Belize IFSC License

About that Country :

BELIZE, an English-speaking country in the heart of Central America, is a relative newcomer in the field of international financial services. Since attaining independence from Britain in 1981, Belize has been endeavoring to diversify its economy away from the agricultural sector. Belize, therefore, saw the international financial services sector as a window of opportunity where it could seek to achieve competitive advantage.

Advantages :
Other Services Legal & Tax Advise

Structuring of investment funds, offshore entities and trusts Intellectual property: patent, trade mark, copyright and technology transfer Trust and estate planning Tax and legal due diligence assignments Captive insurance and captive insurance management business

About that Regulating body :
Types of Licenses

The following types of licenses can be of particular interest to forex brokers and traders :

Trading in Foreign Exchange (Forex, FX)

Trading in Financial Commodity-Based Derivative Instruments and Other Securities (futures, options, interest rates, shares, stock, contracts for differences etc.)

Brokerage, Consultancy and Advisory Services in any financial services

If you are engaged in :

International Asset Protection and Management

Money Transmission Services

Payment Processing Services

Money Brokering

Money Lending and Pawning

Money Exchange

Safe Custody Services

Requirements and Procedures :

Any Belize IBC can apply for a financial license mentioned in Section 1 to carry out the respective activities. However, the applicant company is expected to meet certain requirements, prescribed by the IFSC. In particular :

1. Directors of the company should have proper knowledge and expertise in the business that the company is planning to carry on.

2. Shareholders of the company must ensure proper capitalization of the company. The minimum paid- up capital requirements can be found in Section 3 of this document. The capital has to be fully paid- up and deposited in a bank account opened in Belize remaining there unimpaired for as long as the License is valid.

3. The application should be supported by certain information, including: (i) the business plan, projected financial forecasts for the first five years, Anti-Money Laundering and Customer Acceptance Policies, all documents having been prepared in accordance with regulatory requirements.

4. bank confirmation that the statutory capital has been paid; payment of the government application and license fees as detailed in Section 3.

The viable low-cost Belize Forex Brokerage License option :

This vehicle represents one of the most inexpensive regulated brokerage options vailable anywhere in the world for setting up a forex (and/or securities) brokerage firm. Other relatively low cost option includes Vanuatu.