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Belize IFSC License

Belize IFSC Forex Broker License

The Belize International Financial Services Commission (IFSC) was established in 1999 to monitor the non-bank sector. The IFSC has promulgated regulations for the registration and supervision of international financial service providers. The IFSC license is primarily to ensure that Belize and those who provide international financial services (foreign exchange or securities transactions) from Belize must be "suitable and appropriate."

Key Features

IFSC has below types of license:
  • Money Brokering
  • Money lending and pawning
  • Money exchange
  • Safe custody services
  • Money transmission services
  • Payment processing services
  • Trading in foreign exchange
  • Trading in Brokerage and commodity-based derivative instruments and other securities
  • Brokerage, consultancy and advisory services in any of the above

  • Distinctive Benefits of License

  • No exchange controls or restrictions on financial transfers that apply
  • No requirements for annual reporting
  • Privacy is kept to the highest possible extent (no personal information disclosure required)
  • No-tax status on income and profits, capital gains and dividends

  • Tax Treatment

  • No corporate tax
  • No income tax on money earned outside of its territory
  • No interest tax
  • No dividend tax

  • Legal Requirements:

  • Minimum Paid up Capital: around $500,000
  • Minimum 1 Directors and 1 Shareholder (corporate shareholding is allowed), Fit and proper
  • Securities Dealer Representative, Fit and Proper
  • Compliance Officer
  • Registered Office and Agent
  • Bank account in Belize

  • Documentation Requirement:

    For each beneficial owner, shareholder, director, authorised signatory:

  • Two passport Photographs, scanned in color)
  • A notarized copy of passport
  • A notarized copy of utility bills/ proof of address within three months
  • A bank Reference Letter
  • CV dated and signed
  • 2 Character Reference Letters
  • 1 bank reference letter verifying good financial standing
  • Clean criminal records
  • Educational qualification certificate
  • Tax Clearance Certificate
  • Shareholding company certificate, company registration and constitution
  • Shareholding company ultimate beneficial owner and director notarized copy of passport, utility bills/ proof of address within three months

  • UCG Services

  • Company formation
  • License application document preparation assistance
  • AML CTF program, compliance program and risk assessment
  • Provision of local address
  • Application lodgment to IFSC
  • Liaising with regulator, service provider
  • Bank account opening
  • Maintanence after application success

  • The UCG 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

  • Duration to Set Up

    4-5 months