Overview of the types of Foreign Exchange Regulatory Licenses of the IFSC in Belize

Introduction to the business scope of the IFSC license in Belize

The International Financial Services Commission (IFSC) in Belize was established in 1999 to regulate the non-banking sector and includes both public and private businesses.

IFSC's responsibilities: to promote and develop Belize as an international financial services centre; to provide appropriate regulation and international financial services regulation; to protect and promote Belize's reputation as an offshore financial centre; to formulate policies and provisions for services such as government advice and assistance; and to collect, store and disseminate services related to reliable and timely information. ----（wisefc1）

Belize IFSC License Categories:

Type I Licence: Licence to professionally establish and administer international business companies and other offshore companies.

Type II Licences: Licences to professionally establish and administer trust companies, offshore trust companies, and licences to provide trust services.

Type III Licence: Licence for International Asset Management and Safeguard Services.

Type IV Licence: Remittance Service Licence.

Category V Licence: Payment Services Licence.

Category VI Licence: Forex Broker Licence.

Category 7 license: Financial securities dealer license, engaged in commodity derivatives trading, and other securities derivatives trading, including futures, options, interest rates, foreign exchange, equity, contract spreads, etc.

Category VIII Licence: Currency Broker Licence.

Category 9 Licence: Loan Licence. Type 9 Licences: Exchange Licences.

Category 10 Licence: Custodial Service Licence.

Type 11 Licence: Financial Services Licence.

Type 12 Licence: Licence for consulting and advising services.

Documents required for Financial Licence application from IFSC belize

1. Notarized documents of shareholders (directors) related to financial professional certificates

2. The shareholder (director) has no criminal certificate

3. Notarized documents and translated copies of passports

4. Original and translated copy of bank credit certificate

5. Proof of address and translation

6. Notarization of affidavit (supporting documents signed by the person)

There are a few points to note in terms of regulatory requirements: throughout the existence of a Belize financial license, the minimum capital requirement funds should be deposited in banks in Belize, in addition, Belize financial license holders can not be processed in Burley dollars, to hold customer funds, must obtain the International Financial Services Commission

There are a few points to note about in terms of regulatory requirements: throughout the life of a Belize financial license, the minimum capital requirement is for funds to be held in a bank in Belize City. In addition, Holders of Financial Licenses in Belize are not allowed to apply in Belize Dollars. To hold client funds, written approval from the International Financial Services Commission must be obtained, and client funds must be managed in isolation from the company's funds and deposited in different bank accounts. All licensed companies must submit monthly, quarterly and annual reports, mainly on capital requirements, margin requirements, income statements, details of the execution of transactions and other information required by regulators Belize IFSC license regulatory scope is wide, according to different needs to apply for corresponding regulation, the current application for foreign exchange platforms is more.

We work closely with local authorities, law firms and other legal entities to ensure your company meets regulatory requirements and can obtain official licensing. Whether your goal is to become a market maker, retail financial advisor, interactive broker, or broker, we have the solutions to do so.

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