Belize IBC’s with Special License
An International Business Company (IBC) is a proven corporate vehicle suitable for a wide range of international trading, investment and commercial activities. It is also the most popular type of offshore corporation commonly formed for asset protection, offshore banking and operation of businesses. According to Belize Legislation different activities can be carried out by an IBC registered in Belize once the company has procured a Special License.
The following licenses may be obtained from the International Financial Services Commission (IFSC) for activities with their minimum capital requirements listed below:
- Trading in foreign exchange – US$500,000
- 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.) – US$500,000
- Payment processing services – US$75,000
- International asset protection and management – US$25,000
- Money transmission services US$75,000
- Money brokering – US$75,000
- Money Exchange – US$75,000
Although an IBC registered in Belize could apply for a special license, it is crucial that the directors, officers and shareholders of the company have proper expertise and knowledge in the business activity the entity is planning to carry out. A detailed biographical affidavit about each person’s involvement in the company in regards to their previous professional work experiences, education and qualifications as well as business plan and financial projections will need to be submitted for review and approval by the Commission.
The process is simple for setting up a company with Special license. As a licensed Registered Agent, Zetland can assist with the preparation of the corporate documents with special memorandum and articles and bank account opening required for the paid up capital to be deposited and maintained in Belize. Upon completion of the incorporation of your company, we will further guide you through the entire application process for submission to the IFSC. We also do offer other professional services such as corporate nominee director/shareholder services as well as Individual Director/Shareholder.
If interested in any of the above-mentioned licensed activities or any other financial services, we are more than delighted to be of service.
For further details on fees and information, please feel free to contact Anju Gidwani, Director of the Belize Office (anju@zetland.biz)
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