All about Wealth Management & Brokerage License in Belize
The International Financial Services Commission (IFSC)
- Asset Protection, Safe Custody and Wealth Management Services.
- Brokerage, Consultancy and Advisory Services in any financial services.
- Not authorised to hold clients' funds
- The Applicant must be a company incorporated in Belize.
- The company management must have the professional knowledge and expertise of the particular business.
- One director being a Belize resident is mandatory.
- The Company/Applicant has to deposit a minimum amount of US$75,000 to a local bank in Belize, and remain therein as paid up share capital. In case it intents to hold clients' funds it needs additional capital.
- License time-frame: 2-4 months from submission of application and subject to fit and proper personnel appointed on time.
- An external auditor has to be appointed, but need not be a Belize based audit firm.
- Accounting records and financial statements need to prepared by the company, and financial performance reports must be submitted to the IFSC on a quarterly basis.
Obtaining the Wealth Management & Brokerage License in Belize is a relatively quick process, and not too complicated, however a legal representative is a requirement. Our team of regulatory lawyers and consultants, offering a "one-stop-shop" package of services, can assist you on the whole set up, on drafting of all necessary documents and manuals which will accompany the application, on the licensing process and for on-going compliance requirements. We further assist on the Bank account opening in Belize, as well as on the appointment of a local Director.