Blockchain and Cryptocurrency

Why Bulgaria

Bulgaria has established itself as a practical and efficient base for crypto and blockchain businesses seeking access to the European Union market. Companies incorporated in Bulgaria benefit from EU market access while operating in a jurisdiction known for competitive costs and a technology-friendly environment.

Regulatory oversight in Bulgaria is structured and transparent. Authorities are familiar with fintech and technology-driven business models, and engagement with regulators is generally predictable. This makes Bulgaria particularly attractive to early-stage and scaling crypto businesses looking to establish compliant operations without unnecessary complexity.

From a commercial perspective, Bulgaria offers one of the most favourable cost structures in the EU. Low corporate tax rates, affordable labour and moderate living costs allow crypto businesses to focus resources on development, compliance and growth.

Sofia, in particular, has developed into a recognised technology hub, with a strong pool of software engineers, blockchain developers and cybersecurity specialists. Many crypto projects choose Bulgaria as a base for testing, development and EU expansion.

Regulatory Landscape

Crypto and blockchain businesses operating in the EU are now subject to a harmonised regulatory framework following the introduction of MiCA. The regulation sets common standards for licensing, governance, capital requirements and consumer protection across Member States.

Bulgaria has adopted national legislation implementing MiCA and is in the process of aligning its supervisory practices with the EU framework. For businesses established locally, this provides regulatory clarity and a clear pathway to authorization, allowing them to operate under a domestic license and benefit from EU passporting rights once authorized.

Alongside MiCA, crypto businesses must comply with strict AML and counter-terrorist financing rules. Supervisory focus across the EU continues to increase, particularly in relation to customer due diligence, transaction monitoring and source-of-funds verification.

Our role is to help clients understand how these rules apply in practice, assess regulatory risk at an early stage and implement compliance frameworks that are proportionate, workable and aligned with business objectives.

Who We Advise

Crypto Startups and Founders

We advise founders at every stage of a crypto project, from initial structuring and regulatory planning to licensing, fundraising and expansion. Our advice is commercially focused and designed to support growth within a regulated environment.

Exchanges and Custodians

We assist exchanges, wallet providers and custodians with licensing, ongoing compliance, AML obligations and regulatory engagement, including cross-border operations within the EU.

Funds and Institutional Investors

We work with crypto funds, venture capital firms and institutional investors on structuring, regulatory assessments, due diligence and compliance matters relating to digital asset investments.

High-Net-Worth Individuals

We advise private clients holding crypto assets on tax considerations, succession planning, regulatory exposure and the use of digital asset proceeds for investments such as real estate.