License Jurisdiction:
Bulgaria, issued by the National Revenue Agency (NRA)
Exchange Services: Facilitates the exchange between virtual currencies and recognized fiat currencies.
Custodial Wallet Provider Services: Offers secure wallet solutions for holding digital assets.
Operational Details:
- Bank Accounts: Operational bank accounts are established.
- Team Structure: Single shareholder model.
- Connected Providers: None.
Jurisdiction Advantages:
- Low Capital Requirements: Ideal for startups with minimal financial barriers.
- Corporate Tax Rate: Only 10%, among the lowest in the EU.
- Market Access: Full access to the EU market through passporting regulations.
- Favorable Regulatory Environment:
- Clear Licensing Process: Straightforward and efficient.
- EU Standards Compliance: Fully aligned with EU AMLD 5 and 6 standards for anti-money laundering.