Opening a bank account



When expanding into Bulgaria, you will clearly need to set up a bank account in lev. This is especially necessary for cash on delivery sales where the cost of cross-border bank transfers is really significant.

Expandeco will provide you with a complete service that will enable you to open a bank account in Bulgaria without unnecessary complications and worries.

What we can provide for you:

  • Preparation of the documents required by the Bulgarian bank
  • Official translation of these documents
  • Accompanying a client to a Bulgarian bank branch
  • Interpreting at a bank branch
  • Active participation in case of special requests by the client or bank
  • Informing about the progress of approval

It takes about 1 to 2 weeks for the entire bank account creation process from initial ordering to successful completion.

Basic info about e-commerce market

Bulgaria is one of the fastest growing e-commerce markets across Europe, and the people are very fond of online shopping, however less than 10% of the country's businesses sell online, which can be an advantage to foreign companies.

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Matej Kucko
Founder & CEO
We decided to expand to the foreign through Expandeco and we are very satisfied with their approach. They made for us an introductory market and competition analysis, which helped us to decide whether to expand at all. The communication with them is very fast, the translations are of high quality and their approach is professional, proactive and friendly. We definitely recommend Expandeco to anyone who is considering expansion to the foreign without an in-house team and support in competent language.