A US-based Web3 founder set up a MiCA-aligned EU operating company in 4 weeks.

The challenge

Investors had asked for an EU-domiciled operating entity to handle development hiring, EU-resident contributor payroll, and a future MiCA-aligned services pathway. Cyprus and Malta were the obvious picks but felt slow and expensive. The founder wanted a serious EU jurisdiction that wouldn't raise eyebrows in due diligence.

What we did

• Bulgarian OOD with two shareholders (the Wyoming LLC + the founder personally)
• Articles of Association drafted with provisions for future option-pool issuance
• Bookkeeping set up to cleanly separate dev-services revenue from any future token-related activity
• Pre-MiCA review of the planned services scope with our compliance partner
• Initial banking via Revolut Business + a local bank for BGN payroll

The outcome

• EU operating entity live in 4 weeks, including bank, VAT, and payroll readiness
• Two EU-resident senior developers hired in month two, paid through BG payroll
• Due-diligence pack for the seed round closed in one back-and-forth
• Clear roadmap for MiCA-aligned licensing if/when the protocol launches services