Of late, we have been receiving inquires from a growing number of investors who wish trade in the Belize Forex Exchange. There questions mostly major on how can they obtain offshore brokerage licenses and what are some of the benefits of obtaining them. If you are one of them, then you’ll be pleased to know that a Belize is one of only two jurisdictions in the world that offers the lowest possible entry points for offshore brokerage with full custodial capabilities and no requirements for a local physical office or local director.
There were other jurisdictions like Mauritius and BVI that had similar entry point options. However, they have since changed and increased their costs and requirements.
If you are looking to set up an offshore forex brokerage firm, Belize is the best bet for you as it is only in this jurisdiction that you will get to enjoy the most cost-efficient regulated offshore brokerage options available anywhere in the world. Continue reading to learn more about the numerous benefits and how to obtain a Belize forex license.
Benefits of a Belize Offshore Forex Brokerage License
If you obtain an offshore forex license to open a brokerage firm in Belize, you’ll be allowed to:
- Set up a consultancy firm to provide clients with advisory services in a variety of financial services
- Trade in shares, stocks, futures, derivative, and other financial commodities
- Provide managed forex trading options
- Provide additional full-service brokerage options
- Provide clients with debit cards to make accessing their accounts more convenient for them
- Provide clients with services related to forex trading to allow them to open their own accounts with your firm
- Provide an online trading platform allowing your clients to make their own trades
On top of that, you can also use this license to conduct other financial activities, such as:
- Money brokering and exchange
- Lending money
- Offer payment processing services
How to Obtain this License
The following are some of the requirements you must meet to obtain an offshore Belize forex license:
- Form a Memorandum and Articles of Association detailing required share capital and affairs of brokerage
- Deposit $100,000 (which cannot be withdrawn for during the duration of the license) in a local bank account as full capital
- Present reference letters and CVs of each director together with the firm’s AML compliance manual and business plan
After meeting all these requirements, expect to be granted or denied the license after 6 to 8 months.
