A merchant account in Bulgaria is a necessary tool for businesses that perform financial transactions online. Businessmen who are interested in opening a company in Bulgaria should know that a merchant account is used for POS (point of sale) transactions and for online transactions performed by using a credit or a debit card. Our team of company formation agents in Bulgaria can offer in-depth advice on the requirements for setting up a merchant account.
Investors who want to start the procedure of company registration in Bulgaria may set up a wide range of merchant accounts, as follows:
If you want to set up a company in Bulgaria, and more specifically an online business, you must consider some formalities and procedures:
Foreign entrepreneurs interested in opening a merchant account in Bulgaria can confidently contact our local agents in order to prepare the necessary documents in this regard. Certain procedures may seem complex, therefore, a representative is required.
No, the formalities are quite straightforward even for non-resident entrepreneurs in Bulgaria, interested in opening a merchant account. Foreigners, in this case, should already have a residence permit and present a valid passport at the time of opening such an account. On the other hand, the bank can also ask for information about incomes and their source when opening a merchant account in Bulgaria.
So, these are some of the procedures and formalities for opening a merchant account. If you want to open a company in Bulgaria and develop your activities online, such an account is required. Our local agents are at your disposal with comprehensive information about the procedures involved, but also with dedicated services. You can thus avoid possible errors and complexities in matters of business registration in Bulgaria and related matters.
A payment gateway is a system that allows online payment with debit and credit cards. There are various providers for such services, and they can be contracted quite fast when you open a merchant account in Bulgaria. Each business has its particularities, so payment gateway providers can customize services and offer dedicated packages in this regard. We invite you to contact us for more information in this regard.
As mentioned above, the merchant account can be used for traditional and online businesses. When starting the procedure of company formation in Bulgaria, it is advisable to establish a merchant account in the situation in which the business will sell various products and services on the local market, as the investors will have certain advantages.
For example, the merchant account offers a supplementary manner for performing transactions, besides cash payments. The cashier will no longer need to offer change for a certain transaction, and it also eliminates the possibility of paying with counterfeit money.
The merchant account has to be registered with a Bulgarian bank and our team of company formation representatives in Bulgaria can offer assistance on the procedure.
Bulgaria is a good investment destination for foreign entrepreneurs who want to develop their businesses in this part of Europe. With a stable economy and an advantageous tax system, Bulgaria offers a solid business climate where you can run any type of business. Below is some information about Bulgaria’s economy, if you want to establish your operations in this country:
We provide dedicated services for those looking for accountants in Bulgaria. Also, we help entrepreneurs open a startup in Bulgaria, by managing the entire formalities and procedures in this sense.
Businessmen can find out further information on the application procedure from our team of company formation consultants in Bulgaria. Please contact our specialists for assistance in company incorporation in Bulgaria.
