How to open a brokerage account for online trading on the Bulgarian Stock Exchange?

 

In order to open brokerage account on the Bulgarian Stock Exchange you need to conclude an agreement with Karoll Brokerage and to fill in two information sheets that are an integral part of it. Generally there are three options for you to conclude the contract and to fill in the information sheets in terms of opening a brokerage account:

  • To sign them with a valid universal electronic signature in accordance with your domestic law on electronic documents and electronic signature;

  • To sign them by means of a power of attorney (notarized, officially translated, and apostilled/legalized in Bulgarian or English) by which you authorize Karoll to fill in the necessary information sheets and to conclude the agreement in your name and on your behalf;

  • To conclude the agreement and fill in the information sheets in our offices in Sofia, Bulgaria;

 

Opening a brokerage account: terms for institutional investors

The following documents are required in order for you to open a brokerage account with Karoll Brokerage:

1. Act of registration, registration certificate, or certificate of incorporation - original/ notarized copy in original language which shall be officially translated in Bulgarian or English and apostilled/legalized. The copy shall contain the following data:

  • Full name of the legal entity;
  • Date of issue;
  • Country of registration;
  • Official address of the legal entity;
  • Name of the persons who are entitled to represent the legal entity;

2. Articles of association - original/ notarized copy in original language which should be officially translated in Bulgarian or English and apostilled/legalized;

3. Certificate of current legal state, issued by authorized institution /Commercial Registrar or Court/ - original/ notarized copy in original language which shall be officially translated in Bulgarian or English and apostilled/legalized. The copy shall contain the following data:

  • Full name of the legal entity;
  • Date of issue;
  • Country of registration;
  • Official address of the legal entity;
  • Name of the persons who are entitled to represent the legal entity;
  • Current legal state /it should be clear that the legal entity is active and is not insolvent, liquidated or terminated/;

4. International passport / ID card of each of the company’s representatives:
4.1. Copy of the representative’s original international passport / ID card – the representative shall handwrite his/her full name, signature, and the text "TRUE TO THE ORIGINAL" on the copy of the document;
4.2. Notarized copy of original international passport/ ID card in original language which shall be officially translated in Bulgarian or English and apostilled/legalized. The copy shall contain the photo of the foreign physical person and the following data:

  • Full name;
  • Passport/ID card number;
  • Date of issue;
  • Date of expiry;
  • Nationality;
  • Address;

5. Licence /in case the legal entity is liable to any licensing/ - original/ notarized copy in original language which shall be officially translated in Bulgarian or English and apostilled/legalized;

6. Specimen of legal representatives' signatures - notarized, officially translated in Bulgarian or English and apostilled/legalized;

 

Opening a brokerage account: terms for individual investors

The following documents are required in order for you to open a brokerage account with Karoll Brokerage:

1.Copy of the client’s original international passport / ID card – you shall handwrite your full name, signature, and the text "TRUE TO THE ORIGINAL" on the copy of the document.

2.Notarized copy of original international passport/ ID card in original language which shall be officially translated in Bulgarian or English and apostilled/legalized. The copy shall contain the photo of the foreign physical person and the following data:

  • Full name;
  • Passport/ID card number;
  • Date of issue;
  • Date of expiry;
  • Nationality;
  • Address;

 

Please click on the following links to see also:

 

After you open a brokerage account, you can access our software for trading Bulgarian securities - Karoll Broker

Open your account with Karoll Broker online.

OPEN AN ACCOUNT

Bulgarian Stock Exchange Department

1 Zlatovrah Str., Sofia 1164, Bulgaria

Monday - Friday

9 AM - 6 PM

Phone: (+359 2) / 4008 250

Е-mail: broker@karoll.bg