Procedure of the License acquisition
In state of Belize the investment license is issued in case of an availability of the registration documentation, an authorized capital (its amount varies depending on the activity type) as well as duties paid.
The procedure is divided into several stages:
- Registration of the company, which will apply for the license. Usually it takes 24 hours and more and will require a submission of a filled-in form, a copy of passport and paid services with translation into English (as well as their notarization).
- Opening of an account in a bank, which jurisdiction should be Belize. The investment license is issued after a deposition of own money funds into the account (from 25 to 500 thousand USD depending on the type) and their freezing for the whole period of activity.
- Payment of a registration fee, an annual duty for the license (2.5-5 thousand USD).
- A transfer of all documentation to IFSC for consideration and approval. It issues the answer usually in 4-8 weeks.
To receive the documents it is necessary to have a person having a financial or a legal education in the company’s staff. A director,-being a resident of the country, an address for registration and recommendations from bank and a professional law or audit company are also required.