Crypto License in Bulgaria Under MiCA (CASP) Regulations
Start Your Crypto Business in Bulgaria
Bulgaria is emerging as one of the most attractive jurisdictions in the European Union for cryptocurrency businesses. With the implementation of the Markets in Crypto-Assets (MiCA) regulation, companies providing crypto-related services must obtain a Crypto-Asset Service Provider (CASP) license to legally operate across the EU.
Registering your CASP license in Bulgaria offers several advantages: a flexible regulatory environment, access to the entire EU market, and legal certainty under MiCA. With relatively low taxes and a favorable business climate, Bulgaria is becoming an ideal choice for startups and large-scale crypto projects alike.
Key Benefits of a Crypto License in Bulgaria
EU-compliant regulations under MiCA and CASP frameworks.
Low 10% corporate tax rate, one of the lowest in the EU.
Fast licensing process (2-3 months for approval).
No strict capital requirements compared to other EU countries.
Full access to European markets for seamless operations.
Banking and payment gateway access for crypto transactions.
Regulatory Framework: MiCA & CASP in Bulgaria
The implementation of MiCA & CASP regulations has significantly improved the legal certainty for crypto businesses in Bulgaria.
MiCA (Markets in Crypto-Assets Regulation)
Establishes harmonized rules across the EU for crypto businesses.
Introduces clear legal definitions for crypto assets and services.
Requires crypto firms to register as CASP (Crypto Asset Service Providers).
CASP (Crypto Asset Service Provider) Registration
Mandatory for crypto exchanges, wallet providers, and brokers.
Requires AML (Anti-Money Laundering) and KYC (Know Your Customer) compliance.
Businesses must register with the Bulgarian National Revenue Agency (NRA).
Crypto Taxation in Bulgaria
Corporate tax: 10% on company profits.
Personal income tax: 10% on crypto gains for individuals.
VAT: Crypto transactions are VAT-exempt under Bulgarian law.
Types of Crypto Licenses in Bulgaria
Bulgaria offers two main crypto licenses under the MiCA & CASP framework:
Crypto Exchange License
Allows businesses to buy, sell, and exchange cryptocurrencies.
Requires strict AML/KYC compliance.
Grants EU-wide operational rights under MiCA.
Crypto Wallet & Custody License
Permits secure storage and management of digital assets.
Ideal for businesses providing custodial services.
Requires a strong cybersecurity framework.
Requirements for Obtaining a Crypto License in Bulgaria
To successfully register as a CASP under MiCA, companies must meet the following criteria:
General Requirements
Company Formation: A Bulgarian-registered company with a physical office.
AML/KYC Compliance: Robust customer verification and transaction monitoring.
Appointment of a Compliance Officer: Responsible for reporting to the NRA.
Cybersecurity Standards: Secure storage of customer funds and encryption protocols.
Financial Audit & Reporting: Regular financial and regulatory reports.
Capital Requirements
Unlike some EU jurisdictions, Bulgaria does not require a minimum capital deposit, making it more accessible for startups.
Application Process for a Bulgarian Crypto License
Step-by-Step Licensing Process
Step 1: Register a Company in Bulgaria
Establish a Limited Liability Company (LLC) or JSC in Bulgaria.
Step 2: Prepare Required Documents
Collect incorporation documents, AML policies, and proof of compliance.
Step 3: Register with the National Revenue Agency (NRA)
Apply for official recognition as a CASP under MiCA regulations.
Step 4: Open a Corporate Bank Account
Secure banking relationships for fiat and crypto transactions.
Step 5: Compliance Audit & Approval
The NRA reviews compliance measures before issuing the license.
Step 6: License Issuance & Operational Launch
Once approved, businesses receive their MiCA-compliant CASP license.
Why Choose Bulgaria for Your Crypto Business?
- MiCA & CASP Compliant – Operate legally across the European Union.
- Low Tax Rates – Just 10% corporate tax on crypto profits.
- Fast Licensing Process – Get approved within 2-3 months.
- Banking & Payment Gateway Support – Open accounts with European financial institutions.
- No Capital Requirements – More accessible compared to other EU countries.
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