What is the gold content of Belize IFSC dealer license?

take a panoramic view of the situation

As we all know, Belize is an independent country, located in Central America, bordering Mexico and Guatemala.

In terms of time, Belize's license can be obtained relatively quickly. In addition, Belize enjoys a good reputation in the field of financial services and is well known by international banks and payment providers.

Belize has even implemented licensing legislation specifically for trading companies. The provision of such services is regulated by the Belize International Financial Services Commission (IFSC).

In order to meet the expectations of senior investors around the world, Belize now provides a full set of investment tools. Thanks to the expansion of this service, Belize is now an attractive place to start businesses. For the above reasons, this Central American country has become a "one-stop service" jurisdiction.

However, the latest legislative changes (20 16) have led to higher entry requirements for new immigrants. For example, licensing fees have been raised and new reporting requirements have been introduced. Therefore, it can highlight those companies that intend to stay in the market and provide high-quality services. This will further enhance the country's reputation.

general specification

company

One shareholder (also a legal person, without nationality restrictions)

Resident director (or legal person)

keep secret

Details of beneficial owner-disclosed according to court judgment

Shareholders' details-not in public records.

Details of directors-not subject to public records tax.

0%- Belize foreign exchange brokerage company's income obtained outside Belize is exempt from Belize local tax.

Other benefits

Belize is unwilling to disclose its financial information. However, the Bank of Belize complies with FATCA.

The meeting of directors and shareholders need not be held in Belize; There is no need to hold an annual general meeting of shareholders. All meetings can be held outside Belize by telephone or other electronic means. In addition, directors and shareholders can vote by proxy.

Accounting requirements

Belize Licensing Company faces the following reporting requirements:

IFSC Quarterly Financial Report (Unaudited)

Submit annual company report to IFSC

Review the company's financial report and submit the audit results to IFSC.

Secretary-optional, although it is customary to have only one (it can also be a legal person, stateless or with residence restrictions).

Local office-no need

No need for local staff-company name

Language: any

Letters: from the Roman alphabet

The company name must end with a suffix or abbreviation such as Limited, Corporate, Incorporated, Sociedad Anonima, Sociedad Anonima or Aktiengesellschaft.

Restrictive connection of company name: the name of state, national or local government.

Any name that implies illegal activities or royal or government sponsorship will be restricted.

The Director may reject any name that he considers undesirable or conflicts with the public interest.

The company name is only the same as or similar to the existing company name.

If the company name is in a foreign language, the registrar may require translation to ensure that the above restrictions are met.

In order to obtain a license plate, the following steps will be performed:

Collect and prepare all documents, including due diligence documents.

The paid-in capital of Belize Company at the time of registration was US$ 500,000. This requires a specific company with more than 654.38 million shares. This is not a standard IBC, so it is a higher government charge.

Formulate anti-money laundering procedures and tailor-made business plans.

Submitting due diligence documents and other relevant documents to IFSC has started the application procedure.

Open an account with a local bank to meet the paid-in capital requirements. This includes preparing and submitting all bank forms, company documents and due diligence documents. In this process, temporary support and provision of secondary documents are needed.

Assist to deposit funds into local bank accounts to meet the financial needs of IFSC.

Write to IFSC to meet the capital requirements.

Receive the license from IFSC and deliver the document to the customer.

Assist in opening company accounts to meet the company's further operational needs.

Complete the account opening.

Information to be prepared

In order to obtain the permit, the offshore permit will fill in all necessary application forms and obtain the posted company documents.

Therefore, please provide the following documents.

For local accounts:

(Each beneficial owner, shareholder, director and authorized signatory)

A valid notarized passport.

Copy of proof of residence address in English or translated into English (for example, water and electricity bills for less than 3 months)

A notarized copy of the recommendation letter, indicating that the authorized person has a private account and has a good reputation.

For local regulators:

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

Biographical notes

A valid notarized passport.

Copy of proof of residence address in English or translated into English (for example, water and electricity bills for less than 3 months)

Professional letter/bank certificate

A notarized copy of the notarial certificate

The signed and notarized application form must be accompanied by a notarized translation if the document is not English or the language of a specific country/region.

Please make sure to use English for notarization, otherwise please provide a notarized English translation.

Regulators or local banks may require other documents to prove specific information at any time.

Nowadays, applying for a license in Belize is generally to find a reliable agency (crazy tip). After collecting the basic information, it will take about four months to complete the license application.

I hope this answer can help you ~