As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
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1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
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An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
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+1 (888) 647 05 40Gone are the days when only multinational companies with an almost unlimited budget could apply for and obtain a financial licensе in a respected jurisdiction (eg EU, US, Canada, etc.). Today, an increasing number of conventional companies are obtaining financial licensеs, armed with a well-thought-out concept and a sustainable business model. While obtaining financial licensеs still involves significant costs and obligations, the process has become much cheaper and easier. As a result, the number of foreх licensеs issued worldwide has increased dramatically in recent years.
Foreх brokers wishing to obtain a licensе in the European Union are increasingly turning their attention to Bulgariа. While a foreх broker licensе in Bulgariа can be obtained from any of the 28 participating countries, some offer a faster and easier application process. And Bulgariа is one of them.
Bulgariа is an ideal option for those who want to work in Europe, but are not yet ready to pay for the costly maintenance of a Cypriot or Maltese company. All financial licensеs issued in the EU are subject to the MiFID II directive, which was issued by the European Commission in order to harmonize the provision of financial services in the European Union. Thanks to this directive, having received a licensе in one of the EU member states, you can work in all the others.
For example, those who have a Bulgariаn foreх licensе and want to open another branch in Germany or the UK simply need to notify the authorities of the chosen country. Although the notification process is more than just sending a letter and will require corporate documentation and proof of permits, it is still much easier than obtaining a licensе in each individual state.
Here are just some of the reasons why Bulgariа is attractive to foreх brokers:
The main attractiveness of Bulgariа as a country for obtaining a foreх licensе Bulgariа lies in a convenient tax climate and an inexpensive “standard of living”, that is, in relatively low costs for maintaining a company and labor. Not everyone can open and maintain a full-fledged office with 6-7 employees in most European financial hubs, but in Bulgariа it is possible, and the office will be located next to the same hubs.
When requesting permission for foreх activities, in addition to the documents of shareholders and directors, a detailed business plan for the next 3 years will be required, indicating the expected income.
Here is how the process how to obtain a Bulgariаn foreх licensе looks like step by step:
When you want to Foreх licensе for sale in Bulgariа, you could have some questions, one of them could be “Does Bulgariа require a foreх licensе”, and there is the answer:
The Markets in Financial Instruments Act is the main instrument of the country’s government, thanks to which it controls economic services, as well as the movement of funds in online markets. The regulation lists several basic requirements that all licensеes must comply with:
The authorized capital is contributed by the shareholder in installments. These funds must be obtained in an honest way, so additional data on their origin and extended information about the beneficiary may be required. It takes about 5 months from the date of application by the applicant to review all documents and study the business plan.
You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.