Business License & Certifications

BID Automated Trading KFT operates as a legally registered and fully licensed business entity in Hungary, European Union. This page provides information about our business registration, licenses, and certifications that authorize us to conduct mobile phone wholesale operations across the EU.

1. Business Activities

BID Automated Trading KFT is authorized to conduct the following business activities:

• Wholesale trade of telecommunications equipment and mobile devices
• Import and export of electronic communication devices within the EU
• B2B distribution and logistics services
• Trade consulting and business development services
• Automated trading system operations

2. EU Trade Compliance

As an EU-registered company, we comply with all relevant European Union regulations:

• CE Certification: All products meet EU conformity standards
• WEEE Compliance: Adherence to Waste Electrical and Electronic Equipment Directive
• RoHS Compliance: Restriction of Hazardous Substances compliance
• GDPR Compliance: Full compliance with EU data protection regulations
• Consumer Rights Directive: Compliance with EU consumer protection laws

3. Tax Registration

BID Automated Trading KFT is registered for taxation in Hungary and the European Union:

• Hungarian Corporate Tax Registration
• VAT Registration for intra-EU trade
• VIES (VAT Information Exchange System) registered
• Full compliance with EU VAT directives for B2B transactions

4. Import/Export Authorization

Our company holds necessary authorizations for international trade:

• EORI Number (Economic Operators Registration and Identification)
• Authorized for customs procedures and international shipments
• Compliant with EU customs regulations
• Authorized economic operator status (where applicable)

5. Product Authenticity Guarantee

We guarantee the authenticity of all products we distribute:

• Authorized distributor relationships with major manufacturers
• Direct sourcing from certified suppliers
• Complete product documentation and certificates of authenticity
• Official manufacturer warranties on all devices
• Traceability documentation for all inventory

6. Quality Certifications

Our operations adhere to international quality standards:

• ISO-compliant quality management processes
• Secure logistics and storage facilities
• Product quality inspection protocols
• Customer satisfaction assurance programs

7. Insurance Coverage

BID Automated Trading KFT maintains comprehensive insurance coverage:

• Commercial general liability insurance
• Product liability insurance
• Cargo and goods-in-transit insurance
• Professional indemnity insurance

8. Data Protection Registration

We are registered with appropriate data protection authorities:

• Compliance with GDPR requirements
• Data Protection Officer designated (where required)
• Secure data processing and storage systems
• Privacy impact assessments conducted regularly

9. Anti-Money Laundering (AML) Compliance

Our company adheres to AML and counter-terrorism financing regulations:

• Customer due diligence procedures in place
• Transaction monitoring systems
• Compliance with EU AML directives
• Regular training for staff on AML requirements

10. Intellectual Property Compliance

We respect and protect intellectual property rights:

• Zero-tolerance policy for counterfeit products
• Verification of trademark authenticity
• Authorized use of brand names and logos
• Compliance with EU intellectual property laws

11. Environmental Compliance

Environmental responsibility and compliance:

• Proper disposal and recycling programs for electronic waste
• Compliance with EU environmental regulations
• Sustainable business practices
• Carbon footprint reduction initiatives

12. Trade Sanctions Compliance

We comply with all international trade sanctions and restrictions:

• Adherence to EU trade sanctions
• Screening of business partners against sanctions lists
• Export control compliance
• No trade with embargoed countries or entities

13. Verification and Documentation

Business partners may request verification of our licenses and certifications:

• Company registration certificate available upon request
• VAT certificate and EORI documentation
• Certificates of authenticity for products
• Insurance certificates of coverage

To request official documentation, please contact us at bid.automation@proton.me

14. Regulatory Updates

We continuously monitor and adapt to regulatory changes:

• Regular compliance audits and reviews
• Staff training on new regulations
• Legal counsel consultation for complex matters
• Proactive compliance management

15. Contact for Compliance Matters

For questions regarding our licenses, certifications, or compliance:

BID Automated Trading KFT
1089 Budapest, Korányi Sándor street 4, 4th floor
Hungary
Email: bid.automation@proton.me
Registration Number: 01-09-434495