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Author: WFO Team

Crypto Company Formation in the EU: Which Jurisdiction is Right for You?
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Crypto Company Formation in the EU: Which Jurisdiction is Right for You?

by WFO Team 09.03.2307.04.23

We are all about helping you inform better business decisions, this is why we have Compared 13 Jurisdictions in the EU for setting up a crypto company.

Cryptocurrency is a rapidly growing industry with a global impact, and Europ

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Off-shore company: everything you have to know.
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Off-shore company: everything you have to know.

by WFO Team 08.03.2329.03.23

Firms based outside of the nation in which their headquarters are located are known as offshore corporations.

In all of the well-known offshore financial centres and tax havens, forming an offshore corporation is a simple pro

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Traditional banking v digital payment solution providers.
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Traditional banking v digital payment solution providers.

by WFO Team 07.03.2329.03.23

The shift of retail banking consumers from traditional banking solutions to new digital banking service providers is one of the fastest-growing areas of the financial services industry. It’s important to remember th Read more

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Entry Denied – The barriers for new companies in the EU crypto sphere
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Entry Denied – The barriers for new companies in the EU crypto sphere

by WFO Team 06.03.2307.04.23

In recent years cryptocurrencies reached unprecedented heights in terms of both popularity and value. But still, Many new players looking to enter the crypto market face significant obstacles.

While individual traders and

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The future of the crypto industry in Bulgaria – Digital Bulgaria 2025
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The future of the crypto industry in Bulgaria – Digital Bulgaria 2025

by WFO Team 06.03.2305.04.23

What Digital Bulgaria 2025 mean?

Bulgaria, like many other countries, is undergoing a digital transformation, and a key part of this transformation is the development and implementation of a regulatory framework for the dig

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Fintech and You: The Benefits of Digital Banking
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Fintech and You: The Benefits of Digital Banking

by WFO Team 05.03.2329.06.23

Are you tired of spending countless hours managing your finances and navigating through the complex web of traditional banking services? You’re not alone. Welcome to the fintech revolution! In this era of instant grat

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Exploring the Evolution of Digital Banking
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Exploring the Evolution of Digital Banking

by WFO Team 05.03.2329.06.23

Digital banking has revolutionized the way we manage our money. Unlike the conventional approach, it harnesses the power of online platforms and mobile applications to provide convenient and accessible financial services

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Security First Future: Safeguarding Finances with Digital Banking
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Security First Future: Safeguarding Finances with Digital Banking

by WFO Team 05.03.2329.06.23

Imagine a world where you no longer need to worry about the safety of your hard-earned money. A utopia where you’re securing not only your present but also your future, all with the touch of a button. Sounds too good to be tru

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What is the PSP licence, and how do they obtain them? How to become PSP licensed or PSP/EMI?
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What is the PSP licence, and how do they obtain them? How to become PSP licensed or PSP/EMI?

by WFO Team 26.02.2329.03.23

As soon as a company wants to get into the payment industry, they’ll have to decide whether or not they’ll get an Electronic Money Institution (EMI) licence or become a Payment Service Provider (PSP).

 

Each o Read more

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Re-domicile the Company to Nevis and Saint Kitts – Is It Possible?
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Re-domicile the Company to Nevis and Saint Kitts – Is It Possible?

by WFO Team 25.02.2316.05.23

Nevis is a small island located in the Caribbean Sea. It is part of the Federation operated by St Kitts and Nevis. Businesses that want to locate their company in Nevis can do so under the Nevis Business Corporation Ordinance Act.

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IBC Closure in Dominica: What Does It Mean for You?
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IBC Closure in Dominica: What Does It Mean for You?

by WFO Team 24.02.2316.05.23

If you’re a fan of offshore businesses, you might want to pay attention to this latest news. The Commonwealth of Dominica announced on June 8th, 2021, that it was closing its International Business Companies (IBC) regis

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IT “Hotspots” for global incorporation
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IT “Hotspots” for global incorporation

by WFO Team 23.02.2323.05.23

Whether you want to expand your IT business globally or looking to relocate, there is a wide range of factors you need to consider before moving to an offshore jurisdiction. Different countries around the globe have different r

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Why More Exporters Are Choosing Bulgaria as Their Gateway to the EU?
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Why More Exporters Are Choosing Bulgaria as Their Gateway to the EU?

by WFO Team 23.02.2323.05.23

For many exporters, the European Union is a prime target for their products and services. Among all the potential gateways to the EU, Bulgaria stands out as a highly attractive option. There are numerous reasons why more busine

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Why are IT companies moving Offshore More Than Ever Before?
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Why are IT companies moving Offshore More Than Ever Before?

by WFO Team 22.02.2322.05.23

As the world becomes increasingly digital and technology-driven, IT companies are choosing to move their operations offshore more and more. 

This shift in strategy has been happening for a while now, but the recent pandemic h

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Balancing Innovation and Risk: The EU’s Approach to Regulating Crypto Assets
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Balancing Innovation and Risk: The EU’s Approach to Regulating Crypto Assets

by WFO Team 22.02.2323.05.23

Regulators across the European Union are not on the same page regarding how best to regulate cryptocurrencies.

With so many different approaches being taken by regulators in different countries, it is no wonder that confusio

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How To Deal With Tax-Related Matter That Involves Your Privacy
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How To Deal With Tax-Related Matter That Involves Your Privacy

by WFO Team 22.02.2323.05.23

As the world progresses, so do the rules and regulations we must abide by.

