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Despite the wide choice of EU member states to acquire a permission, there are jurisdictions that offer a faster and more efficient request procedure, one of which is state. An additional advantage for currency brokers of working with a permitted brokerage firm is relatively lower costs compared to other states. We will tell you everything about the Forex license Bulgaria and acquiring it in more detail in this article.
Bulgaria is a full member of the EU, supervised and regulated by the Monetary Supervisory Commission (FSC). Licensed organizations are obliged to comply with the rules and regulations established by them from time to time. Apart from the EU regulatory advantages, the country has some other advantages that make it attractive to many Forex brokers. Some main benefits of state:
You can contact our company for help. We will guide you through all the necessary procedures, prepare the papers required and must fully to successfully register your Forex broker license in Bulgaria with the governing body FSC of country.
The country is advantageous for acquiring a FSC Forex Broker License in Bulgaria not only because of its location, which opens access to the Europe, but also here there are key advantages that make country even more attractive for acquiring a Forex license for sale in Bulgaria:
Every firm that wants to operate and acquire a permit in the Bulgarian foreign interchange market must be registered as an investment intermediary in the country and acquire a license from the Bulgarian Financial Supervisory Commission. This statutory body operates under the auspices of the European MiFID. Foreign companies follow the rules set out by MiFID with some special national rules. One of these rules concerns the capital requirements of registered companies.
The country complies with the provisions of the EU Directive MiFID, which was issued by the EU Committee with the aim of harmonizing monetary favors throughout the European Union. This allows brokerage companies to obtain passport rights which entitle them to conduct business in any EU Member State, as permitted by their home country’s regulator. In fact, all brokerage licenses regulated by the MiFID Directive can be used throughout the EU.
Different tax rate systems in country:
A Forex permission allows trading on the Bulgarian foreign exchange market.
This protects the interests of investors by ensuring that the newly registered non-citizen exchange company complies with all legal demands, and also ensures the monetary stability of operators and that the info they supply to consumers is accurate and reliable.
To obtain Bulgarian FX license, the candidat must supply:
All papers must be in English or it can be a certified translation into English from any language.
The license gives you the right to perform certain favors and actions within the European Union and the European Economic Area, directly or through the branches of your licensed firm.
FX trading is legal in country. Also, it is controlled by the Financial Supervisory Commission (FSC).
To obtain this info, contact the specialists of our company. They will supply you with all the information you need and answer all your questions.
To achieve a permission, you must meet the basic requirements:
1. Organization of corporate legal papers;
2. Registration of the business-company as an active business;
3. State Duty;
4. Drawing up a business plan;
5. Setting up the needed AML/KYC procedures;
6. Opening a corporate bank account.
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