Sofia, Bulgaria, November 17, 2015 --(PR.com
)-- Bulgarian Broker and Fund Manager Matador Prime has issued a license under the Bulgarian Financial Supervision Commission (FSC). The license permits Matador Prime to conduct business as an investment intermediary within the European Union and European Economic Area under MiFID.
The newly formed broker was assisted by Archer Consultants (www.archer-consultants.com) a Corporate, Licensing and Technology consultancy firm that aims its services to the online trading broker.
Archer Consultants is known mostly for its full turn-key technology and liquidity solutions as well as its extensive knowledge in licensing in different jurisdictions such as Seychelles FSA, Belize IFSC, MiFID (CySec) and NZ FSP. And today, Archer has helped Matador Prime to establish its first Bulgarian Investment intermediary licensed broker under the Bulgarian FSC.
Mr. Lior Shmuely, founder and CEO of Archer Consultants asserted that “It was a welcome decision to be granted our very first Bulgarian Investment intermediary license under the MiFID regulation. Previously Cyprus (Cysec) has been the jurisdiction of choice for brokers seeking European licenses. Archer Consultants is proud to breakthrough with a legitimate alternative to Cysec with significant advantages to the broker.
Advantages of using Bulgaria as a MiFID Jurisdiction
Bulgaria’s location, access to highly educated multi-lingual professionals at a lower cost than most of Europe with a much smaller competition base than other parts of Europe, have made it an ideal European jurisdiction that allows pass-porting throughout all of regulated Europe under the MiFID mandate.” What also makes Bulgaria an attractive destination for business is its low level of costs and taxes that caused an enormous increase of foreign investments in recent years. Seeing that the Bulgarian government actively collaborates with foreign companies and investors, it is no wonder that more companies seek to invest their business there.
Employing Bulgaria’s benefits, Archer Consultants seized this opportunity to provide their clients with the best solutions. Mr. Shmuely added, “Archer’s role was not only to assist in creating the entity and seeking the investment intermediary license from the Bulgarian Supervision Commission, but to assist in the entire procedure of the necessary requirements in order to establish the license and consult and assist along with its dedicated team of professionals throughout the entire process of the application of the license and the establishment of the licensed entity including staffing and further support of the running entity.”
About Archer Consultants
Archer Consultants (Consultants, Technology Solutions) specializes in servicing online trading companies primarily in the field of Forex, CFD and Binary Options Brokers.
Archer Consultants was formed to be an all in one solution for Forex Broker’s needs. From Company formations, Banking Solutions, Payment Services, Licensing and Regulation as well as a Full Turn-Key Technology Solution, including but not limited to designed and fully integrated website with automated payment solutions into the Archer Consultants CRM, multiple trading platforms, Risk Management and Liquidity, integrated Affiliate platforms, VOIP technology and more.
Please visit www.archer-consultants.com
To learn more about the successful license Investment Intermediary License issued in Bulgaria under the FSC, MiFID and or any other services offered by Archer, please contact:
Lior Shmuely, CEO Archer Consultants