Belize Payment Processing License

Setting up a payment processing company in Belize is regulated by the Belize International Financial Services Commission (IFSC) which is responsible for licensing and regulating.

 

Key Features

  • A domestic Belize company is required with its’ Memorandum of Association being specifically drafted to operate as a Forex Broker.
  • The Company/Applicant has to deposit a minimum amount of US$ 50,000 to a local bank in Belize and remain therein as paid up share capital.
  • A Resident Director is mandatory.
  • No interview is required and there is no need to travel to Belize.

 

Legal Requirements

Requirements

Description

General

  • Corporate  vehicle permitted

Cayman Company or Trust

  • Application fee

USD 500

  • Annual license fee

USD 5,000

  • Local physical office required

Yes

Share capital or equivalent

  • Minimum paid-up capital

USD 50,000

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

Yes

Shareholders

  • Minimum number

2

  • Corporate shareholders allowed

Yes

  • Local  shareholders required

No

Service Providers Required

  • Company Secretary

No

 

Tax Treatment

  • Minimum or zero tax on capital gains, incomes, profits and dividends that accrue to the Fund.
  • Minimum or zero tax on fees, commissions and profits earned.

 

Duration to Set Up

Around 3 months

 

Distinctive Benefits of Licence

  • Minimal or no-tax status on income and profits, capital gains and dividends.
  • The commissions, fees and profits are also either liable to minimal taxation or exempted from tax.
  • There are no exchange controls or restrictions on financial transfers that apply.

 

The Valsen Advantage

  • End to end comprehensive service
  • Speedy and efficient service
  • Expert advice on structuring options
  • Dedicated ongoing compliance support
  • Extensive network pool of service providers