Licensing

Forex License

Belize is an economically and financially stable country and is a great place for forex broker companies since it is one of the most known offshore jurisdictions with a well-developed legal framework.

Back to list Licensing Services

Incorporation & obtaining license: 4 months

Minimum paid up capital: $100 000 (will be increased to $500 000 in 2018)


License fee: USD 25 000,00

License renewal government fee: USD 25 000,00 plus company renewal gov. fee of 1099 USD


Overview

Belize is an independent country, located in Central America and it borders with Mexico, and Guatemala.

In terms of time, Belize Forex License can be obtained comparatively quick. Moreover, Belize enjoys good reputation in the sphere of financial services and is widely known to international banks and payment providers.

Belize has even implemented licensing legislation that is particularly focused on forex trading companies. Provision of such services is regulated by International Financial Services Commission of Belize (IFSC).


To satisfy the expectations of sophisticated investors around the globe Belize now provides a full bundle of investment vehicles. Due to such expansion of services, Belize is now an attractive place for starting business. For aforementioned reasons this Central American country has become a “one stop shop” jurisdiction.


However, recent changes (in 2016) in the legislation resulted in increase of entry requirements for newcomers. For example, license fees were increased and new reporting requirements introduced. Thus, this allows to highlight companies intending to stay on the market and provide high quality services. This will further increase the reputation of the country.

Additional Government Fees upon Receipt of the License:

Annual government fee that should be paid directly to the IFSC $ 25,000.00 USD.

1 Previously the fee was 5,000.00 USD, starting from 1st of April 2016 the fee payable to the IFSC is 25,000.00 USD and the paid up capital will be increased from 100,000.00 USD to 500,000.00 USD in 2018 

APPLY NOW!Not sure what Licensing service to choose? Leave your application online! We will get back to you with a free 15 minutes consultation.

Facts & Info for Belize Forex License

Notable features
Procedure
Documents Required

General information

Company structure

  • One shareholder (can also be a legal person, no nationality restriction)
  • One resident director (can also be a legal person)

Confidentiality

  • Beneficial owners' details – Disclosed with court decision
  • Shareholders' details – Not part of public record
  • Directors' details – Not part of public record

Taxation

  • 0% - Belize Forex brokerage companies are exempt from the Belize local taxes on income derived outside of Belize

Other benefits

  • Belize tends not to disclose its banking or fiscal information. However, Belizean banks are FATCA compliant.
  • The meetings of the directors and the shareholders need not be held in Belize; also there is no requirement for an Annual General Meeting. All meetings may be held outside of Belize, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy.

Accounting requirements

Belize licensed companies face the following reporting requirements:

  • Quarterly financial reports to the IFSC (not audited);
  • Yearly company statement reports to the IFSC;
  • Audit of the company’s financial reports and further submission of the audit results to the IFSC.

Secretary

  • Optional, although it is customary to have one (can also be a legal person, no nationality or residency restrictions).

Local office

Not Required

Local employees

Not Required

Company name

  • Language: Any
  • Letters: From Roman alphabet
  • Company name must end with such sufixes or their abbreviations: Limited, Corporation, Incorporated, Society Anonyme, Sociedad Anonima or Aktiengesellschaft.
  • Names Requiring Consent or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered.

N.B.

  • Restricted connections for company name: name of state, national or local government.
  • Any name that implies illegal activity or implies royal or government patronage is restricted.
  • Registrar may reject any name which it considers undesirable or contrary to the public interest.
  • Company name is restricted to be identical or similar that of an existing company.
  • In case when foreign language is used for company name the translation may be asked by Registrar to ensure conformity to above listed restrictions.

 

In order to obtain a license, the following steps will be carried out:

  • Gathering and preparation of all of the documents, including those of due diligence.
  • Belize company registration with paid up capital of $500.000. This requires a specific company with over 100 000 shares. This is not a standard IBC, hence higher gov. fees apply.
  • Preparation of anti-money laundering procedures and custom tailored business plan.
  • Submission of the due diligence documents and other related documents to the IFSC to start the process of application.
  • Account opening in a local Bank for satisfying paid up capital requirements. This includes preparation and submission of all the bank forms, corporate documents and due diligence documents.
  • Ad-hoc support and provision of minor documents required during the process.
  • Assistance with Depositing of funds at a local Bank account in order to satisfy capital requirement for the IFSC.
  • Submission of the letter from the local Bank to the IFSC that capital requirements are fulfilled.
  • Receipt of license from the IFSC and delivery of documents to the Client.
  • Assistance with opening of a corporate account for further operational needs of the Company.
  • Finalizing bank account opening and delivery of documents to the Client.

 

In order to obtain forex license, we will fill all necessary application forms and also acquire apostilled corporate documents.
For that reason, please provide us with the following documents:

For a local bank:

(Each beneficial owner, shareholder, director, authorised signatory)

  • A notarized copy of valid passport
  • A copy of proof of residential address (ex. utility bill that is not older than 3 months) in English or translated into English
  • A notarized copy of a Letter of Reference form Bank, saying that the authorized person has a private account and that it is in good standing

For local regulatory authority:

(Each beneficial owner, shareholder, director, authorised signatory and secretary must provide)

  • CV
  • A notarized copy of valid passport
  • A copy of proof of residential address (ex. utility bill that is not older than 3 months) in English or translated into English
  • Professional letter/bank reference
  • A notarized copy of a University Diploma
  • Signed and notarized application forms

N.B.

  • If documents are not in English language or language of particular country, then they must be accompanied by a notarized translation.
  • Please ensure that notarization is in English language if not then please provide with notarized English translation.

Additional documents may be requested by the regulatory authority or local Bank at any point to certify specific information.

This Pre-Check form is a standard and required procedure, which gives an opportunity to make a merchant agreement based on full and detailed information. By giving incorrect or incomplete information may lead to agreement delay.
Merchant details
Contact details
Processing information
     
     
Optional: provide processing history (statement of last 6 months) with your current/previous acquirer.
Attach only: .doc, .docx, .pdf (File size not to extend 10 MB)
*Required fields
Form data saving error occurred.