Bulgarian VASP
Key Details:
-License Jurisdiction: Bulgaria, issued by the National Revenue Agency (NRA)
-Date of Issuance: 06.2023
-Status: Active
Scope of License:
-Exchange services between virtual currencies and recognized currencies
-Custodial wallet provider services
Operational Details:
-Bank Accounts: Yes
-Team Structure: Single shareholder
-Connected Providers: None
Jurisdiction Advantages:
-Low capital requirements and operational costs
-Corporate tax rate of only 10%
–Provides access to the entire EU market under passporting regulations
Favorable Regulatory Environment:
-Clear, straightforward licensing process
-Alignment with EU AMLD 5 and 6 standards
Low Capital Requirements: Minimal financial barriers for startups
