Belize Private Fund

The Belize Mutual Funds Act defines a Private Fund as a fund that has less than fifty investors and the constitutional documents of which prohibit the offering of its shares to the general public. At application, a proposed private fund will be expected to demonstrate the “private basis” of offering its shares to prospective investors, and to explain what criteria will enable any particular investors to qualify as “private”. It remains with the Registrar of Mutual Funds to either accept or reject any such explanation.

Key Features

Belize Private Fund	Corporate Details
General
Type of Entity	Private  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	50
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