How to open a business account in Bulgaria: steps and documents

Snapshot

Opening a business account in Bulgaria follows the company registration. You register the company in the Commercial Register and receive a UIC, open a capital deposit account to pay in share capital for a capital company, then open the main current account with the company documents, manager identification and an ultimate beneficial owner declaration.

First step: Register the company and obtain the UIC, the unified identification code
Capital deposit: Open a capital deposit account at a licensed bank and pay in the share capital
Typical timeline: About 5 to 14 working days at a traditional bank, longer for complex cases
Account currency: Euro, since Bulgaria joined the euro area on 1 January 2026

Fees and features as of 22 June 2026Last reviewed 22 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

To open a business account in Bulgaria you first register the company in the Commercial Register and receive a unified identification code. For a capital company you open a capital deposit account at a licensed bank, pay in the share capital and collect the certificate the register requires. After registration you open the main current account with the company documents, manager identification and an ultimate beneficial owner declaration. Since Bulgaria joined the euro area on 1 January 2026, accounts are held in euro. Figures below are shown as of 22 June 2026.

The steps to open a business account in Bulgaria

The process has two banking moments. The first is the capital deposit account, used only to pay in share capital and obtain the certificate for the Commercial Register, which must be at a licensed bank. The second is the main business current account, opened once the company is registered and the UIC is issued. Digital providers such as Revolut Business and Wise Business serve the second step and open online, but they cannot hold the capital accumulation account. Traditional banks such as UniCredit Bulbank, DSK Bank and Postbank handle both.

Register the company first

Register the company in the Commercial Register, which commonly takes a few business days, after which you receive the UIC. For a capital company such as an EOOD or OOD, open a capital deposit account, pay in the share capital, which can be a small minimum, and the bank issues a certificate you submit with the registration. Confirm the exact minimum and the certificate process with the bank, since they vary.

Open the current account

With the company registered, open the main current account. Banks typically ask for the company registration extract and UIC, the articles of association, identification for the manager and authorized signatories, and an ultimate beneficial owner declaration. Compliance teams may request proof of business activity and a source of funds declaration, more often for foreign owned companies. Simple cases often take about 5 to 14 working days, while complex structures can take several weeks. Verify the current requirements with the provider.

Documents to prepare

Gather these before you apply, since a complete file speeds up the review. Verify the exact list with the provider, as of 22 June 2026

Company registration extract and the UIC, the unified identification code, plus the articles of association.
Identification for the manager and any authorized signatories, and an ultimate beneficial owner declaration.
Where requested, proof of business activity such as contracts or invoices, and a source of funds declaration, more common for foreign owned companies.

How to move through it efficiently

Choose where the capital deposit account will sit, since it must be a licensed bank, and confirm the minimum share capital and certificate process.
Register the company, obtain the UIC, then prepare the full document file for the current account, including the ultimate beneficial owner declaration.
Apply for the current account and respond quickly to any compliance request, since incomplete files are the main cause of delay. Confirm the current process with the provider.

Compare business accounts available in Bulgaria

These providers accept business customers in Bulgaria for the main current account. Fees and eligibility shown as of 22 June 2026. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about opening a business account in Bulgaria

What documents do I need to open a business account in Bulgaria?

Banks typically ask for the company registration extract and unified identification code, the UIC or Bulstat number, the articles of association, identification for the manager and authorized signatories, and an ultimate beneficial owner declaration. Some also request proof of business activity and a source of funds declaration. Requirements vary by bank, so confirm the current list with the provider. This is general information, not advice.

Do I need to register the company first?

Yes. You register the company in the Commercial Register, which takes a few business days, and you receive a UIC. To register a capital company you first open a capital deposit account, deposit the share capital, and the bank issues a certificate for the registration. After registration you open the main business current account. Confirm the steps with the bank.

How long does it take to open a business account in Bulgaria?

Simple cases at a traditional bank often take about 5 to 14 working days, while complex or foreign owned structures can take several weeks. Digital providers can open online once the company is registered, often within days, subject to verification. Timelines vary, so confirm with the provider.

Can I open a Bulgarian business account online?

Digital providers such as Revolut Business and Wise Business open online once the company is registered, often with a short verification step. Traditional banks may require an in person visit, though some offer video verification. You cannot use a digital provider for the capital accumulation account at registration, which must be at a licensed bank. Confirm the process with the provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 22 June 2026. Confirm current terms with the provider before applying.