Eternity Law International — News — Crypto license in Bulgaria

Crypto license in Bulgaria

Published:
June 8, 2023

The Bulgarian’s CB together with the Commissions for Supervision of Financial’s Operations is the controlling body for the corporations working in cryptosphere. Both structures work with crypto-currency businesses in Bulgaria as well as other controllers in EU-member-states.

Besides these bodies, there is also crypto-regulation in Bulgaria. The Bulgarian’s demand is the NRA, they allocate surcharges and accumulate receivableses. To start actively using cryptocurrency and other innovative-technologies in the countryside there was a disclosed program “Digital Bulgaria-2025”, but it will start working only in 2 years. So far, in this countryside, you can find very favorable conditions for obtaining a Bulgaria crypto license and working in this market.

Spokespeople of the regulator point out that it is critical to obtain a crypto license in Bulgaria for those corporations that are engaged in:

  • dealings operations with crypto-assets;
  • dealings of crypto/fiat wallet;
  • cryptocurrency-transaction protection services for clients;
  • crypto-assets depository services.

It’s important to understand that without having critical permission, corporations will not be able to operate. It can be obtained only from the Bulgarians controller’s. There’s also such an option as crypto license in Bulgaria for sale. It’s already a ready-for-use decision.

Ways to obtain crypto license Bulgaria: cryptocurrency’s regulation

For corporations to safely do crypto-activities in Bulgaria, they need to yield by local lawmaking. For corporations working in crypto activities in Bulgaria, it is necessary to comply with anti-money laundering’s law making and the fifth-EU-directive on the same subject.

The anti-money laundering’s law outlines mandatory procedures for corporations in the cryptobusiness intending to get crypto license in Bulgaria. Among them:

  • compulsory due industriousness at different levels (streamlined verification is possible at registration, advanced/complex later), provided that dealings over 15 thousand euro in equivalents;
  • compulsory recording of all dealings and keeping such info in electronic or printed docs;
  • constant evaluation of the imperilment of using the company for money-laundering or FCA;
  • obligatory notification of the state-security authorities when dealings amount to more than the coequal of 15,000 EUR;
  • disclosure of info about the persons involved in the dealing in case of disbelieving dealings.

Corporations intending to obtain crypto license in Bulgaria need to understand that crypto in Bulgaria is not supposed financial-instruments. They are supposed commodities and therefore all such dealings are subject`s to local trade-lawmaking.

Benefits of Getting Bulgaria Crypto License

The lawful entities will be getting a crypto license in Bulgaria may not be the hardest task. However, you can`t start to conceive of all functions by obtaining a crypto license in Bulgaria or its equivalent. Crypto’s exchanges and service-providers need to obtain crypto-authorization in Bulgaria. For its purpose, the corps is noted in a special public-registry and receives the appropriate certification. It replaces the classical cryptolicense.

Co-founders of crypto-businesses benefit from accepting the docs in Bulgaria, cause:

  • there is no prerequisite to hiring local-staff;
  • faster turnaround time for the apps;
  • ability to apply remotely;
  • no-compliance prerequisites;
  • the start-up capital can be only 2 BGN or 1 EUR.

Prerequisites for docs

To get crypto license in Bulgaria, it is necessary to apply to the controller. The immediate crypto licensing process in Bulgaria is one of the easiest and goes as quickly as possible. The corporations needs to provide the following info along with the apps:

  • data about the enrollment of the legal-entity (including the name, physical address, and email);
  • info about the co-founders of the corporation;
  • info about a contact-person, including phone number and e-mail;
  • registrations certificates with a exceptional regulation, which is specified in the Commercial-Register;
  • data on opened accounts and availability of funds on them (including accounts in foreign banks);
  • characterization of corporation processes and exchange service for crypts;
  • list of countries for which dealing is to be opened.

Who can help to get crypto license in Bulgaria quickly 

Many people may think that applying for a license is quite simple. But even given the lack of strict requirements, many companies try to get it on their failure to achieve their goals. That’s why it’s worthwhile to turn to our employees. Each of them has been repeatedly worked on by the Bulgarian regulator, so we know exactly the requirements for obtaining a license throughout Europe. With our help, you will get crypto license in Bulgaria in the fastest way: you’ll acquire your application faster than your competitors, because we will check all the docs beforehand and help you to prepare well for the apps for the permission. We may also offer you crypto license in Bulgaria for sale.

Do crypto-activities require a license in Bulgaria?

Corporations that plan to work in this field need to obtain crypto license in Bulgaria from the local regulator before starting their work.

What’s the process of getting a crypto-license in Bulgaria?

To acquire this permission, you need to enlist a corporation and apply for cryptoauthorization. It is also essential to start with the essential documents and prescribe internal-procedures for combating illegal transactions.

What crypto activities does Bulgaria’s crypto license allow?

It allows crypto dealings operations by different coins, crypto-exchange for fiat-money, and cryptostorage or protection services.

How long does it take to get a cryptolicense in Bulgaria?

The time for apps to receive the decision from the regulators should not take more than a month.

What info must be included in the apps for a Bulgarian crypto-license?

Info about the legal-entity, its founders, and types of usefulness, like the annex with the checklist of countryside where you will be conducted.

Can cryptocompanies be owned by non-residents of Bulgaria?

This is acceptable because the controller doesn`t require citizenship of the co-founders of legal-entities.

What docs are required to open a cryptocurrencys corporation in Bulgaria?

Notary copy of articles of incorporation, legal-entity-registration permit, passport copies of co-founders and directorate, and bank statement.

Can docs for a Bulgarian crypto-company enrollment be submitted in English?

