The Republic of Bulgaria has a special PSPSA law that specifies the electronic payment systems features. Under it the right to provide all services related to electronic money and settlements on them shall be given to banks (European central, national central, commercial) and licensed companies. Entrepreneurs engaged in the field of PSP and e-money, Bulgaria provides an opportunity to choose one of the business forms — a local analogue of joint-stock company or a limited liability company.
In order to obtain an activity permit, the business founders must provide a certificate confirming an absence of a criminal record, notarized and apostilled documents:
If as well a payment license is required, Bulgaria shall obligate to provide other documents to the National Bank:
Documents must be mandatory translated into Bulgarian language and notarized. A number of states (for example, France) have signed agreements with the Republic, which allow not to put an apostille and not to legalize the documentation. Residents of countries that do not have such agreements need to notarize the package. To entrepreneurs, who need a license for electronic money, Bulgaria shall demand to rent a real office, not limited to a mail box. The premises are checked by representatives of regulatory authorities.
If you need a payment system license, Bulgaria is a profitable solution. An assistance in all formalities carrying out will be provided by "Prifinance" company.
"Prifinance" will help you quickly and easily access European markets and become an issuer of electronic currencies. The company's consultants will competently select the jurisdiction, form a strategy and a sequence of actions to maximize the customer's benefits. We will undertake:
The company's experts advise customers on all issues of the current activity, select the optimal tax model, help to develop the business structure. Cooperation with "Prifinance" is a time saving, a protection from the risk of error, non-compliance with legislation. Transferring bureaucratic procedures to the company's employees, the customer receives a prompt and comprehensive assistance from experienced professionals.