Fund and asset management · FSC Bulgaria
Bulgarian fund manager authorisation (FSC)
Bulgaria offers full EU fund management credentials at one of the lowest operating cost bases in the bloc, and since adopting the euro it does so without the currency layer that used to sit between a Sofia manager and a euro-denominated strategy. It is a jurisdiction chosen for economics and for regional strategy rather than for the depth of its domestic capital market.
The regulator
The Financial Supervision Commission authorises and supervises fund and asset managers under the Bulgarian implementation of the EU framework. It examines ownership and the source of capital closely, and expects the management team to be genuinely resident.
What the licence permits
Regulated under the FSC Bulgaria
- Manage alternative investment funds from Bulgaria
- Provide discretionary portfolio management to Bulgarian clients
- Serve South-Eastern European investors and strategies
- Passport management and marketing throughout the single market
Who it suits
Managers running regional strategies on a controlled cost base, and groups building an operating team in the region.
Market access
EEA passporting for management and for cross-border marketing to professional investors, from a low-cost base inside the single market.
What to weigh
Institutional investors outside the region will ask more questions about a Bulgarian manager than an Irish one, so the structure has to be defensible in fundraising as well as to the regulator.
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, safeguarding and banking arrangements, and the operating 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
- Fund Manager or Investment Firm? Choosing the Right Asset-Management AuthorisationManaging mandates and managing funds are different regulated activities under different regimes. Applying under the wrong one costs a year and a rejection.
- The MiFID Investment Firm Licence: What the Permissions Actually CoverA MiFID licence is not one permission but a set you choose from. The combination you pick sets your capital, your obligations, and your supervisory weight.
- Licensing an Investment-Management Firm: What Changes When You Manage Other People's MoneyRunning an asset or portfolio manager sits under a different permission than broking. Here is what the licence covers and what regulators expect.
- 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.
Fund and asset management in other Europe jurisdictions
- United KingdomFCA
- ItalyBanca d'Italia / CONSOB
- GermanyBaFin
- SpainCNMV
- AustriaFMA
- IrelandCentral Bank of Ireland
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.
Prefer email? info@broklicense.com