Business Bank Account in Ruse
Why Do You Need a Business Account?
Opening a bank account is an essential step when registering and running a company in Ruse. Before registration you need an escrow account to deposit the share capital, and afterwards a current account for daily operations.
Bank branches in Ruse are concentrated in the centre and around Svoboda Square.
Business Environment in Ruse
Ruse (approximately 150,000 residents) is a key Danube city with developed industry, logistics and cross-border trade with Romania. The city has over 12,000 registered companies, making it an active business centre.
Key Industries:
- Logistics & Transport
- Mechanical Engineering
- Food & Beverage Industry
- Cross-border Trade
Office Rents: Average office rents in Ruse are β¬3β8/sq.m., which is competitive compared to other cities in the region.
Bank Branches: DSK Bank, UBB and First Investment Bank have branches on Aleksandrovska St., Svoboda Square and Lipnik Blvd..
Notary Offices: Notary offices are concentrated around Svoboda Square, Aleksandrovska St. and the area of Ruse District Court.
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 β compare the terms offered by banks in Ruse
- Prepare documents β manager's ID, articles of association / partnership agreement (for escrow) or CR certificate (for current account)
- Visit a bank branch β in Ruse or open online (some banks offer remote opening)
- Deposit the capital β minimum β¬1 for EOOD/OOD
- Obtain the certificate β deposit slip for the escrow account, needed for the CR
Required Documents
To open an escrow account in Ruse:
- 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 Ruse:
| Service | Price |
|---|---|
| Opening an escrow account | β¬5β10 |
| Opening a current account | β¬0β5 |
| Monthly maintenance | β¬3β15 |
| Online banking | β¬2β5/month |