{"id":1318,"date":"2016-11-29T09:21:45","date_gmt":"2016-11-29T09:21:45","guid":{"rendered":"http:\/\/www.makemoneytradingreviews.com\/?page_id=1318"},"modified":"2020-09-21T09:09:31","modified_gmt":"2020-09-21T09:09:31","slug":"ifsc-registered","status":"publish","type":"page","link":"https:\/\/www.makemoneytradingreviews.com\/ifsc-registered\/","title":{"rendered":"Belize as a Haven for International Companies"},"content":{"rendered":"
Belize is a little piece of heaven located on the Eastern coast of Central America. With a population of only slightly above 300,000, Belize\u2019s economy rests on agriculture, tourism, transport, and international trade. By 2000, over 15,000 international business companies registered in Belize to conduct their operations from there. This indicates that one of Belize\u2019s goals was to become a top offshore business destination. Belize is very efficient and fast with registration processing. Under normal circumstances, it only takes them a few days to register a company. The country is flexible by not demanding any residential status on behalf of the company owner. Also, they recognize a company which lists only one director or shareholder, and there is no requirement to appoint a local director. In addition, the names of the directors are not entered into the registry and their identities are not revealed in public documents. Last but not the least, the country exempts the offshore companies from taxes. Many Forex companies used the convenient conditions to their benefit and relocated their companies to Belize.<\/p>\n
<\/a>To ensure smooth business operations, the government appointed a body to regulate the international companies which headquartered in the country. The International Financial Securities Commission (IFSC) is the Belize agency for supervision of the financial market. It is based in Belize, Central America, and serves as an onshore and offshore regulator. IFSC dates back to 1999 when it was established and given legal power to license, supervise, and monitor all regulated companies and market participants. The IFSC works under the regulation of the Belize government. The IFSC was formed right after the new Belize government was established with the goal of developing offshore services. The adoption of the International Financial Securities Commission Act set the basis for promotion and protection of Belize as an international center for financial services. Belize is also devoted to eradicating money laundering as a member of the Caribbean Financial Action Task Force. Many international companies use the privilege to run their business offshore from Belize thanks to the IFSC license, which is easier to obtain than for example an FCA license (in the UK). Belize\u2019s financial services are now very well-known attracting many investors and capital market participants. The IFCS is an independent government agency, which means that it works on its own but under the rules set out by the government. Entities and businesses which apply for the IFSC license have to meet certain criteria like the minimum capital requirements, qualified employees, etc.<\/p>\nBest Forex Brokers<\/h3>\n