All jurisdictions
BG · Tier 2
Bulgaria
Bulgarian National Revenue Agency (NRA) online gambling licence — used as an EU-base by some operators, lower prestige than western EU.
At a Glance
- Setup
- €20K–€40K
- Annual
- €100K+
- Timeline
- 20–28 weeks
- Tax
- 20% GGR
- Markets
- Bulgaria
- Tier
- 2
UNVERIFIED — figures for guidance only. As of 10 June 2026. Verify with the regulator before making licensing decisions.
What works here
Opportunities
- +Operators wanting an EU licence at a lower fee base than the West
- +Brands targeting the Bulgarian and adjacent Balkan markets
What to watch
Watch-outs
- !Bulgarian entity requirement and on-the-ground substance expectations
- !Lower PSP and bank acceptance than Malta or Spain
Permitted Verticals
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