Obtain a CASP authorisation in Bulgaria under MiCA and gain access to the EU market. We guide you through every step, from company registration to regulator approval, fully remotely. Legal precision, transparent terms, and expert support ensure a fast and secure launch of your crypto business. Contact us today to start the process.
Obtaining a license in Bulgaria opens access to the entire EU market.
Application is filed with the FSC; BNB is involved only for e-money tokens/EMI.
The cost depends on the services provided and business scale, including prudential and capital requirements.
The entire process can be completed remotely with expert support.
Bulgaria combines European regulatory standards with cost-effective conditions for launching crypto businesses. National legislation is already aligned with MiCA, and a license obtained here grants access to the entire EU market. Transparent procedures, moderate expenses, and the option for remote setup make Bulgaria an attractive choice for both startups and established operators.
Lower administrative fees, while regulatory requirements are harmonized under MiCA.
License is valid in all European Union countries.
Licensing process follows MiCA rules with predictable timelines.
Transitional period for existing companies applies until July 2026.
Since 8 July 2025, Bulgaria has implemented a single MiCA-compliant licensing regime for crypto businesses. All crypto-asset service providers must obtain a CASP license from the Financial Supervision Commission (FSC). Issuers of e-money tokens (EMT) are also supervised by the Bulgarian National Bank (BNB).
CASP license
This license is required for companies providing crypto-asset services, including custody, exchange, transfer, operation of trading platforms, and advisory services. Applicants must meet minimum capital requirements (€50,000 to €150,000, depending on the services and prudential safeguards equal to the higher of that minimum or ¼ of prior-year fixed overheads), implement AML/CFT, ICT security, and corporate governance policies. An FSC-issued license automatically grants the right to operate across all EU Member States under MiCA's passporting provisions.
Bulgaria cryptolicense cost
We offer transparent service packages covering all stages of obtaining a CASP license in Bulgaria. The cost depends on the scope of services, business model complexity, and type of licensed activity.
Basic package
This package is suitable for companies planning to provide a limited range of services, such as crypto exchange or custody. It includes basic compliance support and preparation of all required documentation for submission to the FSC.
Company registration in Bulgaria with a legal address
Preparation of AML/CFT policies and internal procedures
Drafting and submitting the complete application package to the FSC
Advanced package
This package is designed for companies with more complex service structures, including e-money token (EMT) issuers, DeFi projects, or multi-service platforms. It offers in-depth legal analysis, comprehensive internal control systems, and full regulatory communication support at all stages.
Detailed analysis of the business model and its MiCA classification
Development of ICT documentation and cybersecurity plans
Drafting investor protection and risk management policies
Representation before the FSC and, if applicable, the BNB
Post-licensing support and ongoing MiCA compliance monitoring
Requirements for a company to get a cryptocurrency licence
In Bulgaria, obtaining a CASP license is regulated by the Bulgarian MiCA Act, effective 8 July 2025. All requirements align with EU Regulation 2023/1114 (MiCA) and cover financial, organizational, and technical standards.
Incorporation of a legal entity in Bulgaria with a valid address.
Appointment of directors and AML officers with a clean record.
Minimum capital of €50,000–150,000 depending on services and prudential safeguards equal to the higher of that minimum or ¼ of prior-year fixed overheads.
Development and implementation of AML/CFT and risk management procedures.
Preparation of ICT documentation and cybersecurity plans.
Submission of business plan and financial forecasts to the FSC.
Compliance with GDPR and consumer protection requirements.
Process of getting crypto license in Bulgaria
The average timeframe for obtaining a CASP license in Bulgaria is between 3 and 6 months. The exact duration depends on the complexity of the business model, readiness of internal procedures, and completeness of the application dossier. The Financial Supervision Commission (FSC) is the competent authority for CASP licensing, while the Bulgarian National Bank (BNB) supervises issuers of e-money tokens (EMTs). Under MiCA, regulatory deadlines are set at up to 60 business days for CASP applications and up to 40 business days for specific authorisations, though national practice may include additional queries and steps.
Stage 1: pre-application assessment
This stage is crucial for identifying exactly which activities your company intends to offer and how they are classified under MiCA. A detailed review of your business model is carried out to determine applicable capital requirements and assess potential regulatory risks. Based on this, a documentation list and submission schedule are prepared.
Classification of services (custody, exchange, transfer, platform, advice)
Determination of capital requirements and key internal control measures
Drafting of a documentation roadmap and assigning responsible persons
Stage 2: incorporation of a Bulgarian company
MiCA requires that applications be filed by a legal entity established in an EU Member State. In Bulgaria, this means creating a company with a registered local address and demonstrating «substance» - actual presence. At this stage, directors and AML/CFT officers are appointed, and ultimate beneficial ownership is disclosed.
