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Set up a Cryptocurrency Company in Bulgaria

Updated on Friday 15th December 2017

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Set-up-a-Cryptocurrency-Company-in-Bulgaria.jpgBulgaria is one of the numerous countries which have aligned with the financial technology and requirements on the digital market. There are numerous websites which offer cryptocurrency payments for clients who prefer the bitcoin instead of other types of electronic payment. In completion of the requirements nowadays, investors can direct their attention to cryptocurrency companies in Bulgaria and generate profits in this important domain. For each type of company you want to register in Bulgaria, you can solicit information and assistance from our Bulgarian company formation agents.
 

The meaning of cryptocurrency in Bulgaria

 
Cryptocurrency is a legal method of payment which is supervised by the Bulgarian National Bank. In other words, this digital currency is a form of payment without involving liquid money in a transaction. The Bitcoin is the first decentralized cryptocurrency with roots in Japan and developed worldwide in a fast manner, including in Bulgaria. Opening a cryptocurrency company in Bulgaria as a foreign entrepreneur is subject to the main conditions imposed for any type of company in the country, considering also the special licenses and permits imposed in the financial sector. Even though cryptocurrency is not used on a large scale, it has sufficient potential to develop and Bulgaria is open to all kinds of investments in the financial sector, including the one related to the electronic form of payments.
 

Conditions to open a cryptocurrency company in Bulgaria

 
Investors who want to set up cryptocurrency companies in Bulgaria should ask for support and information from our specialists in company formation in Bulgaria in matters of documents and varied conditions. One should consider the following aspects when deciding on a cryptocurrency company set up in Bulgaria:
 
•    sign a contract with a Bulgarian bank;
•    respect the rules and regulations imposed by the National Bank of Bulgaria;
•    adopt a secured method of currency exchange with no hidden conditions or fees;
•    offer client support;
•    create Bitcoin applications for clients.
 

Who can use cryptocurrency in Bulgaria?

 
E-commerce businesses in Bulgaria can offer varied payment methods. The cryptocurrency can be easily implemented on websites with activities in the retail sector. Even more, the cryptocurrency can be used as an alternative method of payment in restaurants, bars, pubs or hotels in Bulgaria
 
Business persons interested in opening a cryptocurrency in Bulgaria and the rules in this matter are invited to contact our company formation representatives in Bulgaria.
 
 
 

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