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posted 4 years ago
If you are considering starting a brokerage business but are not sure about the jurisdiction, you should take a look at Bulgaria. Recently, the country has been a popular choice for obtaining a Forex license as it offers a number of indisputable advantages. In this article, we will discuss those benefits and broker license requirements.
First, broker licenses are an established practice in Bulgaria, and the investment regulations are similar to those in the EU countries.
Second, Bulgaria has favorable tax treatment, especially when compared to other European jurisdictions:
Third, the Financial Supervision Commission, FSC, charges low state duties on the applications.
Bulgaria is appealing because of its inexpensive business maintenance. For instance, office renting prices start at EUR 300 per month and staff salaries are within EUR 1000-2000 monthly, much cheaper than in other jurisdictions.
The activities in the market of securities, financial, and investment services are regulated by the Markets in Financial Instruments Act (MiFIA) Law of Bulgaria.
Bulgaria offers a Market Maker license (enabling all investment services in stock/Forex markets) and an STP license (entitling brokers to a more limited range of investment services).
So with a Market Maker (full) license, the intermediary has the right to provide all investment services, including:
The incomplete (STP) license authorizes brokers to offer/provide a more limited range of investment services and activities, including:
It takes 5 to 8 months to get a broker license in Bulgaria.
Bulgaria is a great choice for brokerage activities because as an EU member state it makes it possible to do business throughout the EU.
Our professionals have extensive experience in obtaining broker licenses in European and offshore jurisdictions, including Cyprus, Malta, Great Britain, Switzerland, Latvia, Estonia, Czech Republic, New Zealand, USA and Australia. Join our Telegram chat for a free consultation.
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