Iudara

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
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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

CasinoSportsbookPoker

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