Tax Optimization Is an Art

Bank Accounts

Our bank account opening service saves you time and efforts. We recommend you only reliable banking institutions present in Bulgaria.

We open:

Personal Bank Accounts

Company Bank Accounts.

Bank accounts can be opened in euro, pound sterling, swiss frank, US dollar or local currency.

We do not have signing rights on the accounts unless you explicitly instruct us to act as signatories in trust or as a part of the nominee services we provide.

Your presence is usually not required.

We will also arrange online banking for your accounts so that you can have the freedom to bank 24 hours a day, wherever you are in the world.

International Debit Cards can be obtained both for your personal and company accounts.

If you wish to use a Bulgarian bank different from the one suggested by us we will gladly follow your instructions.

Contact us for a complete list of all banks that are licensed and active in Bulgaria.

Bulgaria has become a very popular financial destination within the European Union. Bulgaria has not yet adopted the euro but the Bulgarian Lev (BGN) is fixed to the euro since 1997. The exchange rate is roughly 2 levs to the euro.

Opening a Bulgarian bank account with a debit card enables you to pay for goods and services worldwide.

Interest Rate Arbitrage

Some Bulgarian banks offer very attractive deposit rates. The first 100,000 euro are guaranteed by the Bulgarian Government. This means that you can lend money effectively to the Bulgarian Government at several times the market rates.

Please contact us for a tax efficient legal structure to benefit from the Bulgarian interest rate arbitrage strategy.

The banking products involved are offered by licensed banking institutions and covered by the Bulgarian deposit guarantee scheme.

Online Merchant (Card Payment Collection) Service

We offer online card payment collection service. This enables our clients to collect payment for their goods and services over the Internet. Our service is fast, safe, reliable and fully licensed by the respective EU authorities. Your company should have a bank account opened, where the funds from card collections will be paid. You can apply for both bank account and merchant account at the same time and order them whilst also establishing (buying) your Bulgarian limited company.

Please contact us to discuss your card payment collection needs.