We must follow countless regulations to keep our lives in order, and one of the most important ones is taxes.

While taxes may not be the most exciting topic t

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Is Bulgaria an Attractive Option for Setting up Your Crypto Company?
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Is Bulgaria an Attractive Option for Setting up Your Crypto Company?

by WFO Team 22.02.2323.05.23

When it comes to doing crypto-based business, no country is better than Bulgaria.

Bulgaria has a long and prosperous history, and its economy is booming. The business environment is friendly. The regulatory framework is cond

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A Comprehensive Guide to Registering a Company in the UK!
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A Comprehensive Guide to Registering a Company in the UK!

by WFO Team 22.02.2323.05.23

Are you ready to embark on a thrilling entrepreneurial journey? The United Kingdom beckons with its vibrant business landscape and boundless opportunities.

Whether you’re a budding entrepreneur or an established co

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A Step-by-Step Guide to Registering a Company in Cyprus
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A Step-by-Step Guide to Registering a Company in Cyprus

by WFO Team 22.02.2322.05.23

Embarking on a new business venture can be an exhilarating journey, especially when considering the vibrant market of Cyprus. Nestled in the heart of the Mediterranean, Cyprus offers a strategic location, a favorable busine

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An in-depth view of Taxation in Bulgaria
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An in-depth view of Taxation in Bulgaria

by WFO Team 21.02.2309.03.23

Taxes can be complicated, but it’s one of those matters that can make or break our business decisions. in this article, we try to shed light on the complete taxation system in Bulgaria. Let’s start with some of the basics

Income ta

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Tax numbers specific per country.
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Tax numbers specific per country.

by WFO Team 01.08.2229.03.23

UTR in UK

Using tax identification numbers, several nations’ tax authorities are able to trace and monitor individual tax accounts. Although the UK does not have a tax ID number, it does utilise two numbers that are assig Read more

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The eCommerce Sector in Bulgaria
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The eCommerce Sector in Bulgaria

by WFO Team 01.08.2209.03.23

The Bulgarian eCommerce sector growth in numbers

The E-commerce sector has grown from 21% to 35% in the last 5 years – according to The Bulgarian E-commerce Association, in 2019, more than 1,500,000 people shopped onlin

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Bulgaria and Crypto Have A Deeper Connection Then One Might Think
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Bulgaria and Crypto Have A Deeper Connection Then One Might Think

by WFO Team 30.07.2209.03.23

Bulgaria is a popular country for opening crypto-related companies thanks to its advanced regulations.
More than 1000 crypto companies have been incorporated in Bulgaria in the past couple of years
We have prepared this arti

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MiCA will be enrolled in 2024 – be ready for tomorrow, today!
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MiCA will be enrolled in 2024 – be ready for tomorrow, today!

by WFO Team 28.07.2207.04.23

The future of Crypto Regulation in the EU

If you are reading this, you are probably well aware of what MiCA is, and what are the implications on the crypto industry as a whole.

As thought leaders, we want to share our perspectives an

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Do’s and Don’ts when using an online service provider.
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Do’s and Don’ts when using an online service provider.

by WFO Team 21.03.2229.03.23

A company that provides a service through the Internet is known as an online service provider. Instead of including commercial communication service providers that provided Internet access and personalised services, the n Read more

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The 7 Biggest Risks of running a non-compliant crypto company
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The 7 Biggest Risks of running a non-compliant crypto company

by WFO Team 03.03.2207.04.23

Compliance with local regulations is critical for crypto companies.

Non-compliance can result in a range of significant risks that can impact a company’s operations, financial stability, and reputation.

These risk

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Bulgaria, one of the easy-going countries in Europe to open a business.
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Bulgaria, one of the easy-going countries in Europe to open a business.

by WFO Team 03.03.2229.03.23

Regardless of whether the investor is a local or foreigner, the process of registering a business in Bulgaria is the same for both. When planning to stay in the nation for an extended amount of time in order to do business, foreign Read more

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Payroll in Bulgaria
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Payroll in Bulgaria

by WFO Team 24.02.2209.03.23

Calculation procedure

All employment relationships in Bulgaria are regulated by the Labor Code, as well as other laws on legal requirements in the field of employment, such as the Law on Labor and Safe Working Conditions, the L

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What’s the best payment solution for your business?
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What’s the best payment solution for your business?

by WFO Team 22.02.2229.03.23

Payment methods 

For quite some time, deciding how to accept payments for your small business was a simple matter: cash, cheques, or credit cards via a merchant account. However, although the digital revolution has provided c Read more

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The difficulties of opening a bank account.
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The difficulties of opening a bank account.

by WFO Team 22.02.2229.03.23

Today, more and more people are starting businesses on the internet. Entrepreneurs now have more tools at their disposal, so many are taking risks in fields like e-commerce or becoming digital nomads.

Many start-ups fail beca Read more

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  • Crypto Company Formation in the EU: Which Jurisdiction is Right for You?
  • Off-shore company: everything you have to know.
  • Traditional banking v digital payment solution providers.
  • Entry Denied – The barriers for new companies in the EU crypto sphere
  • The future of the crypto industry in Bulgaria – Digital Bulgaria 2025

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