How do I register a nonprofit association in Bulgaria and open a bank account legally?
Lawyer Answers
Simeon Sheyredov - Attorney at Law
Hello,
Here is am overview of registering a youth sports association (сдружение с нестопанска цел) in Bulgaria, and the related banking requirements:
Registration steps
Choose a unique association name.
Hold a founding meeting (minimum 3 founders).
Adopt the Statute (Устав) and elect management/representatives.
Submit documents to the Register of Non-Profit Legal Entities (online or on paper).
Pay the state fee.
Required documents
Application Form A15
Statute (Устав)
Minutes from the founding meeting
List of founders with signatures
Decision/minutes appointing management and legal representative
Signature specimen(s) of the legal representative(s)
Bank account & signatories
A bank account is not required for registration.
When opening an account, banks typically require:
Entity identifier and registration documents
Statute
Minutes showing legal representation
ID of signatories
Signature specimens (often signed at the bank or notarized)
Banks often request additional internal authorization/compliance forms.
If you would like professional assistance with drafting documents, filing the registration, or coordinating with the bank, I would be happy to help.
Best regards,
Simeon
Geffen Law Firm
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