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The account is used to raise capital for establishing of a business. The capital deposited is blocked untill the company gets registered in the Commercial register.

Currency

BGN

Opening 

In BACB offices, upon presenting the following documents:

  • Memorandum of Association or Minutes of Incorporation
  • Declaration for the beneficial owners
  • By-laws
  • Copies of personal identification documents of representatives or proxies (if any) and beneficial owners of the capital
  • Notarized Power of attorney (if the account is opened by a proxy) 

Interest Accrual

This account does not accrue interest.