Is Stripe Available in Bulgaria? (Yes, See Why)

If you’re a business owner in Bulgaria looking to expand your payment options, you may wonder if Stripe is available in your country.

Yes, Stripe is available in Bulgaria.

If you’re interested in using Stripe for your business in Bulgaria, you’ll need to meet a few requirements.

In this article, we’ll explore the requirements, how to create a Stripe account in Bulgaria, and the benefits of establishing a U.S.-based LLC for your Bulgarian Stripe account.

Key Takeaways

Stripe is now available in Bulgaria, offering a new payment processing option for businesses.
To use Stripe in Bulgaria, you must have a registered business and a bank account that supports SEPA transfers.
However, you can open a Stripe in Bulgaria and enjoy better access to the US market by forming a US LLC and obtaining an Employer Identification Number (EIN), using a registered agent.
Use Northwest’s registered agent service for seamless setup.

➜ Click Here to Form Your LLC For as Low as $39

Does Stripe Work in Bulgaria?

As an online business owner in Bulgaria, you may wonder if Stripe is available in your country. The good news is that Stripe has expanded its services to support businesses in Bulgaria and several other European countries.

Stripe is now available in 46 countries globally, with 32 countries in Europe.

Whether you are a resident or non-resident business owner in Bulgaria, you may wonder how to create a Stripe account.

You can open a Stripe account in Bulgaria by following these steps:

Create/form an LLC in the United States (use Northwest).
Visit the Stripe website and create an account.
Enter your business information, including your name, address, and phone number.
Provide your EIN (with the help of Northwest).
Provide your tax ID and government-issued ID.
Verify your email address and phone number.
Add a bank account where Stripe supports processing payments (Use Wise or Mercury).
Start accepting payments.

Stripe is a flexible global payment solution that facilitates businesses in accepting payments across more than 135 currencies worldwide.

Requirements To Open A Stripe Account In Bulgaria For Your Business (via LLC)

If you’re looking to accept payments online in Bulgaria, Stripe is a great option. However, you must fulfill certain requirements to open a Stripe account in Bulgaria.

Requirement	Where To Get It
US-based LLC	Register with a registered agent (Northwest)
EIN/Tax ID	Apply through the IRS website or use a registered agent
US business address	Use a virtual mailbox service or a registered agent
US-based phone number	Use virtual phone number service
US-based bank account	Open a physical bank account in the US (Use Wise or Mercury)

1. A Business Formation In The U.S (LLC)

Establish a U.S.-based Limited Liability Company (LLC) to begin your Stripe journey. This LLC serves as the foundational entity for your Stripe account.

You can register your LLC with any U.S. state government of your choice. You can take charge directly or opt for the ease of a registered agent like Northwest Registered Agent, who streamlines the process.

2. Obtaining An Employer Identification Number (EIN) Or Tax ID

Next, secure an Employer Identification Number (EIN) or Tax ID from the IRS. This identifier is crucial for activating your Stripe account. You can streamline the application process online, by mail, fax, or through a registered agent.

Northwest Registered Agent offers a swift EIN acquisition service, typically within 24 hours, sparing you the complexities of direct IRS dealings.

Without an EIN, you can’t open a Stripe account.

3. A U.S. Business Address

You’ll need a U.S. business address to formalize your LLC and obtain an EIN or Tax ID.

Northwest Registered Agent provides comprehensive services, including a U.S. business address, mail forwarding, and handling of legal documents—essential for maintaining your business’s professional presence.

Having a U.S. business address does not mean you must be physically present in the U.S. to use Stripe.

4. A U.S Phone Number

Verification of your Stripe account requires a U.S. phone number.

Virtual phone services like Skype or Dingtone simplify this step by offering seamless creation of a virtual U.S. number capable of receiving SMS messages.

Warning

Note that the phone number used to open your Stripe account must be a valid and active US-based phone number. But it doesn’t matter how you get as long as it can receive verification texts and calls.

5. A U.S Bank Account (To Be Linked To Stripe For Payouts)

Linking a U.S. bank account to Stripe for payouts is essential. Stripe supports payouts exclusively to bank accounts in supported countries. As a non-U.S. resident, consider virtual bank account services such as Wise or Mercury.

Wise offers a borderless account with U.S. routing and account numbers, ideal for receiving payments from Stripe and other U.S.-based entities.

Alternatively, Mercury provides a dedicated U.S. bank account that is seamlessly integrated with Stripe and various payment processors, perfect for startups and entrepreneurs.

What’s the Best State to Form Your LLC as a Foreigner in Bulgaria?

If you’re a Bulgarian entrepreneur looking to establish a U.S.-based LLC, several states offer favorable conditions for foreigners.

