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Show foreign financial investment brokers and financial investment advisors


As a financial investment broker and advisor, you require a license in Germany. If you only wish to work as a self-employed financial investment broker on a temporary basis, prior written notification to the competent authority is sufficient. However, this only applies to EU or EEA citizens.

Process flow

The granting of the license is automatically entered in the register of intermediaries. After you have received the permit, you must register your business before you start your activity.

Requirements

  • You are a citizen of a member state of the EU or a signatory state to the Agreement on the European Economic Area
  • You maintain a legal establishment for the exercise of financial investment brokerage activities in one of these countries

Which documents are required?

  • Proof of nationality (e.g. identity card or passport)
  • Proof of legal establishment for the exercise of financial investment brokerage activities in a member state of the EU or a signatory state to the Agreement on the European Economic Area
  • Proof that the exercise of these activities is not prohibited, not even temporarily
  • Proof that there is no criminal record
  • Documents from the country of establishment that prove your personal reliability to carry out the financial investment brokerage business,
  • Proof of your professional qualification if the activity of financial investment brokerage is also subject to the possession of certain professional qualifications in the country of establishment,
  • otherwise, proof that you have practiced financial investment brokerage in the country of establishment for at least two years in the previous ten years,
  • proof of insurance cover or another type of individual or collective protection with regard to professional liability.

If you are a trader from an EU member state or an EEA member state, you can use documents from your country of origin to prove that you meet the requirements for the reliability and orderly financial circumstances of a trader.

What are the fees?

Fees are incurred. These are based on the fee schedule of the responsible office and are determined by this office. Please contact the responsible office.

What else should I know?

The permit is valid throughout Germany. It may be limited to one or more categories. Under certain circumstances, the competent authority may revoke a permit.

Technically approved by

no professional approval

Source: Serviceportal Niedersachsen (Portalverbund des Bundes und der Länder)