The Markets in Crypto-Assets Regulation, better known as MiCA, is now the central regulatory framework for crypto-asset businesses operating in the European Union. For crypto-asset service providers, the message is clear: the market is moving from a fragmented national regime to a harmonised EU authorisation model, where regulatory substance, governance, compliance infrastructure and operational resilience…
Read MoreFebruary 2026 Our team has filed a complaint before the Bulgarian Supreme Administrative Court challenging two provisions of Ordinance No. 1 of 14 February 2007, insofar as they are applied as requiring that paid-in or increased share capital be evidenced exclusively through a bank-issued document. In practice, these provisions impose a “bank-only” evidentiary requirement for…
Read MoreJanuary 2026 We are pleased to announce that Progressive Legal has officially joined the Bulgarian Fintech Association (BFA) as an Associate Member. The Bulgarian Fintech Association is the leading industry organization supporting the development of the fintech ecosystem in Bulgaria. The Association brings together innovative companies,financial experts, technology providers, and industry stakeholders with the common…
Read MoreDecember 2025 Our team has successfully completed the registration of a capital increase for a Bulgarian company operating, where the capital contribution was made through a bank account held with a licensed credit institution in the European Union, opened outside the Republic of Bulgaria. Until now, in practice, the Bulgarian Commercial Register had been accepting…
Read MoreOn 2 August 2023, the Bulgarian legal landscape was dramatically invigorated with the most significant transformation in Commercial Law over the past three decades, as announced in the State Gazette. This transformative act heralds the inauguration of a variable capital company (VCC), a pioneering and avant-garde form of corporate entity. This groundbreaking initiative is tailored…
Read MoreFebruary 2019 The Managing Partner of Progressive Legal, Georgi Traykov, was elected as a board member of the Bulgarian Leaders and Entrepreneurs Association (ABLE), one of the most active and influential entrepreneurial organisations in Bulgaria. ABLE is a dynamic community of young entrepreneurs, professionals, and leaders dedicated to creating a positive impact on the business…
Read MoreProgressive lawyers is very excited to be in this industry. If you need any assistance just give us a call or send us an e-mail. We would be happy to brain-storm together at any time.
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