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

Foreign Money Services Business in Canada

Introduction Canada is renowned for its welcoming environment, making it an appealing destination for persons and businesses worldwide. If you’re contemplating entering Canada’s monetary services sector as a foreign entity, it’s essential to grasp the rules, opportunities, and prerequisites involved. In this article, we’ll delve into the intricacies of becoming a FMSB in Canada and...

Investment fund in Mauritius

Mauritius is gradually establishing itself as a significant financial center in the East African region and an important hub for business with African countries. The use of Mauritian investment funds facilitates interaction with African countries, minimizing problems with currency transactions. The country, which is part of various economic unions, greatly simplifies access to African markets...

Opening an account for an IT enterprise

Opening an account for an IT enterprise first of all starts with choosing the most suitable jurisdiction for this. It should be borne in mind that opening bank accounts in other states is not an easy task. In order to carry out the fight against terrorism and money laundering in modern banking organizations, a rather...

Obtaining а citizenship of Grenada

Obtaining citizenship of Grenada for the acquisition of real estate – recommendations and reviews. Even the global epidemic of Covid 19 from the Middle Kingdom is not able to interfere with obtaining the coveted citizenship of this country. To do this, you just need to purchase real estate there for a total amount of 220...

Property investments in Bali

It’s a place that many entrepreneurs dream of doing business within. Investing in local estate is a great chance to make even your wildest dreams come true. Businessmen are given the possibility to increase their wealth by making capital circulation with estate. Let’s point out several reasons why you might select investment property in Bali....

Payment Services Directive 3 (PSD3) and Payment Services Regulation (PSR)

Directive 3 aims to effectively address economic challenges by building on the successes of their predecessors. The proposed methodologies seek to navigate intricate challenges and optimize opportunities in the dynamic realm of digital transactions. Resilience Against Deception: Persistent challenges, such as deception, prompt actions to counter evolving forms. The emphasis is on countering ‘spoofing’ or...

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:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
+852800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free
Calls are made only from Portugal

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360