When planning to start a forex business, the location is important. It dictates the taxation and the customer traffic that you’ll receive. When looking for a place that has few entry requirements and where the taxation system is flexible, you have to put Belize at the top of your list. Belize, previously known as British Honduras, is a low-tax jurisdiction. Companies registered in Belize are exempted from income tax. The other attraction is that there are very minimal requirements for applying for the forex license. In addition, the Belize forex license has no limit for investment opportunities.
Some of the licenses that you can get from Belize include:
• Trading in Forex Exchange
• Trading in financial commodity-based derivative instruments as well as other securities such as interest rates, stocks, futures, contracts for differences, and shares among others.
• Consultancy, brokerage, and advisory services in various financial services
Things That You Can Do With a Belize Forex License
1. Foreign Exchange (FX) Trading
The license allows you to engage in international money exchange services. You can exchange major currencies for profit. You’ll need at least $100,000 as capital to run an FX trading business in the country. You’ll need to be aware of the latest foreign exchange news to run this type of business.
2. Forex Brokerage
If you have the necessary experience in forex brokerage, you can offer your expertise to the local and international community as a forex advisor or consultant. Interested individuals can consult you on the best forex investment opportunities and how to make wise investments. You’ll need at least $25,000 as capital.
3. Security Trading
The forex license allows you to trade securities like stocks, shares, and futures in Belize. You just need to have the necessary knowledge of handling commodity-based forex trading lines. Like FX trading, you’ll need $100,000 to do security trading.
4. Money Services
Since money is a weighty subject in Belize, you’ll need a forex license to get into the business. Your options include:
• Money Transmission
• Money Processing
• Money Custody
• Money Lending
To get into this line of business, you’ll need at least $50,000 as capital.
5. Asset Protection & Management
Lastly, the Belize forex license will allow you to help your international customers to protect and manage their financial assets. The minimum capital investment required for this kind of business is $25,000.
After paying the necessary application fees and your license is approved, you can offer any of the above services freely in Belize. You just need to specify what your line of specialization is and stick to it.
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