Here are the top states to consider:

Delaware

Delaware is a popular choice among entrepreneurs worldwide for LLC formation due to its robust legal system that favors business owners. Its low franchise tax can lead to significant cost savings over time.

Additionally, Delaware offers a high level of privacy protection.

New Mexico

New Mexico is highly recommended for foreign entrepreneurs looking to establish an LLC. It features a minimal filing fee of $50, and unlike many states, it does not impose annual report fees.

Furthermore, New Mexico allows for greater privacy protection by not requiring the names of members or managers in the initial filing.

Wyoming

Wyoming is another excellent choice for foreign entrepreneurs seeking to form an LLC. It stands out because it does not have state income tax, franchise tax, or personal income tax, making it a favorable tax environment.

Moreover, Wyoming offers stringent privacy protection laws to safeguard your personal information.

California is not a good choice for foreigners to set up an LLC in. The state imposes high taxes and has a complex regulatory environment that can be difficult to navigate, especially for foreign entrepreneurs.

Steps On How To Form Your LLC & Open A Stripe Account

Here are the steps you need to follow to form your LLC and open a Stripe account.

Step 1. Sign up For Northwest Registered Agent

The first step in forming your LLC is to sign up for a registered agent service. I recommend Northwest Registered Agent. This registered agent can help you with the entire process of forming your LLC.

To sign up for their services, go to their website at: https://www.northwestregisteredagent.com

Then click on the “LET’S GET YOU STARTED” button.

Step 2. Choose Your Business Entity and State

Once you’ve signed up for a registered agent service, choose your business entity and state. This will determine the type of LLC you’ll form and its location.

The total amount will depend on your chosen state and the processing time. For instance, forming an LLC in Alabama costs $334, while New Mexico costs $98.

Step 3. Enter Your New/Existing Details

Enter your new or existing details after selecting your business entity and state. This includes your name, address, and other essential information.

You can choose the physical and mailing addresses you want for the business.

Northwest Registered Agents allows you to use their address as your business address, eliminating the hassle of securing a separate US address for your company.

Step 4. Enter The Management For Your LLC

You’ll need to enter the management for your LLC. This includes the members or managers who will run your business.

If you’re a one-person show in your business, stick with one member and use your name.

Step 5. Fill in Your Contact Details

Next, you’ll need to fill in your contact details, including your email address, phone number, and other information.

Tip

You don’t have to scramble for a U.S. contact detail to create your Northwest account. Your local details will work just fine as your point of contact with Northwest.

Step 6. Setup Your Account with Northwest Registered Agent

After entering all your information, you must set up your account with Northwest Registered Agent using your email and preferred password. This will allow you to access their services and complete the following steps to form your LLC.

Step 7. Get Your Business Identity (Optional)

You can toggle this on to add the Northwest Business Identity option for your LLC. It includes the following, free for 90 days:

Domain name registration – 1 Free Year
Website – hosted by us, owned by you
Business email address
Business phone

Northwest LLC Formation Business Identity tab

Step 8. Getting Your Tax ID or EIN (Optional)

If you want your LLC’s tax ID (EIN), you can do so through Northwest Registered Agent. They will help you complete and submit the necessary forms to the IRS.

It’s pretty easy to get this on your own, but if you’d like to include it in your order, that’s also great!

Step 9. Checkout/Payment (Congratulations!)

Finally, you’ll need to check and make payment to complete the process of forming your LLC.

Congratulations! You can now open a Stripe account and start accepting payments.

Get Started with Northwest

Finally, Create Your Stripe Account (With Your EIN & LLC Information)

To start accepting payments through Stripe, you must create a Stripe account. The process is straightforward and can be completed in a few simple steps.

Basic Requirements for Creating A Stripe Account

Before you start creating your Stripe account, ensure you have the following basic requirements ready:

Your business name and email address
Your government-issued ID
Your Employer Identification Number (EIN)
Your Limited Liability Company (LLC) information

Creating a Stripe Account in Bulgaria (Step-by-Step)

To create a Stripe account in Bulgaria, follow these simple steps:

Go to the Stripe registration page at https://dashboard.stripe.com/register and click the “Sign Up” button.
Enter your email address and create a password.
Click on “Create your Stripe account” to proceed.
Fill in your business information, including your name, address, and phone number, and click “Continue”.
Enter your personal information, including your name and date of birth. Click on “Continue” to proceed.
Verify your email address by clicking on the link sent to your email.
Provide your government-issued ID for verification purposes.
Provide your EIN and LLC information.
Connect your bank account to your Stripe account to receive payments.

Once you have completed these steps, you can start accepting payments through Stripe.

Note

Please ensure the country you selected where your business is incorporated, is the United States, not Bulgaria.

