Setting up a payment processing company in Belize is regulated by the Belize International Financial Services Commission (IFSC) which is responsible for licensing and regulating.
Key Features
- A domestic Belize company is required with its’ Memorandum of Association being specifically drafted to operate as a Forex Broker.
- The Company/Applicant has to deposit a minimum amount of US$ 50,000 to a local bank in Belize, and remain therein as paid up share capital.
- A resident Director is mandatory.
- No interview is required and there is no need to travel to Belize.
Legal Requirements
|
Requirements |
Description |
|
General |
|
|
Cayman Company or Trust |
|
USD 500 |
|
USD 5,000 |
|
Yes |
|
Share capital or equivalent |
|
|
· Minimum paid up capital |
USD 50,000 |
|
Directors |
|
|
2 |
|
Yes |
|
Yes |
|
Shareholders |
|
|
2 |
|
Yes |
|
No |
|
Service Providers Required |
|
|
No |
Tax Treatment
- Minimum or zero tax on capital gains, incomes, profits and dividends that accrue to the Fund.
- Minimum or zero tax on fees, commissions and profits earned.
Duration to Set Up
Around 3 months
Distinctive Benefits of Licence
- Minimal or no-tax status on income and profits, capital gains and dividends.
- The commissions, fees and profits are also either liable to minimal taxation, or exempted from tax.
- There are no exchange controls or restrictions on financial transfers that apply.
The Valsen 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