Open a Cryptocurrency Company in Bulgaria
Open a Cryptocurrency Company in BulgariaUpdated on Sunday 28th October 2018
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Cryptocurrencies are virtual currencies that allow for extremely secure financial transactions and the verification of the transfer of assets. The Bitcoin is the standard in the industry, however, other currencies have started to appear as the field develops.
Investors can open a cryptocurrency company in Bulgaria that provides different services to cryptocurrency users, such as wallets and exchange services. Starting a company in Bulgaria is a relatively simple process and foreign investors can request the services offered by our law firm in Bulgaria.
Cryptocurrency companies in Bulgaria
Cryptocurrency companies can engage in one or more of the following activities:
- - crypto creation services: the development of software, engaging in crypto-mining and the development of new cryptocurrencies.
- - digital wallet: essential for those who own cryptocurrencies, it is used to store, receive and transfer the currencies
- - exchange: this is a platform designed for users who trade digital currencies that has certain security features.
- - payment solutions: efficient solutions for merchants who wish to be paid in cryptocurrencies, allows usage throughout retail locations and for e-commerce purposes.
It is important to note that there are no specific regulations regarding cryptocurrencies n Bulgaria, only a statement that the income for individuals who trade in these currencies is to be stated in the annual tax return. One of our attorneys in Bulgaria can give you more information on the current laws and regulations.
Law firm Bulgaria services for company formation
Our team of lawyers can help you throughout the steps needed to open a cryptocurrency company in Bulgaria. Registration with the Business Register is mandatory for companies and our local lawyers can help you during this process, as the language can be a barrier for foreign investors.
Contact our law firm in Bulgaria for complete details about the services we provide and to schedule an appointment with us if you want to open a company.