Crypto License in Bulgaria

Launch Your Crypto Business Legally in Bulgaria

Obtaining a CASP (Crypto Asset Service Provider) license in Bulgaria in 2026 is a strategic step for businesses targeting the EU crypto market. The MiCA regulation provides a clear, structured framework for cryptocurrency companies, enabling legal and compliant operations across Europe.

With a Bulgarian CASP license, your business can:

• Operate under EU-compliant regulations (MiCA)
• Offer cryptocurrency exchange, wallet, and token services
• Access European banking and payment networks
• Build investor and client trust
• Ensure compliance with AML/CFT and governance standards

Why Choose Bulgaria for a CASP License

Operators select Bulgaria due to:

• EU-compliant MiCA framework — full alignment with European crypto regulations
• Moderate licensing costs — lower compared to Malta, Austria, or Germany
• Banking and payment access — integration with European financial institutions
• Flexible corporate structures — LLC (OOD) or JSC (AD)
• Favorable tax conditions — competitive rates for startups and fintech companies
• Strategic EU location — ideal for scaling across Europe

What a CASP License Allows

A CASP license permits companies to legally provide:

• Cryptocurrency exchanges and trading platforms
• Brokerage and intermediary services
• Wallet and custody solutions
• Token issuance and blockchain infrastructure services
• Payment processing using crypto assets

All CASPs must comply with MiCA, which defines operational, reporting, and capital requirements for crypto service providers.

Licensing Requirements

• Company incorporation documents (local LLC or JSC)
• Passport copies and proof of address for directors and beneficial owners
• CVs demonstrating relevant experience in finance or crypto
• Detailed business plan with financial projections
• AML/KYC policies and internal risk management procedures
• Appointment of a compliance officer (optional but recommended)

Estimated Costs (2026)

• CASP license application fee: €15,000 – €25,000
• Annual license renewal: €10,000 – €15,000
• Company formation (LLC/JSC): €2,000 – €5,000
• Annual company maintenance: €500 – €1,000
• KYC/AML due diligence for directors/UBOs: €1,000 – €2,000 per person
• Advisory & compliance services: €10,000–€22,000 depending on package

Total first-year budget: €28,000 – €45,000

Licensing Timeline

1. Pre-assessment and business model structuring
2. Company incorporation (2–4 weeks)
3. Compliance documentation preparation (2–3 weeks)
4. Submission to the Bulgarian Financial Supervision Commission (FSC)
5. License issuance (4–8 weeks)

Total timeline: 2–3 months

Banking and Payment Integration

• Corporate bank account for operational transactions
• Integration with PSPs and e-wallets
• Crypto settlements, including stablecoins

Ongoing Compliance Obligations

• Maintain AML/KYC programs
• Keep transaction records and audit trails
• Renew the license annually
• Notify FSC of significant changes

Who Is This License Suitable For?

• Cryptocurrency exchanges and trading platforms
• Brokerage and OTC desks
• Wallet and custody service providers
• Token issuers and blockchain infrastructure projects
• Startups and fintech companies targeting the EU

Step-by-Step Process to Launch Your Bulgarian Crypto Company

Starting a crypto business in Bulgaria involves clear, actionable steps:

1. Feasibility Assessment: Review business model, target market, and regulatory gaps
2. Company Formation: Register LLC or JSC in Bulgaria with proper corporate documentation
3. Compliance Framework: Draft AML/KYC policies, internal controls, and risk procedures
4. Regulatory Submission: Submit all documentation to FSC for CASP approval
5. Banking & Payment Setup: Open corporate accounts, integrate payment providers, and enable crypto settlements

Following these steps ensures reduced regulatory delays and a smooth path to licensing.

FAQ — Crypto License in Bulgaria (2026)

Is the license available for foreigners?

Yes, non-residents can incorporate a Bulgarian company and apply as a CASP.

How long does the process take?

Approximately 2–3 months including company setup and licensing.

Can I open a bank account with this license?

Yes, the license improves credibility; final approval depends on the bank’s risk policies.

What is the total first-year cost?

€28,000 – €45,000 depending on advisory and compliance services.

Is Bulgaria suitable for startups?

Yes, Bulgaria offers cost-efficient EU market entry, fast licensing, and operational flexibility.