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Bulgaria entered the euro area on 1 January 2026 and lev cash lost legal tender status on 1 February. An OOD or EOOD now keeps euro under an IBAN starting BG, inside SEPA, so euro transfers with the rest of Europe need no conversion. The European Central Bank grants banking licences and supervises the significant Bulgarian banks directly, under a mechanism Bulgaria joined in October 2020, while the Bulgarian National Bank oversees the rest.
The Registry Agency’s checklist for registering an EOOD or OOD includes a note of paid-in capital from a bank chosen by the founder, so a Bulgarian bank is involved before the company reaches the Commercial Register. DSK Bank keeps this capital-raising account only until registration, then closes it and moves the money to a current account. UniCredit Bulbank lets the founders, the elected manager or a proxy holding an explicit notarised power of attorney open it, a bank rule that allows a founder abroad to act through someone in Bulgaria.
Company law lets the manager of an OOD live abroad, but the banks’ digital channels are stricter. DSK Bank opens a business account online in up to twenty minutes, with video identification and a Bulgarian identity card, only where the legal representative is a Bulgarian citizen who is not politically exposed and every beneficial owner is a Bulgarian citizen; dual citizens are asked to visit a branch. Postbank’s online request form asks for the representative’s EGN, the Bulgarian personal number. A company run or owned by foreigners therefore deals with a branch or with a provider that onboards online.
| Provider | Type | Published position | Route |
|---|---|---|---|
| DSK Bank (OTP Group) | Bulgarian bank | Online opening only for Bulgarian-citizen representatives and owners | Online route closed to foreign owners |
| UniCredit Bulbank | Bulgarian bank | Document lists by legal form and country of registration | Bank file; notarised proxy for the capital account |
| Postbank (Eurobank Bulgaria AD) | Bulgarian bank | No foreign-owner rule found; online form expects an EGN | Request online, then the bank |
| Wise Business (Wise Europe SA) | Belgian-authorised payment institution | Customers in Bulgaria may hold money; no bearer share companies | Online |
| Revolut Business (Revolut Bank UAB) | Lithuanian bank licensed by the ECB | An OOD documenting its EEA presence, with an applicant resident in an EEA country, Switzerland or the UK | Online |
| Airwallex | Payment provider, not a bank | Bulgarian-registered companies go to its Lithuanian entity | Online |
The bank may ask for more. Postbank’s form also wants the company’s EIK.
The Bulgarian Deposit Insurance Fund guarantees each depositor up to €100,000 at each bank, principal and interest together, and says its cover extends to Bulgarian and foreign companies as well as individuals, in euro and other currencies. Banks acting for themselves, financial institutions, insurers, pension insurers, investment firms, investment funds and state-funded organisations are excluded. A balance with a payment or e-money provider is not a deposit at a Bulgarian bank.
Bulgaria is one of the places where our pre-banked shelf company page says a company can realistically be bought together with its account, and that works for a buyer whom the bank approves. The shares change hands while the account stays the OOD’s; the bank then reviews the new owners, manager and signatories, and carries on, asks for more papers or ends the relationship. Because DSK closes the capital-raising account at registration, an account that comes with a shelf OOD there is an ordinary current account.
We sell ready-made Bulgarian OOD companies, handle company formation in Bulgaria and assemble the file a Bulgarian bank works from. Should a bank we already work with fit your business, we can make the introduction, and the bank alone approves. More on the country: our Bulgaria overview.
Yes. The manager and members of an OOD may live anywhere and hold any nationality. The obstacles are bank channels: DSK Bank’s online business account admits Bulgarian citizens only, while UniCredit Bulbank publishes the papers it expects where an owner is a foreign company. Revolut, Wise and Airwallex onboard Bulgarian companies online under their own conditions.
Some of it. A proxy holding an explicit notarised power of attorney can open the capital-raising account at UniCredit Bulbank, which produces the certificate a new company needs for registration. For the operating account, the online routes of DSK and Postbank expect Bulgarian citizenship or an EGN, so allow for a branch step. Revolut accepts an OOD online if the applicant resides in an EEA country, Switzerland or the UK.
A euro account with a BG IBAN, reachable from anywhere in SEPA without conversion since the euro became Bulgaria’s currency in January 2026. Other currencies go through the bank’s foreign transfer service, as DSK Bank offers business clients, and Wise and Airwallex also onboard Bulgarian companies.
Not with the providers we checked. NatWest requires at least one UK-resident applicant and a business registered for UK income or corporation tax, and Mercury accepts only companies formed and registered in the United States or a US territory. A Bulgarian OOD that needs local banking in either country would need a company registered there, and keeps its euro account in Bulgaria for everything else.