EU / EEA · FSC
FSC investment-firm licensing in Bulgaria
An investment firm authorised by Bulgaria’s Financial Supervision Commission is a lower-cost onshore EU base with full MiFID II reach. It suits firms that want genuine European passporting without the overheads and substance expectations of the larger member states.
The regulator
The Financial Supervision Commission supervises Bulgaria’s non-banking financial sector under the EU framework. As a smaller-market regulator it is more cost-accessible, while still binding firms to the same MiFID II conduct and prudential standards as every other member state.
What the licence permits
Regulated under the FSC
- Provide MiFID II investment services
- Receive, transmit, and execute client orders
- Passport across the EEA
- Operate from a cost-efficient EU member state
Who it suits
Cost-conscious firms that still want a fully onshore EU authorisation and genuine passporting.
Market access
Full EEA passporting from a single EU licence, at the lower end of the onshore cost range.
What to weigh
The saving is in running costs, not in standards: the MiFID rulebook is identical. Bulgaria suits firms that want EU access efficiently, not a softer regime.
We run the Bulgaria application end to end
Whether you build from new or acquire an existing licensed entity, BrokLicense handles incorporation, the regulator application, the AML and compliance framework, banking and liquidity introductions, and the trading stack. You stay the principal. We do the work, in confidence, and stay on for compliance once you are live.
Cost, capital, and timelines depend on your model and are set out in a first consultation, under NDA, not published here.
Other permissions in Bulgaria
Related reading
- EU Passporting Explained: One Licence, Thirty MarketsA single EU investment-firm licence works across the whole European Economic Area. Here is how passporting works and why it shapes where firms base.
- How to Choose the Right Jurisdiction for Your BrokerageThe cheapest licence is rarely the right one. Choosing a jurisdiction is about your clients, your banking, and your ambition, not the lowest sticker price.
- Onshore vs Offshore Brokerage Licences: It Is Not About Cutting CornersOffshore does not mean unregulated, and onshore does not mean better. The two serve different businesses. Here is how to tell which one fits yours.
Discuss your mandate in confidence
Every engagement begins under a mutual NDA. Set out the firm you intend to operate and the timeline you are working to, and you leave the first consultation with a recommended jurisdiction, the route to the licence, and a defined scope of work.
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