Belize, an English-speaking nation in the heart of Central America, is a comparative newcomer in the field of international business services. Since achieving sovereignty from Britain in 1981, Belize has been attempting to expand its economy away from the farming sector. Belize, therefore, saw the international financial services area as a window of possibility where it could attempt to gain competitive ground. Belize also receives a large income from the tourism sector.
Incorporation & obtaining license: 3-4 months
Minimum paid up capital: 57500.00 Pound
License fee: £ 920.00 + VAT
License renewal: 4200.00 Pound
Belize´s governments promote the fast and simple establishment, and its current and computerized IBC Registry is able to process an organization registration instantly.
To meet the expectations of advanced investors throughout the globe Belize now offers a full bundle of financing vehicles. Due to such enlargement of services Belize has grown a more charming place for starting a business. For the aforementioned purposes, this Central American country has grown a “one-stop shop” jurisdiction.
Money Transmission License allows IBC to offer money transfer assistance or payment devices on an international level by any means, including, although not limited to, an order, electronic, wire, fax transfer, and currency exchange. In order to get such a license, IBC has to be made accurately and to carry out any money transmission activities.
Normally, in order to function properly it is essential to have:
- Business and registered office
- Bank account
- Functional Website
- Registered relevant share capital
- Adequate experience, eligibilities, and experience
- One executive in the structure
- Registered agent
Applicants need to have
Please record that the appellants shall present information regarding the following:
Experience – shareholders, and managers must fit such a position (i.e. the individual must have a history in affording expected financial services. This should be shown in the CV and information should be provable.
Company Website –must be outfitted with all important and essential knowledge that fully tells consumers about services, commodities, terms and conditions and other necessary things in order to answer the concerns of clients and conditions of the regulator. A website can be in draft version, however, most of the data should be ready and in order.
*The capital has to be placed in a bank in Belize and managed completely paid up and perfect at all times during the operation of the licensed services and activities.