Ivaylo Markov Co-Founded Thales Capital
The firm, launched in 2022, supports international financial projects in Luxembourg.
Updated on Oct. 12, 2026 in Financial Services
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Ivaylo Markov established Thales Capital in 2022 to provide specialized support for international clients setting up operations in Luxembourg. The firm currently coordinates service providers for clients based across Europe.
Why it matters
The firm provides a bridge for international investors by offering local representation and project structuring in Luxembourg. This model supports companies from regions including Italy, Spain, and the United Kingdom.
Thales Capital employs six people across its offices in Luxembourg, the Netherlands, and Lithuania. Furthermore, 100% of the firm's clients are based outside of Luxembourg.
The players
Ivaylo Markov
Ivaylo Markov is the co-founder and CEO of Thales Capital who entered the Luxembourg financial sector in 2007.
Thales Capital
Thales Capital is a firm that coordinates financial service providers for international clients and operates offices in three countries.
The details
Thales Capital facilitates financial projects by coordinating managers, banks, fund administrators, and directors for its international clientele. Beyond its core operations, the firm holds a stake in a Caribbean bank and has expanded into fintech payment services in Canada.
Timeline
Ivaylo Markov began working in the Luxembourg financial sector in 2007.
Markov transitioned to full-time work at Thales Capital in 2022.
An experienced professional joined the company in 2024.
Thales Capital aims to acquire a European bank within the next three to five years.
Market Landscape
The firm's business development model follows the patterns of specialized entrepreneurship identified in the Paperjam magazine survey of 100 entrepreneurs. This strategy positions Thales Capital to capture market share among international firms requiring local representation.
International clients looking to establish investment vehicles in Luxembourg can utilize the firm for local representation and administrative support. The company's expansion into fintech payment services may also offer new options for international transaction processing.
The takeaway
Thales Capital focuses on providing personalized support to help foreign investors navigate the complexities of setting up operations in Luxembourg. The firm plans to build on this foundation by seeking to acquire a European bank within the next few years.
Further reading
For more context, read our coverage on Financial Services.
Source note: This article includes information reported by Delano.
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