FSC Bulgaria – Financial Supervision Commission Bulgaria
Bulgaria is a member of the European Union and recently many companies from all over the world have decided to obtain registration and license from the FSC Bulgaria. They have been attracted by lower taxes for companies offering financial services – 10% only.
According to information we have, a lot of brokers with CySEC licenses have shifted to get a license from the FSC Bulgaria due to lower taxes or other considerations.
So far there is no information about any client of a Bulgarian company who have been convicted and imprisoned for insider trading.
Taxes for customers who trade with brokers licensed by the FSC Bulgaria depends on the tax rates in the countries where customers are residents. Brokers are liable to provide financial information to the tax authorities of other countries around the world.