Eternity Law International — News — Bank Formation in Bulgaria

Bank Formation in Bulgaria

Published:
March 25, 2021

Bulgaria’s economy today is in stable and favorable attitude benefitting from EU membership and the banking sector has solid position, so that this is good jurisdiction to establish a banking institution for all types of investors.

A bank in Bulgaria must be incorporated as a joint-stock company. A bank may open more than one branch within a single population centre, including the population centre where the said bank has the registered office thereof.

A member of the Management Board or the Board of Directors, except for those whose authorisation is solely for the business of a branch of a bank authorised in the Republic of Bulgaria, may be a person who:

  1. holds an educational qualification degree not lower than Master, conferred thereon upon graduation from a higher educational establishment;
  2. possesses qualifications and professional experience of banking adequate to the relevant education, previous experience of at least 5 years on a position requiring performance of managerial functions in a bank or a corporation or institution comparable to a bank, conforming to criteria determined by the BNB;
  3. has no conviction for a premeditated offence at public law, unless he has been exonerated;
  4. holds no previous membership of a management body or a supervisory body of, and no previous status as general partner in, any corporation dissolved by bankruptcy and leaving any creditor unsatisfied, within the two years last preceding the date of the adjudication in bankruptcy, regardless of whether his rights have been restored;
  5. holds no previous membership of a management body or a supervisory body of a bankrupt bank within the two years last preceding the date of the adjudication in bankruptcy;
  6. is no spouse of any other member of a management body or a supervisory body of the bank, and is no lineal or collateral relative to any such person up to the third degree of consanguinity and does not actually live with such a member;

A unique offer to establish a bank in Bulgaria.

Official timeframe of the bank formation in Bulgaria takes 18 months, but using assistance of our company, your bank will be set up within 12 months.

Governmental fees needed to be paid – approximately USD 1’000’000.

Price and details: nick.b@eternitylaw.com

Please feel free to join our telegram channel  in order to keep updated for the new offers and ready-made companies for sale.

Every week we have new jurisdiction to offer a ready-made turn-key solution! We work worldwide.

Please contact us to get more information regarding companies on sale.

Businesses for sale

Bank in Bulgaria for sale

Europe, Bulgaria Banks for sale
Below you can see the basic information regarding the bank in Bulgaria for sale Bank in Bulgaria – whats included: The bank is a part of international economic group, which is working more than 20 years; Authorized capital of bank is 32 mln EUR; Bank makes transfers in the following currencies: EUR, USD, CHF, GBP...

You could be interested

High-risk businesses payments processing

One of our specialties is High-risk payment processing. We serve high-risk merchant companies with the help of international banking partners and a wide range of opportunities for establishment of offshore systems. Today we are service providers for almost any high-risk business. Our company offers high-risk payment gateway to high-risk businesses in the following areas of...

AEMI License in Latvia

Today’s jurisdiction that 2 years ago regulated the processes of acquiring AEMI license. Entrepreneurs who have decided to operate in this area and want to obtain a license for a payment system in Latvia will now be able to distantly enroll accounts for their clients. A license for digital money in Latvia can be issued...

Removal from Interpol Database in the Netherlands

For the very beginning it is remarkable to admit that trapping a lawsuit with an Interpol Red Notice can turn your life upside down. Depending on whether you live in this region or travel frequently, a notice in the system can block your right of movement. At the same time ruin your reputation, and even...

Increase the length of stay in Ukraine

Increase the length of stay in Ukraine. Increasing the time spent abroad will come in handy in such cases: the visa has expired; you need to enter the country under a visa-free regime, but the allotted time is not enough for you. A reason to stay in the country Having decided to stay on the...

Fintech business in Europe

In 2021, a startup was launched in Europe, in which investments exceeded ten billion dollars. To date, there are already three such projects in Europe. Experts say that frenzy of FinTech sphere has already swept entire continent and will manifest itself in more than one such large-scale project. Fintech business in Europe is an opportunity...

Company registration in Uruguay

The Uruguayan authorities are trying in every possible way to help attract foreign investment and interest foreign partners. For this, very convenient conditions have been created in the jurisdiction. The key benefits of incorporating a firm in Uruguay are as follows: liberal tax system; the country’s government is extremely welcoming; the principle of maintaining bank...

Related posts

Crypto license in Bulgaria

The Bulgarian’s CB together with the Commissions for Supervision of Financial’s Operations is the controlling body for the corporations working in cryptosphere. Both structures work with crypto-currency businesses in Bulgaria as well as other controllers in EU-member-states. Besides these bodies, there is also crypto-regulation in Bulgaria. The Bulgarian’s demand is the NRA, they allocate surcharges...

Ready-made company in Bulgaria

Entrepreneurs who want to quickly enter the international market and become part of a rapidly developing commercial space can take advantage of the option of buying a ready-made company with a VAT number in Bulgaria. This is an economically stable and reliable jurisdiction, which is considered to be a fairly affordable business base. Ready tax...

Company registration in Bulgaria

Registration of company in Bulgaria Businesspersons intending to launch commercials in Europe consider company registration in Bulgaria as a profitable variant regarding state location, a favorable legislative basis for organization foundation and low tax rates. Deciding register company in Bulgaria, executives may count on next-mentioned profitables and benefits: excellent reputation; full compliance with EU norms...

Bank formation in Kazakhstan

Bank formation in Kazakhstan Bank formation in Kazakhstan has a two-tiered banking system.  The first tier is comprised of the National Bank of Kazakhstan (NBK), which reports to the president. The second tier includes 28 commercial banks, including one state-owned bank and 14 banks 30% or more of which are held by foreigners, 12 of...

Formation of the bank in Montenegro

In accordance with World Bank Doing Business report, Montenegro’s rank is 42th of 190 jurisdictions in condition of ease of conducting business. Foreign investors in Montenegro have the same status as national individuals, moreover Montenegro attracts investors with pleasing taxation system. Also, Montenegro has a wide market of high-qualified employees, stable democratic policy. The formation...

Registration of a company in Bulgaria

Bulgaria belongs to the rapidly developing Eastern European states – not only in the cultural, but in the political and economic sense of these words. It is especially interesting in terms of building and expanding personal entrepreneurial activities. To date, special services for registering an organization in the Bulgarian state are considered to be among...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: