Until recently, any crypto-currencies were not listed on these islands, but in light of the rapid development of the crypto-industry around the world, now this jurisdiction has become one of the most promising and popular places for obtaining a crypto-license. Below we will look at the main aspects of crypto-regulation and the procedure for obtaining…
In the dynamic monetary field of Singapore, achieving an Electronic Money Institution (EMI) permission is a pivotal step for enterprises aiming to operate in the digital payments sector. This comprehensive article explores the intricacies of acquiring an EMI permission in Singapore, including the adjustment substructure, application process, operational conditions, and strategic considerations for accordance and…
Malaysia is one of the first countries to introduce cryptographic regulation policies. Under such policy, crypto-currencies are classified as securities, and according to Minister of Finance, the Malaysian governmental authorities believe that crypto-currencies and blockchain-technologies have tremendous potential to stimulate economic progress. It is believed that digital assets and their underlying blockchain technology can help…
The Dubai Worldwide Financial Centre (DIFC) is a pivotal hub for global finance in the Middle East, providing a sophisticated and business-friendly circumstances designed to facilitate growth and invention in the economic sector. As one of the world’s premier monetary free zones, DIFC supplies a unique adjustment and legal substructure, attracting a broad array of…
Overview An Australian Financial Services License (AFSL) licensed company for sale, established in 2004 and holding a credit license, is available for sale. This company is authorized to conduct comprehensive financial services and is perfectly suited for immediate operational commencement. Company Details Registration Year: 2004 Bank Account: Maintained with St. George Bank Support: Assistance with…
Overview This Securities Dealer licensed company for sale in Seychelles and registered in 2023, is currently available for sale. It operates under full compliance with local regulations, presenting a clean and streamlined opportunity for immediate operational takeover. Company Details Location: Seychelles Registration Year: 2023 License Type: Securities Dealer License Staffing and Infrastructure Staff Composition: The…
This is a new investment opportunity – AFSL license in Australia for sale. Please check out the main details regarding this proposal below. AFSL license in Australia for sale: key considerations Active company licensed by Australian Securities & Investments Commission (ASIC) in 2023; Allowed activities (financial product advice, deal in a financial product, custodial or…
Corporate Overview Establishment Year: 2018 Capital Structure: CHF 100,000 Licensing: Licensed as a Portfolio management company in Geneva for sale by FINMA in 2022; previously operated under SRO status. Business Operations of Portfolio management company in Switzerland for sale Core Activities: Specializes in providing financial advice and asset management services. Additional Capabilities: Authorized to establish…
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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.
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