In its licensing activity the FSC is guided by the principle of impartiality and implementation of a unified approach and criteria with respect to all applicants. The Commission examines the documents that have been attached to the applications for permit issuance or amendment of one that has already been granted in view of their compliance with the regulatory requirements. It is being established whether all the required documents and data have been provided and whether the legal limitations to certain licensing proceedings have been complied with.
Forex Broker License Acquisition in European Union (Bulgaria)
During this time we will ask for things like: Capital amount and structure; - Origin of the resources with which the share contributions have been paid; - Existence (lack of) relatedness between individuals and/or legal entities in accordance with the legal provisions; - Requirements to the members of managerial and supervisory bodies and other special requirements, etc.
The process can take about 4-7 month and will get same license as forex brokers listed above: PRESS HERE TO VIEW EXAMPLE
Costs – EUR 60,000/2-3month, payable upfront + deposit kept in account for FSC - EUR 150,000 from which 25% payable upfront and 75% after issuing of a licence within 2 week time.
Please CONTACT US to find out more.