About the country

Forex License in Belize offers a competitive forex industry legislation framework, in a strong and highly regulated infrastructure. It is necessary to know the required application process before you initiate to obtain a Belize broker license. It is equally essential to have knowledge of the regulatory body that issues Belize broker licenses. This assures that the license procedure is conducted in observance of rules and regulations as give out by Belize’s regulatory authority.

Advantages of incorporating a Company in Belize:

  • Low cost license fee in comparison to other jurisdictions.
  • Fast process (up to 6 weeks)
  • Range of option to open Belize offshore merchant account to the company
  • Belize IFSC license is considered as one of the more efficient forex regulated licenses.
  • It is well recognized by international banks, Payments providers and financial institutions.

About Licensing Body (IFSC)

The following types of licenses can be of particular interest to forex brokers and traders:
  • Trading in Foreign Exchange (Forex, FX)
  • Trading in Financial Commodity-Based Derivative Instruments and Other Securities (futures, options, interest rates, shares, stock, contracts for differences etc.)
  • Brokerage, Consultancy and Advisory Services in any financial services
If you are engaged in:
  • International Asset Protection and Management
  • Money Transmission Services
  • Payment Processing Services
  • Money Brokering
  • Money Lending and Pawning
  • Money Exchange
  • Safe Custody Services
then a respective license for any of the said activities can also be applied for.

Our Process for Belize Forex Company Formation includes:

  • Assembling and preparing all the documents, including due diligence.
  • Getting registration as Belize Company with paid up capital over $500,000. It also consists of a particular company with 100,000 shares with virtual company address.
  • Submitting all the required corporate documents and business plans to the IFSC for starting with application of the process.
  • Account opening in a local bank for fulfilling paid up capital requirements. Supporting and providing of minor documents needed during the process of Deposit of funds at a local bank account in for the satisfaction of capital requirement for the IFSC.
  • Open a corporate A/C in EU bank for operational needs.
  • acquiescence of the letter from a local bank to the IFSC that the capital requirements are fulfilled.
  • Finalizing bank account opening in the EU bank and delivery of documents to the Client. Obtaining the receipt of license from the IFSC and delivering documents to the Client.

Documents Required

From the Client
  • Director’(s) or shareholder’(s) letter attached with statement of bank account
  • Passport copy should be mandatorily notarized while the text should be in English language
  • The copy of educational degree certificate should be in English
  • Utility bill from the period of last 3 months (attached with original Copy)
Note:All of the documents should have 2 copies, 1st will be submitted to the IFSC, while another one will be duly submitted to the respective Bank for account-opening purpose
Related to the process
  • Application Form by IFSC, Belize
  • Bank application forms
  • ML Procedures
  • Business Plan
  • 5-year financial forecast
  • affidavit of directors’ bio data
  • Balance sheet with forecast description
  • AML/CFT FAQ’s Declaration
Exclusions
  • trademark applications, IP Agreements and Domain Name Registration.
  • website preparation as well as the preparation or review of any other marketing material.
  • Providing assistance with the purchase and negotiations for MT4 server or any other trading platform
  • Assessment or testing of the entity’s proposed trading platform
  • Assisting with the execution of Know Your Customer (“KYC”) processes or other compliance processes.