A money broker is a company that negotiates loans between banks or other financial institutions.
Fee and paid-up capital
An applicant should submit the following documents:
The following persons shall be eligible to obtain a licence:
No licence will be granted unless the applicant, if it is a company or other corporate entity, satisfies the IFSC that it has fully paid-up and unimpaired capital in the amounts set out in the Schedule of Fees in respect of the service or activity for which the licence is being applied, and that such capital has been deposited in a bank in Belize.
It shall be a condition of every licence granted that the licensee shall at all times maintain fully paid-up and unimpaired capital.
Licences will be granted on a calendar year basis and shall expire on 31 December each year.
Any person who for the purpose of obtaining an international financial services licence in Belize gives false, untrue or misleading information or fails to disclose material facts or circumstances, commits an offence and shall be liable on summary conviction to a fine not exceeding five thousand dollars or to imprisonment for a term not exceeding one year or to both such fine and imprisonment, and in addition, the licence granted to such person may be revoked by the IFSC.
For more information, please go to our steps to set-up an entity page to find out more.
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