Why I Prefer Northwest Registered Agent For My LLC Formation?

Are you thinking about setting up your LLC in the U.S.? Let me introduce you to Northwest Registered Agent—it’s not your typical LLC formation service.

Here’s why they’re a standout choice:

Transparent Pricing

No surprises here! Northwest offers straightforward pricing for their LLC formation packages.

You’ll see exactly what you’re paying for on their website, with no hidden fees or unexpected add-ons. Plus, you can customize your package to suit your needs.

Local Office Address

Need a business address? Northwest lets you use one of their local offices. It’s perfect if you’re operating remotely or want to keep your home address private. They’ll handle your mail and forward it to you, ensuring you never miss anything important.

Free One-Year Registered Agent

When you form your LLC with Northwest, you get a free one-year registered agent service. They’ll manage legal documents and important mail on your behalf, keeping you organized and compliant.

Renewal after the first year is affordable and hassle-free.

Free Operating Agreement

Every LLC needs an operating agreement, and Northwest gives you one for free.

This crucial document outlines the ownership and operational procedures, safeguarding your personal assets and ensuring smooth operations.

Tax Flexibility

Choose how you want your LLC taxed—whether it’s as a sole proprietorship, partnership, S corporation, or C corporation.

Northwest supports your decision, allowing you to optimize your tax strategy.

Affordable Packages

Northwest offers cost-effective LLC formation packages starting at just $39. This is a refreshing change from other agents that charge over $1000, making it perfect for budget-conscious entrepreneurs.

Free Online Essentials

When you form your LLC with Northwest, you get a free domain, website, email, and business phone. This is an invaluable perk for new businesses needing a professional online presence without the hassle.

Privacy Protection

Your privacy matters. Northwest ensures your personal information stays private and away from public records by default.

What Are The Benefits Of Forming A US Limited Liability Company (LLC) For a Bulgarian Stripe Account?

If you are a Bulgarian business owner considering using Stripe for your payments, forming a U.S. Limited Liability Company (LLC) can offer a range of benefits that can be a game-changer for your business.

Here are some of the key benefits of forming a US LLC for your Bulgarian Stripe account:

Limited Liability Protection

As a business owner, you face legal issues and financial debts that can put your personal assets at risk.

However, with an LLC, your personal assets are shielded from business debts and liabilities, giving you peace of mind knowing that only your LLC’s assets are on the line, not yours personally.

Tax Benefits

LLCs aren’t taxed separately, and instead, the profits and losses flow through to you, the owner(s), and get reported on your personal tax returns. This setup can lead to substantial tax savings, especially if your LLC has multiple owners.

The tax benefits of an LLC can help you save money and streamline your tax reporting.

Flexibility

LLCs offer flexibility galore, allowing you to steer your business your way. Whether you prefer to manage things yourself or hire a manager to handle day-to-day operations, it’s up to you.

Plus, you can have a diverse mix of members—individuals, corporations, and even other LLCs—making it adaptable to your growth plans.

Credibility Boost

Forming an LLC can up your business’s credibility game, especially if you are thinking big and aiming to collaborate with U.S.-based companies or customers.

Many U.S. firms prefer dealing with LLCs because of the liability protection they offer, plus they see them as more established and professional.

Frequently Asked Questions

Is Stripe available in Bulgaria?

Yes, Stripe is available in Bulgaria. Stripe is available in over 46 countries, including Bulgaria. This means that businesses in Bulgaria can use Stripe to process payments online.

Are there any European countries where Stripe is not available?

Yes, Stripe is unavailable in a few European countries, such as Belarus, Macedonia, and Serbia. However, Stripe is expanding its services to new countries, so it’s worth checking its website for updates.

How can I determine if Stripe services are available in my country?

You can check if Stripe services are available in your country by visiting their website and navigating to the “Global” page. From there, you can see a list of countries where Stripe is currently available.

What options are there for using Stripe in unsupported countries?

If you live in a country where Stripe is not supported, you may still be able to use their services by registering your company in a supported country such as the US or the UK.

What is the process for signing up for a Stripe account in a new country?

If you are signing up for a Stripe account in a new country, provide basic information about your business, such as your business name, address, and tax ID number.

What are the alternatives to Stripe in Bulgaria?

There are several alternative payment processors available in Bulgaria, such as PayPal and Braintree.

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Disclosure: We may earn commissions if you buy via links on our website. Commissions don’t affect our opinions or evaluations. We’re also an independent affiliate of many platforms, including ClickFunnels, Kartra, GoHighLevel, Podia, Northwest Registered Agent, and others. We’re not employees of these services. We receive referral payments from them, and the opinions expressed here are our own and are not official statements of these companies.