Registration of the legal entity and entry into the commercial register
Appointment of directors and an AML officer with proven competence
Registration of UBOs in the national beneficial ownership register
Drafting of internal corporate policies and role descriptions
Stage 3: dossier preparation
Once the company is incorporated, work begins on compiling the complete application dossier for the FSC. This includes AML/CFT policies, risk management procedures, ICT documentation, a business plan, and financial forecasts. Special attention is given to describing the technical infrastructure and data protection measures.
Drafting and approval of AML/CFT policies
Description of operational and market risk management measures
Preparation of cybersecurity and business continuity plans
Business plan with 3-5 year financial projections
Detailed description of IT architecture and data protection mechanisms
Stage 4: applying with the FSC (and BNB if required)
The application is submitted only when the dossier is complete and reviewed for MiCA compliance. The FSC is the competent authority for CASP licensing, while BNB handles EMT authorisations. Once submitted, the authorities conduct a formal check of completeness and accuracy.
Filing the CASP application with all mandatory attachments to the FSC
For EMT issuers – parallel filing and coordination with the BNB
Initial review of completeness and compliance with MiCA
Registration of the filing and designation of a regulatory contact person
Stage 5: correspondence with the regulator
Following submission, the FSC and/or BNB may send requests for clarification on specific elements of the dossier. Timely and comprehensive responses are crucial for meeting MiCA deadlines. If needed, policies, process diagrams, or technical documents are updated to address regulator concerns.
Preparing responses to requests for information and supplying evidence
Making adjustments to documents as required by the regulator
Updating process diagrams and IT system flowcharts
Confirming operational readiness of key functions before approval
Stage 6: decision, registration, and operational launch
After all checks are completed, the FSC issues the decision granting the license. The company is entered into the national CASP register and gains the right to offer services across the EU under the MiCA passporting regime. The final step is opening corporate accounts and launching operations.
Receiving the positive decision within MiCA deadlines (60/40 business days)
Entry into the national and EU-wide CASP register
Opening corporate accounts with banks or EMIs that meet AML standards
Launching operations and submitting the first regulatory reports
Why register cryptolicense in Bulgaria?
Bulgaria offers one of the most accessible and transparent routes to obtaining a CASP license under MiCA. The country combines clear legislation, moderate costs, and the ability to passport the license across the EU, making it attractive for both startups and established market players.
EU passporting
A CASP license issued by the FSC in Bulgaria grants the right to provide services in all EU and EEA countries without separate authorisations in each jurisdiction. This allows companies to scale faster and reduce market entry costs. In 2025, MiCA is in force and passporting applies uniformly across the EU.
Full MiCA compliance
Bulgaria has aligned its national legislation (BG MiCA Act) with EU Regulation 2023/1114. The FSC is the competent authority for CASPs, and the BNB oversees EMT issuers, ensuring clear allocation of supervisory roles. This clarity reduces regulatory uncertainty and speeds up application reviews.
Competitive costs
Registration and annual supervisory fees in Bulgaria are lower than in most Western European countries. The cost of preparing and supporting the license, including legal and accounting services, is also relatively low. This is especially beneficial for early-stage companies with limited budgets.
Transitional provisions
Companies already operating before the BG MiCA Act came into force can continue under their previous NRA registration until 1 July 2026. This allows businesses to adapt to the new MiCA standards without interrupting operations. Such a transition period mitigates risks for existing players.
Remote-friendly process
All key steps, from company incorporation to obtaining the CASP license, can be completed remotely via a power of attorney. This is convenient for international clients seeking EU market entry without relocating staff or infrastructure.
Why choose Key2Law for cryptocurrency licensing in Bulgaria
We help companies obtain a crypto license in Bulgaria quickly, lawfully, and without unnecessary risks. Our team guides you through every step, from document preparation to operational launch, ensuring full compliance with MiCA and FSC requirements. We work on a turnkey basis, providing transparency at every stage.
Comprehensive support
We manage the entire process: from selecting the right corporate structure and preparing the document package to company registration and license application. Clients don’t need to navigate complex legal matters or spend time dealing with authorities. All procedures are performed strictly in line with current legislation, eliminating the risk of costly mistakes.
MiCA expertise
Our team has in-depth knowledge of the EU Regulation 2023/1114 (MiCA) and Bulgaria’s national requirements. We adapt the client’s business model in advance to meet regulatory standards. We also address nuances that could cause delays in the review process, ensuring they are resolved during preparation.
Risk mitigation
We conduct a thorough pre-filing review of all documents and information to avoid errors that could lead to rejection. Where necessary, we arrange preliminary consultations with the regulator to clarify and resolve potential issues. This approach significantly increases the likelihood of first-time approval.
Local and international presence
Key2Law maintains a partner network and strong relationships with banks, notaries, and public authorities in Bulgaria and across the EU. This enables us to expedite procedures and provide additional services — from opening accounts with European banks to tax planning for cross-border operations.
Remote-friendly process
We can arrange the entire licensing process remotely. Documents are prepared in digital form, and signing and submission are carried out using a qualified electronic signature. This is especially convenient for international companies aiming to enter the Bulgarian market without the need for travel.
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