ASFI
Grade C
Financial Regulatory Authority · Bolivia · Official register
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Authorized capital
18,000 - 50,000
required to operate
Time to obtain
3 Months
typical licensing process
TrustFinance grade
of A to D
Requirements to get licensed
Main requirements
- Submission of various documents such as passport details of shareholders
- Business plan outlining key assets
- Residence registration documents
- Professional references
- Criminal record-free identification
- Financial estimates
- Risk management, security of client funds, fair trading principles, anti-money laundering measures, and risk control is imperative for licensing.
About this regulator
The Financial Regulatory Authority of Bolivia (Autoridad de Supervisión del Sistema Financiero, ASFI) is responsible for regulating and supervising the financial and insurance sectors in Bolivia. Its main goal is to ensure the stability, transparency, and proper functioning of these sectors, protecting the interests of depositors, policyholders, and investors. ASFI oversees banks, finance companies, insurance companies, and other financial institutions, enforcing regulations, issuing licenses, and monitoring their operations to ensure compliance with national financial laws and standards.
Companies holding this license
Companies on record, each linking to its verification page.