The docs for the regulator should be submitted in Bulgarian language.

What are the benefits of the option to obtain crypto license Bulgaria?

Fast execution of the permission, possibility to apply online, loyal prerequisites, the min capital-required, and the law duties.

Does Bulgaria have any measurements in place to prevent money-laundering and the financing of terrorism?

All crypto-dealings are thoroughly analyzed for possible illegal dealings considering EU-standards.

Businesses for sale

Bulgarian crypto license for sale

Europe, Bulgaria Crypto licenses for sale
The following is an opportunity to buy crypto license in Bulgaria. Please review the primary information regarding this deal. Crypto license in Bulgaria for sale: details of the transaction Registered Address: The purchase of the company includes a registered address for 12 months. Documentation: The proposal includes an apostilled and sworn translated set of documents...

Crypto license in Lithuania for sale

Europe, Lithuania Crypto licenses for sale
Below you can see the information regarding the ready-made company with crypto license and bank account in Lithuania for sale This company with crypto license in Lithuania for sale – whats included: License: cryptocurrency and wallet exchange operator. The company has the right to provide cryptocurrency wallet services, exchange cryptocurrency for fiat or vice versa and...

Crypto license in Slovakia for sale

Europe, Slovakia Crypto licenses for sale
This is a new investment opportunity – сrypto license in Slovakia for sale. Please check out the main details regarding this proposal  below. Crypto license for sale: key considerations Clean cryptocompany in Slovakia registered in 2021; Crypto exchange, Virtual wallet, ICOs, IEOs, IDOs; Company is also capable of doing tokenization; Company has its own bank...

You could be interested

Permanent residence permit

Only by observing certain requirements, you can get a residence permit. They should be read in order to have an understanding of how to get a positive result in solving the resulting problem in the future. If you have any questions and need advice, you can contact a lawyer. He will help you understand this...

Status Check in Interpol Database in Italy

From the very beginning it is notable to mention that when it comes to lawful matters, particularly concerning multinational policing organisations, figuring out your status in the Interpol database can be vitally important. Depending on whether you’re a resident or a visitor in Italy. It is obvious that knowing how to verify your Interpol record...

Differences in payment licenses in the UK

The most widely applied licenses for the UK firms engaged in the FinTech sector are the two non-banking PSP authorizations: PI License and EMI license. They both give authorizations to engage in the delivery of the main monetary services that allow servicing a wide range of businesses. Thus, businesspersons may hesitate between the EMI and the...

Crypto license in Malta

At one of the leading blockchain conferences of 2018, the Prime Minister of Malta officially announced innovative regulations, highlighting the country’s desire to become a progressive blockchain island. Over the past year, our team actively interacted in panel discussions, making official proposals for regulating blockchain projects in this jurisdiction. With extensive expertise, we’re ready to...

How To Setup a Company in DMCC Free-Zone

Dubai Multi Commodities Centre (DMCC), established in the heart of Dubai in 2002, is one of the most prestigious and rapidly growing free-zones globally. With over 15,000 registered enterprises from various industries, DMCC is a hub for global trade, attracting entrepreneurs and corporations aiming to tap into the Middle Eastern and global markets. The allure...

MSB License in Canada

Introduction Within Canada’s dynamic financial landscape, Money Services Businesses (MSBs) stand as crucial enablers of a broad array of financial transactions. These enterprises span a spectrum of services, encompassing activities such as currency exchange, money transfer, and payment processing. To ensure compliance with Canadian regulations, it is imperative for MSBs to secure the requisite licenses....

Related posts

Company Liquidation in Bulgaria

The act of liquidating a company in Bulgaria manifests as a meticulously orchestrated juridical ceremonial entailing the cessation of a mercantile fellowship and the propitiation of all lingering indebtedness. Whether incited by impecunious predicaments, sagacious adjudications, or legislative transmutations, liquidating a company in Bulgaria necessitates fealty to stringent forensic protocols. Proprietors must peregrinate through a...

Bulgaria Authorised Crypto Companies

The rapid expansion of the cryptocurrencies has opened up new avenues for organisations worldwide. Financiers willing a strategic and regulated sphere to establish their tokenized ventures often turn to this direction. Known for its business-friendly policies, low taxes, and robust legislative scheme, this jurisdiction proposes unparalleled capabilities for tailoring, setting up, and functioning this type...

Investments in Bulgaria

Bulgaria has long been appealing for its heritage for tourists and locals. However, a developing economy can also improve investor evolving in state. Investments in Bulgaria are quite a promising commercial direction, since this jurisdiction can offer many potential possibilities for realization of certain business plans, as well as a lot of privileges. For example,...

Ready-made company in Bulgaria

Entrepreneurs who want to quickly enter the international market and become part of a rapidly developing commercial space can take advantage of the option of buying a ready-made company with a VAT number in Bulgaria. This is an economically stable and reliable jurisdiction, which is considered to be a fairly affordable business base. Ready tax...

Company registration in Bulgaria

Registration of company in Bulgaria Businesspersons intending to launch commercials in Europe consider company registration in Bulgaria as a profitable variant regarding state location, a favorable legislative basis for organization foundation and low tax rates. Deciding register company in Bulgaria, executives may count on next-mentioned profitables and benefits: excellent reputation; full compliance with EU norms...

Registration of a company in Bulgaria

Bulgaria belongs to the rapidly developing Eastern European states – not only in the cultural, but in the political and economic sense of these words. It is especially interesting in terms of building and expanding personal entrepreneurial activities. To date, special services for registering an organization in the Bulgarian state are considered to be among...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: