Business Bank Account in Plovdiv
Why Do You Need a Business Account?
Opening a bank account is an essential step when registering and running a company in Plovdiv. Before registration you need an escrow account to deposit the share capital, and afterwards a current account for daily operations.
Major banks have branches in central Plovdiv with corporate services.
Business Environment in Plovdiv
Plovdiv (approximately 350,000 residents) is the second-largest city in Bulgaria, with a rapidly growing IT and industrial sector. The city has over 45,000 registered companies, making it an active business centre.
Key Industries:
- IT & Software Development
- Food & Beverage Industry
- Light Industry
- Tourism
Office Rents: Average office rents in Plovdiv are €5–12/sq.m., which is competitive compared to other cities in the region.
Bank Branches: DSK Bank, UniCredit Bulbank and Postbank have branches on Knyaz Alexander I St., Maritsa Blvd. and in the Trakia district.
Notary Offices: Notary offices are concentrated around Central Square, Rayko Daskalov St. and Shesti Septemvri Blvd..
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 Plovdiv
- Prepare documents — manager's ID, articles of association / partnership agreement (for escrow) or CR certificate (for current account)
- Visit a bank branch — in Plovdiv 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 Plovdiv:
- 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 Plovdiv:
| Service | Price |
|---|---|
| Opening an escrow account | €5–10 |
| Opening a current account | €0–5 |
| Monthly maintenance | €3–15 |
| Online banking | €2–5/month |