Forex License in Bulgaria
Bulgaria's forex market, is regulated as in most European countries. Companies need to obtain the appropriate license to engage in activities within this market. The authority responsible for licensing and supervising forex companies in Bulgaria is the Financial Supervision Commission (FSC). It issues licenses to investment intermediaries providing investment services to EU citizens.
A forex license in Bulgaria is a permit granted by Bulgarian financial regulatory bodies to companies wishing to operate in the foreign exchange market and provide trading services on global currency markets.
Advantages of a Forex License in Bulgaria:
Stable and Favorable Business Environment: Bulgaria's membership in the European Union provides access to European financial markets and investors, fostering a safe business environment.
Strict Regulation for Client Protection: Stringent regulation helps safeguard clients and maintain market stability. Licensed companies are regarded as reliable market participants.
To obtain an FSC license, a company must:
- Be registered in Bulgaria as a joint-stock company or another approved legal form.
- Have an office and legal address in Bulgaria.
- Comply with FSC requirements regarding capital size, staff qualifications, risk management systems, and other regulations.
- Join the Association of Forex Market Participants in Bulgaria.
The license covers services such as:
- Reception, transmission, and execution of orders on behalf of clients.
- Trading financial instruments (including OTC/CFD trading on electronic platforms and trading stocks on regulated markets).
- Portfolio management.
- Investment advice.
- Placing financial instruments.
- Safekeeping and managing financial instruments.
- Investment consulting on capital structure, industrial strategy, mergers and acquisitions.
- Investment research and financial analysis.
- Currency investment services.
The licensing process typically takes 3 to 6 months.
It's important to note that obtaining a forex license in Bulgaria requires careful attention to legal, financial, and regulatory aspects. If you are interested in obtaining a forex license in this country, consider seeking assistance from experts at IT-OFFSHORE. Our company has extensive experience in this field and can ensure successful compliance with all requirements and procedures.