Forex is short for foreign exchange
or FX and it refers to trading in foreign currencies on a decentralized global market. The market is a very large one, mostly liquid, with a considerable average daily trading volume. A Forex trading license gives the permission to legally provide trading services in foreign exchange to clients for the region in which the license is awarded.
In order to obtain a forex trading license in Belize, investors need to observe the application procedure and comply with the ongoing regulations, as they are defined by the Belize laws.
Our team of Belize company formation agents
can help you obtain the needed trading licenses and handle any other type of licensing matter for your company.
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
Other considerations for companies in Belize
The company that submits the forex license application
does not need to have an operational office in Belize, not is it mandatory for it to hire local staff. One of our Belize offshore company formation specialists
can help you with additional information.
Please do not hesitate to contact us
if you need detailed information on how to open an offshore company in Belize