Belize Forex License, to become a foreign investor, one should consider investing in Belize Forex. Opening a forex trading account in Belize is easy. Setup times for such an offshore Forex broker are much less than in most onshore regimes. There are virtually no requirements for directors or investors to be residents in Belize either. Likewise, the same individual can fill both roles equally well. Meetings generally don’t have to be held within Belize either. No exchange control is required either. The lack of any such requirements allows offshore forex brokerage companies to operate very lightly, if at all. However, it is still highly recommended that investors do business only with authorized brokers. This will reduce the chances of fraud and make sure that licensed shareholders follow the game rules. It may also protect your personal assets should things go wrong.
Requirements and Documents
Investors usually need to have a minimum capital before they can set up a business. Most investors set up Belize Forex businesses with a small capital of just a few thousand dollars. This is usually where the term “handled” comes from. Limited liability companies are ideal for this kind of business since directors will only be liable for their investments and those of the company.
After investors have met the capital requirements, they can proceed to the next step, which is to prepare their application for a Belize Forex License. This application may be made online. However, a physical application can also be made if you have a fax machine. All the necessary documents must be in order before submitting your application. These documents include your passport, bank account details, registration letter, and other business requirements such as operating agreement, indemnity policy, and Memorandum and Articles of Association. Companies can choose to use either the electronic format or hard copy documents.
Benefits of Having Investments
Belize has its own currency, which is the Belizean dollar. To attract investors, the government offers some tax benefits to individuals who want to start a business in Belize through tax credit and asset protection. Tax credits are based on your place of residence, age, net worth, and investment amount. Asset protection is provided for the owners of commercial properties and certain land properties owned by foreigners.
When you apply for a foreign exchange broker’s license, you must ensure that you are well versed and knowledgeable about the local laws and requirements.