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Open a Merchant Account in Bulgaria
Updated on Thursday 17th November 2022 Rate this article
based on 2 reviews
based on 2 reviews
A merchant account in Bulgaria is a necessary tool for businesses which perform financial transactions. The 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. One important aspect investors should know when using the merchant account refers to the fact that their company should be registered in Bulgaria, as the regulations concerning this matter are rather strict in this sense. Our team of company formation agents in Bulgaria can offer in-depth advice on the requirements for setting up a merchant account. The advantages of a merchant account in Bulgaria
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 the 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.
Another advantage refers to the fact that the company can increase the level of transactions through the various types of credit cards that can be used on the Bulgarian territory.
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.
If you have planned to open a company in Bulgaria, we suggest you contact our accountants in Bulgaria and benefit from the services offered. A company needs bookkeeping, maintenance of the firm's accounts, audits, tax advice, and compliance. These are among the most important aspects of accounting and it is important to comply with the legislation in this regard.
Types of merchant accounts in Bulgaria
Investors who want to start the procedure of company registration in Bulgaria may set up a wide range of merchant accounts, as follows:
• pharmacy merchant account;
• replica merchant account;
• offshore account;
• high risk merchant account;
• low risk merchant account;
• e-commerce merchant account.
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.
Meet us in Sofia
Call us now at +359 888 350 643 to set up an appointment with our specialists in company formation in Sofia, Bulgaria. Alternatively you can incorporate your company without traveling to Bulgaria.
As a client of Sofia Offices, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Bulgaria.
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BridgeWest takes great care of selecting its affiliates worldwide and Bulgaria is no exception.
Francesco Dagnino, Partner of
Lexia Avvocati
www.LawyersItaly.eu
Read more testimonialsFrancesco Dagnino, Partner of
Lexia Avvocati
www.LawyersItaly.eu
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