Forex companies wanting to operate and get licensed in Bulgaria must be registered as an investment intermediary in the country and become licensed by the Bulgarian Financial Supervision Commission. This statutory body operates under the umbrella of the European blogger.comted Reading Time: 6 mins Bulgaria is a full member of EU which is controlled and regulated by Financial Supervision Commission (FSC). The licensed organizations are bound to follow rules and regulation set by them from time to time. Apart from the EU regulatory benefits, Bulgaria has some other advantages which create an attraction for many Forex brokerages 13/08/ · Firstly because Bulgaria is a European Country so a Bulgarian Financial Services License or Forex License will allows you to operate in all EU Secondly because Bulgaria has a 10% corporate income tax rates only (New Zealand for example has a 30% corporate income tax, Cyprus has % corporate income tax but minimum capital requirement is , Euros
Bulgaria Forex License - Offshorelicense
For Forex brokers who are planning to work on the territory of Europe but not ready to pay In Bulgaria, the forex companies are considered as investment companies and conduct their activities on the basis of a license for providing investment services Investment Services License ISLwhich identifies the services that company allowed to provide, as well as concerning which financial instruments.
According to Bulgarian legislation the forex market trade is considered as a type of investment activity, that is not allowed to without a license obtained by the Financial Supervision Commission. It means that investment brokerage activities on forex market must be licensed. The Financial Supervision Commission is a central regulator of the securities market, financial and investment services. The Commission is a member European Securities and Markets Authority ESMA.
Forex Market in Bulgaria is developed almost on a level with other European Union countries. Undebiable advantages of forex license in Bulgaria.
The main regulatory legal act for activities in the equity market, financial and investment services, is Markets in Financial Instruments Act MiFIA. The head office must be located on the territory of Bulgaria.
The company must be managed at least by 2 directors, who should be EU residents, financial company forex license in bulgaria. Managing Directors must have significant knowledge and experience in the financial sphere, that is documented education certificates, labor book, etc. The company also must hire an accountant and submit financial reports.
Moreover the license holder company is required to be audited annually. The total authorized capital will be submitted to the applicant account in Bulgarian bank and will be frozen for the duration of the license. Also, in Bulgaria as well as in Cyprus there is a concept of the Investment Compensation Fund, financial company forex license in bulgaria.
Close attention Commission draws to the source and clarity of the shareholder funds. Money, including replenishing the authorized capital must be earned by a shareholder in a legally clean way. Obtaining forex licenses in various European countries. How much money to prepare for conducting forex business in Europe? Which jurisdiction to choose for obtaining forex license? SBSB offers help in obtaining brokerage license in Bulgaria and other jurisdictions.
Please check our list below. If any help in obtaining brokerage license need, please, feel free to contact our specialists via phone-call numbers required can be found in contact list on the internet page or by submitting a form located on the left side of the page. Keywords: Brokerage license, forex license, forex license in Europe, licensing, financial company forex license in bulgaria, license forex Cyprus.
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Obtaining a payment license in Europe is a complex and lengthy process. For its successful launch a thorough preparation of legal professionals is financial company forex license in bulgaria. One of the important factors is compliance with Please fill financial company forex license in bulgaria the form and one of our managers will contact you during 24 hours.
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Fantastic New EU Citizenship by Investment Option (Form a Company in Bulgaria)
, time: 6:18FOREX License Bulgaria and Financial Licenses - blogger.com
15/07/ · There are two types of licenses in Bulgaria applicable for forex and two types of companies can apply – ordinary Ltd’s and JSC’s: Standard license – requires BGN , initial capital (approx. EUR ,), broker can hold clients’ money but cannot trade on its own account In Bulgaria, the forex companies are considered as investment companies and conduct their activities on the basis of a license for providing investment services (Investment Services License (ISL), which identifies the services that company allowed to provide, as well as concerning which financial instruments. According to Bulgarian legislation the forex market trade is considered as a type of investment activity, that is not allowed to without a license obtained by the Financial Bulgaria is a full member of EU which is controlled and regulated by Financial Supervision Commission (FSC). The licensed organizations are bound to follow rules and regulation set by them from time to time. Apart from the EU regulatory benefits, Bulgaria has some other advantages which create an attraction for many Forex brokerages
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