Fast Processing

Company formation in just 3-5 business days. We handle all documentation and submissions.

Full Compliance

Guaranteed compliance with Bulgarian commercial law and EU regulations.

Remote Setup

Complete the entire process remotely with a Power of Attorney. No travel required.

Everything You Need

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Frequently Asked Questions

Dossier Preparation +

We compile and properly format your Commercial Register extract and ownership structure details for bank compliance officers.

Provider Matching +

We analyze your business model and match you with the EMI or Traditional Bank most likely to approve your specific risk profile.

KYC Guidance +

Step-by-step assistance through the video verification and ultimate beneficial owner (UBO) declaration processes.

Risk Profile Assessment +

We review your company's intended activities and jurisdictions to determine the optimal banking route.

Application & Verification +

We launch the application on your behalf or guide you through the EMI interface, submitting the verified corporate strings.

Do I need to visit a branch? +

If you choose a modern EMI (Electronic Money Institution) like Payhawk, Revolut, or Wise, you do not need to visit a branch. Traditional Bulgarian banks usually require an in-person visit.

Is approval guaranteed? +

No. Banks make their own independent compliance decisions based on your business model, but we ensure your application is perfectly structured to maximize approval odds.

Which EMIs do you work with? +

We have excellent track records preparing dossiers for Revolut Business, Wise, Payhawk, Payoneer, and other major European Fintech platforms.

Can I open a traditional bank account instead of an EMI? +

Yes. However, domestic banks enforce strict substance requirements (local employees, physical offices). We guide you on whether an EMI or local bank suits you best.

How long does the account opening process take? +

EMIs generally take 1-3 weeks. Traditional banks can take 3-6 weeks due to extensive KYC and board-level compliance reviews.

What documents are required for banking compliance? +

Typically: an abstract from the Commercial Register, UBO declarations, business plan summary, and notarized passports of all directors.

What is the difference between a traditional Bulgarian bank and an EMI? +

Traditional banks (e.g., DSK, UniCredit Bulbank) offer full banking services including loans and SWIFT transfers, but require more stringent KYC. EMIs (e.g., Wise Business, Revolut Business) offer fast online onboarding and multi-currency IBANs with fewer in-person requirements.

Do I receive a Bulgarian IBAN? +

If you open an account with a traditional Bulgarian bank, you will receive a Bulgarian IBAN (starting with BG). EMI accounts typically issue IBANs from their home jurisdiction (e.g., LT for Lithuania-based EMIs) but are fully functional for EU transactions.

Can my company receive international wire transfers without a local bank account? +

Yes. EMI accounts support SEPA and SWIFT transfers and are fully valid for international business. Many of our clients operate entirely via EMI accounts without a traditional Bulgarian bank. We recommend the optimal solution based on your business model.

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Trust & Compliance

Built on a solid legal foundation to protect your business.

AML/CFT Compliant

Adhering to the Law on Measures Against Money Laundering.

NRA Accepted

Fully compliant addresses for tax correspondence.

GDPR Secure

Bank-grade encryption for all your data.

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