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