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Bulgaria Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.
Bulgarian currency:
The lev
Bulgaria’s official currency is the lev. The lev is fixed to the euro, one euro equalling 1.95583 lev. One lev is therefore worth around €0.50 or £0.35 or $0.60. More...
Cards, banks, traveller’s cheques & Co.:
How to obtain cash in Bulgaria
There are various methods of obtaining small amounts of money for everyday use. The following article provides you with different payment methods and possibilities to obtain cash in Bulgaria. More...
Banking:
Banks and accounts in Bulgaria
After the national banking crisis of the mid-’90s, a Banking Consolidation Company was set up in 1996 to restructure and consolidate Bulgaria’s banking sector. All state-owned banks were privatised in 2000, when smaller commercial banks were either taken over by larger Bulgarian banks or bought out by foreign banks. More...
Importing & Exporting money:
Rules & Regulations
Shop around for the best exchange rate and the lowest costs when transferring money to Bulgaria. Banks are often willing to negotiate on fees and exchange rates when you’re transferring a large amount of cash. More...
Transferring and receiving money:
Services available for Bulgaria
Below you find information on the different methods of transferring money to and receiving money in Bulgaria respectively. More...
Income Tax:
Are you liable for income tax in Bulgaria?
An important consideration when you’re moving to Bulgaria and/or working there, even if you don’t plan to live there permanently, is taxation. You will have to pay income tax if you live permanently in Bulgaria or earn an income there. More...
Other taxes:
Property tax, VAT, capital gains tax, inheritance tax etc.
This article provides an overview of existing taxes in bulgaria you might be subject to. More...
Mortgages:
Financing your home in Bulgaria
To finance your purchase of a home in Bulgaria, you have three main options: you can pay outright using resources such as savings, you can release equity in your current home by remortgaging, or you can take out a foreign or Bulgarian mortgage on your Bulgarian property. More...
Important insurances in Bulgaria:
Building & Public liability insurance
It’s wise to take out building insurance covering damage due to fire, water, explosion, storm, earthquakes or other natural catastrophes. Also it’s advisable to take out a public liability insurance for you and any family members. More...
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