Bulgaria offers a unique opportunity for entrepreneurs seeking to establish a Virtual Asset Service Provider (VASP) business. Unlike many other jurisdictions, Bulgaria does not currently require a specific cryptocurrency license to operate. This eliminates a significant hurdle for businesses looking to enter the market quickly and efficiently. The country’s strategic location, favorable business climate, and evolving regulatory landscape make it an attractive destination for blockchain and cryptocurrency businesses looking to establish and grow their presence in the European market.
Key Advantages:
- No Special Crypto License Required: Operate legally without obtaining a dedicated cryptocurrency license.
- AML Compliance Essential: Anti-Money Laundering regulations are in place, ensuring a safe and secure business environment.
- EU Market Access: Tap into the vast European Union market for potential customers.
- Low Corporate Tax: Bulgaria boasts one of the lowest corporate tax rates in the EU at just 10%.
- Simplified Business Formation: Register your company remotely with minimal requirements.
- Cost-Effective Operations: Enjoy lower operating costs compared to other EU countries.
- Potential for Multiple Services: Offer a range of services, including exchange, storage, and payments (subject to additional licensing).
Get in touch with us to learn more about becoming a VASP in Bulgaria
