Belize Fund Administrator License

The Belize Mutual Funds Act 2000 sets forth the regulatory environment for operation of mutual funds in Belize. All administrators of mutual funds who carry out their activities in or from within the Belize must be licensed by the Belize International Financial Services Commission. The Belize Mutual Funds Act 2000 prescribes several general conditions that must be met by any such licensee. Key Features The IFSC must be satisfied that the applicant “is a fit and proper person” to be engaged in the proposed fund administration business. The applicant is also required to have adequate knowledge, expertise, resources and facilities necessary for the nature and scope of the business proposed. Legal Requirements

Requirements	Description
General
Corporate  vehicle permitted	Belize Company
Application fee	EUR 3,500
Annual license fee	EUR 3,500
Local physical office required	Yes
Share capital or equivalent
·         Minimum paid up capital	None
Directors
Minimum number	2
Corporate directorship allowed	Yes
Local director required	No
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 of fund managers, administrators and advisors 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
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