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.