Belize Special Licence Company
- According to Belize legislation various activities, especially different kinds of financial services, can be carried out by a company registered in Belize only if the company has obtained a Special License.
- 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.)
- Money transmission services
- Payment processing services
- Money brokering
- Money lending and pawning
- Money exchange
- Brokerage, consultancy and advisory services in any financial services
- Accounting services
- Safe custody services
- International asset protection and management
- Faster growing: the company can reinvest all the money that it would pay in tax in a high-tax jurisdiction and this way it can grow faster;
- Competitiveness: not paying any taxes, the company will have lower expenses, this way it can reduce the prices of the products or services that it offers making them more affordable and gaining more customers.
- Simple licensing requirements. Although obtaining a Special License is not as simple and straightforward process as registering a regular IBC, it is much faster, simpler and requires less paperwork than obtaining licenses in most high-tax jurisdictions. There are only few requirements that the company willing to carry out financial services will have to comply with, especially the requirement of minimum paid-up capital and proper qualifications of the managing team of the company.
- Low level of regulations and simple documentary requirements are important not only at the moment of licensing, but also further on during the operation of the company. They permit high level of flexibility and faster operation. Furthermore, there is also no obligation of financial reporting which allows the company to avoid complicated and expensive accountancy organization. All financial information is to be kept as detailed as the owner of the company considers necessary and that is sufficient to determine the current financial situation of the company at any moment. The only exception is the obligation to keep the minimum capital paid and unimpaired at all times.
- Trading in Foreign Exchange (Forex, FX) and other financial instruments (futures, options, interest rates, shares, stock, contracts for differences etc.) – USD 100,000
- Money exchange – USD 75,000
- Money transmission and payment processing services, money brokering, money lending and pawning – USD 50,000
- Brokerage, consultancy and advisory services, safe custody services, accounting services, international asset protection and management – USD 25,000
- Company registration. This is a simple and straightforward procedure. However, several things will have to be kept in mind: elaboration of special Memorandum and Articles, special Government registration fee taking into account the minimum required capital, mandatory bank account opening in Belize and some others. Other optional additional services, like nominee directors and shareholders, business address and document administration etc. are available at your choice.
- Application for the license. In this step the applicant will have to complete and submit to the International Financial Services Commission the application of the company for the licence, biographical affidavit of each person involved in the management of the company, evidence of capital requirements and any other documents that the IFSC may request which most often include business plan , financial projections etc.