Bulgaria is a rapidly growing economy located in southeastern Europe, with a population of around 7 million people. The country has made significant strides in recent years to improve its business and financial sector, making it an attractive destination for foreign investors.

One of the main advantages of doing business in Bulgaria is its strategic location, which provides easy access to markets in Europe, Asia, and the Middle East. The country also has a highly educated and skilled workforce, with a strong focus on science, technology, engineering, and mathematics education.

In addition to its favorable location and workforce, Bulgaria has implemented a range of economic and financial reforms to make it easier to do business. Bulgarian national programme aims at transforming the country into a digital society and economy by 2025. The programme is based on four main pillars: digital infrastructure, digital skills and education, digital public services, and digital economy. Bulgaria has a flat tax rate of 10%, which is one of the lowest in Europe, and has made significant progress in reducing bureaucracy and streamlining business regulations.

The financial sector in Bulgaria is also growing, with a number of local and international banks operating in the country. The Bulgarian Stock Exchange has seen significant growth in recent years, and the country's capital, Sofia, has become a hub for fintech startups.

It is important to understand that cryptocurrencies in Bulgaria are not overseen by any financial regulatory body and are not recognised as electronic money or financial instruments. Therefore, there Bulgarian supervisory authorities do not issue licenses to crypto companies. However, companies that offer exchange services between virtual and fiat currencies or provide custodial wallet services must register and obtain an authorisation from the Bulgarian National Revenue Agency for anti-money laundering purposes. The cost of the registration process is relatively low compared to other European countries, and the procedure is faster and simpler. The corporate income tax rate in Bulgaria is 10%, and the dividend tax rate is 5%. Crypto assets are not subject to VAT.