Business Bank Account in Burgas
Why Do You Need a Business Account?
Opening a bank account is an essential step when registering and running a company in Burgas. Before registration you need an escrow account to deposit the share capital, and afterwards a current account for daily operations.
Major bank branches in Burgas are located along Demokratsia Blvd. and in the city centre.
Business Environment in Burgas
Burgas (approximately 210,000 residents) is a major economic centre on the Southern Black Sea coast with developed tourism and oil refining. The city has over 25,000 registered companies, making it an active business centre.
Key Industries:
- Tourism & Hospitality
- Oil Refining & Energy
- Fishing & Aquaculture
- Trade
Office Rents: Average office rents in Burgas are €4–10/sq.m., which is competitive compared to other cities in the region.
Bank Branches: DSK Bank, Postbank and UBB have branches on Aleksandrovska St., Demokratsia Blvd. and in the Meden Rudnik district.
Notary Offices: Notaries are concentrated around Aleksandrovska St., Stefan Stambolov Blvd. and the Burgas Palace of Justice.
Types of Business Accounts
| Account Type | Purpose | When? |
|---|---|---|
| Escrow | Depositing the founding capital | Before company registration |
| Current | Day-to-day business operations | After receiving the UIC |
| Foreign currency | Foreign currency operations | When trading internationally |
Opening Procedure
- Choose a bank — compare the terms offered by banks in Burgas
- Prepare documents — manager's ID, articles of association / partnership agreement (for escrow) or CR certificate (for current account)
- Visit a bank branch — in Burgas or open online (some banks offer remote opening)
- Deposit the capital — minimum €1 for EOOD/OOD
- Obtain the certificate — deposit slip for the escrow account, needed for the CR
Required Documents
To open an escrow account in Burgas:
- Founder's / manager's ID
- Articles of association or partnership agreement (draft)
- Resolution to incorporate the company
For a current account:
- Certificate of current status from the CR
- Manager's ID
- Resolution of the manager / partners to open an account
Fees
Estimated bank fees in Burgas:
| Service | Price |
|---|---|
| Opening an escrow account | €5–10 |
| Opening a current account | €0–5 |
| Monthly maintenance | €3–15 |
| Online banking | €2–5/month |