Foreign exchange, or Forex
for short, is one of the most attractive and lucrative trading markets. Investors who trade in foreign currency will need to apply for the Forex trading licenses in Belize
Applying for a special Forex trading license
Companies in Belize
that offer Forex services need to have a license for these types of activities. Belize is a country where the application process for this type of license is a simple one.
Companies that operate on the base of a Forex trading license can run a foreign currency brokerage firm and can provide trading services to their clients. When applying for a Forex trading license in Belize, companies have a high chance of obtaining the proper license when members of the company’s management team are financial experts and have relevant experience in this field.
Some of the benefits of having a Forex trading license include low operation, ownership and renewal costs, affordable license fees, simple approval process and simple due diligence requirements. There are no restrictions on nationality and no requirements for special accounting and bookkeeping.
Our Belize company registration experts
can help you with this application procedure and can also answer any other questions you might have about special licensing
and conditions for Belize companies.
The process of obtaining a Belize Forex trading license
Our team who specialized in Belize offshore company formation can also help you apply for and obtain a Forex trading license. Company owners are advised to request specialized services so that the procedure will be handled as fast as possible and with low costs.
Companies that apply for a forex trading license in Belize need to follow a few requirements. The most notable of these are outlined in the list below:
Have the qualifications needed to trade in foreign currencies: this applies to the directors of the Belize company who must have the relevant expertise in the field of FX trading.
The company must have an adequate capital: a mandatory requirement is in place for Belize companies that wish to engage in this type of activity, namely, they must have a minimum paid-up capital
Present the required documents: together with the application for a license, the company will also present documents such as the business plan and the financial forecast for the upcoming years
Bank confirmations: these refer to a confirmation from the bank that the statutory capital of the company has been paid-up when applying for the license
Conditions for companies in Belize
The minimum capital requirements may depend on the types of financial services offered by those who open a company in Belize
. Activities that include trading in forex and those related to other financial instruments (stocks, futures, etc.) will require a capital of approximately 100,000 USD. One of our agents can give you further information on how to open a company and the importance of the minimum share capital.
Companies in Belize need to obtain special permits and licenses, depending on the business activities they engage in. while Forex trading and trading in foreign exchange, in general, are regulated, other activities such as money brokering, broker and advisory services in the financial sector will also require special licenses.
You can contact us
if you have any questions about the special conditions needed to open an offshore company in Belize