Open a Financial Company in Bulgaria

Open a Financial Company in Bulgaria

Updated on Thursday 05th January 2023

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Open-a-Financial-Company-in-Bulgaria .jpgThe financial services sector in Bulgaria is well-developed and represented both by national and foreign companies. The privatization of the banking sector in early 2003 attracted a large number of foreign investors and large international banks. More than half of the banking sector in Bulgaria is dominated by foreign banking groups. 
Investors who want to open a financial company in Bulgaria need to observe the country’s rules for banking and financial entities. One of our lawyers in Bulgaria can help you set up a financial services companies by observing all of the applicable regulations. 

The financial services sector in Bulgaria 

Bulgarian financial services companies provide a variety of services and solutions. Most of the large and medium-sized companies in this field are concentrated in large cities like Sofia, Plovdiv or Varna.  
Examples of financial services provided by companies in Bulgaria include:
- asset management;
- private banking;
- wealth management;
- insurance and reinsurance;
- capital management, risk, and liquidity management.
The non-banking financial sector in Bulgaria is overseen by the Financial Supervision Commission. The stability of the banking system and the activities of other banks are overseen by the Central Bank of the Republic of Bulgaria.

Bulgaria's banking system is up to date and stable financially. The government guarantees all deposits up to EUR 100,000. Credit interest rates are now low and are anticipated to decrease further soon. Bulgaria is home to several of the largest EU banks. So, if you are planning your immigration to Bulgaria, you can rely on our local lawyers.

One of our lawyers in Bulgaria can give you more information on the laws and regulations imposed by these two agencies entrusted with financial supervision in the country.

How to open a company in Bulgaria

Investors who want to start a company in Bulgaria need to follow a few steps concerning registration, permits, and visas for foreign entrepreneurs. First-time investors in Bulgaria can request specialized assistance during the completion of these steps.
Commonly used business forms in Bulgaria include the limited liability company, the joint stock company, the foreign branch and the representative office.
One of the experts at our law firm in Bulgaria can give you more details on the laws and regulations for financial companies. Contact us for legal services and assistance for investments.