Belize Public Fund License

The Belize Mutual Funds Act defines a public fund as a fund that offers any shares it issues for subscription or purchase to any member of the general public or any section thereof; and which is registered as a public fund under the Belize Mutual Funds Act. This is the type of fund that attracts the highest degree of regulation. Public Funds must be registered (or obtain consent to registration under a pre-filing procedure) before engaging in any business activity in or from within the Belize. A Public Fund must publish a prospectus including the information required by the Act and must also produce and distribute audited annual financial statements. The Registration Application includes details of all directors, managers, administrators and other persons closely involved in the management of the fund. There are very stringent “fit and proper” requirements to be met in regards all individuals involved with the promotion and management of a fund. Key Features

Belize Public Fund	Corporate Details
General
Type of Entity	Public  Fund
Type of Law	English Common Law
Registered Office in Belize	Yes
Other Local Service Providers	Yes
Our time to obtain Licence	3 Months
Corporate Taxation	No
Share capital or equivalent
Standard currency	US$
Permitted currencies	Any
Minimum Subscription	None
Minimum Investors	No
Directors
Minimum number	2
Local required	No
Corporate directorship allowed	Yes
Service Providers
Custodian	Yes
Fund Manager/Investment Manger	Yes
Fund administrator	Yes
Auditors	Yes
Accounts
Requirements to prepare	Yes
Audit requirements	Yes
Requirements to file accounts	Yes

 Advantages

1. No exchange controls or restrictions on financial transfers
2. There are no minimum capital requirements
3. Minimum or zero tax on capital gains, incomes, profits and dividends that accrue to the Fund.
4. There are no statutory limitations as regards the investment policies

The Valsen Advantage

• Speedy, Efficient and consistent Services.
• Relentless effort to obtain bank accounts.
• Expert advice on structuring options.
• Dedicated ongoing compliance support.