EU-Regulated National
Bulgaria licence.
NRA
Operators with serious CEE/Balkan thesis.
What the regulator asks for
Year one cost
€200k-€400k Year 1
One-time casino fee BGN 300,000 (~€153k). Variable state licence-fee component. Local entity required.
Timeline
6-12 months
NRA (formerly State Commission on Gambling, post-2020 reform) handles licensing.
Gaming tax
20% GGR online. Variable state licence-fee component rising 20% to 25% effective 1 January 2026 under proposed Budget Law (adds ~€56m/year to state revenue).
Marketing climate
Moderate.
The market
Bulgaria reformed its gambling regulator in 2020, moving from the State Commission on Gambling to the National Revenue Agency (NRA).
How the application runs
NRA application, Bulgarian entity, technical certification.
Ongoing compliance
Self-exclusion register. AML under Bulgarian framework.
What you can and cannot say
Moderate restrictions.
The honest read
What it means for your plan
Smaller market. The 2026 fee hike is symbolic vs deficit context. Not a primary entry market for international groups.
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