If you want to relocate, expand, have already acquired a newly incorporated company in Bulgaria (BG) or an already established one (ready-made company option), you need a Bulgarian bank account, especially if you plan to conduct various business operations in the country.
For the last 15 years Bulgaria has been quite a stable economy, welcoming foreign business investors, regardless the many periods of uncertainties and instabilities on the world economic landscape. By opening a bank account here, you are guaranteed stable access to payments in FX currencies to any of your partners and clients worldwide.
As a SEPA member, Bulgaria and its banks maintain exceptional reputation on international markets, continuously having multiple interbank & correspondent accounts with all major global banking institutions.
FX currencies and the BGN (Bulgarian lev)
The national currency, called the “Bulgarian lev” (BGN), is quite risk-averse as it has been fixed to the Euro for more than 10 years now, and is set at a rate of 1.9558 levs per euro.
When someone transfers you money in other than your account’s currency, the bank automatically converts it in your designated one, at the current FX rate.