LICENSES IN BELIZE

We are also experienced in procuring all types of licenses required when conducting business in Belize. These include but are not limited to the following licenses in Belize:

  • Trade License
  • General Sales Tax Registration
  • Business Tax Registration
  • Central Bank Permit for Foreign Ownership of a Belize Company
  • NGO Status Approval

INTERNATIONAL FINANCIAL SERVICES

Belize passed the International Financial Services Commission Act, Chapter 272, of the Laws of Belize recently, which resulted in the for creation of the International Financial Services Commission ("IFSC") which is charged with the following:

  • Promoting the growth of the international financial services industry;
  • Overseeing and regulating the IFS providers;
  • Providing advice and consultations to the Government on the regulation of the IFS industry.

The Act also provides for the following list of international financial services:

  1. Formation or management of international business companies or other offshore companies
  2. Trust formation and management of offshore trusts and provision of trustee services
  3. International asset protection and management
  4. Money transmission services
  5. Payment processing services
  6. Trading in foreign exchange
  7. Trading in financial and commodity-based derivative instruments and other securities (e.g. futures, options, interest rates, foreign exchange instruments, shares, stock, contracts for differences, etc.)
  8. Money brokering
  9. Money lending and pawning
  10. Money exchange
  11. Safe custody services
  12. Accounting services
  13. Brokerage, consultancy or advisory services in any of the above services

A party wishing to carry on any of the above activities must obtain a license from the IFSC. The Act stipulates that all applications for a license must be procured with the assistance of an attorney at law or an IFSC licensee.

In order to file an application on your behalf we require the following:

  • Completed Application
  • Biographical affidavits for all directors
  • Biographical affidavits from all shareholders and officers
  • Proof of payment of an annual license fee.
  • Proof of payment of paid up capital must be deposited with a local financial institution.

Please feel free to contact us for our fees in assisting with your application.