felt. But first we want to say that ourContinue Reading
This article is inspired from a chat with perspective client from Germany who wanted to open Bulgarian company. We once again realized how many fraudulent “agents” there are and how easy is for them to manipulate genuine clients by making false promises, giving “guarantees”, and much, much more… Please readContinue 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
Recently, opening a bank accounts with Bulgarian banks has become a problem for many foreign citizens. What are the reasons and what is the best solution? The problem is that the policy of banks regarding opening accounts for Bulgarian companies with foreign managers and founders, as well as for individualsContinue Reading
