Question 1

How long does a CASP license take in Bulgaria?

Accepted Answer

Bulgaria typical CASP authorization timeline: 6–9 months typical processing time. This covers the NCA review period once the application is declared complete. Preparation time is separate and can be reduced to 4–8 weeks using Micahub.

Question 2

How much does a CASP license cost in Bulgaria?

Accepted Answer

Indicative NCA fees in Bulgaria: €10,000–€40,000. Total cost includes legal and document preparation, which can be reduced by 60–80% using Micahub's automated application platform. Traditional consulting typically costs €150,000–€500,000.

Question 3

Which regulator oversees CASP licenses in Bulgaria?

Accepted Answer

The National Competent Authority for MiCA CASP authorization in Bulgaria is FSC / BNB (Financial Supervision Commission and Bulgarian National Bank). Applications are submitted to FSC / BNB, which reviews and issues the authorization. A Bulgaria CASP license provides EU passporting rights across all 30 EEA member states.