The below is important information you want to know before you apply for a Belize Financial Service License with the FSC in Belize.
Since it's not an easy task to get through we find it important to showcase the most important information and documents you need to have available by e-mail at the time you want to apply for the license:
1) Standard Documents:
2) biographical affidavit the following requires your attention:
3) the License Application we noted the following:
4) Other Documents
Of importance also are these pending documents on behalf of the company: Business Plan, AML Policy and Customer Compliant Handling Procedures.
We wish to advise you that it is essential that supporting documents be presented on your clients to prove to IFSC that these clients are 'fit and proper' for license.
This thread will be updated as new information get available, you may want to bookmark it in order to remember where to look for up to date information.
Last edited by a moderator: Nov 24, 2015
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Since it's not an easy task to get through we find it important to showcase the most important information and documents you need to have available by e-mail at the time you want to apply for the license:
1) Standard Documents:
- Certified copy of Passport ID is acceptable but we suggest providing the same in color
- Letter of reference provided should not have be character reference than a professional reference and should state the period of relationship with XX. Please state the period of relationship with XX
- Please provide us with a colored copy of (bachelor & masters degree certificates) if available
- Police record is mandatory and can be provide by your local police station
2) biographical affidavit the following requires your attention:
- Item 7 does not include the information on the masters Degree which is to be inserted there also.
- Item 11 (a & b) needs to be corrected as the IFSC Commission requires that all information stated can be verified. This includes past and present employers.
- Item 15 you need to insert (YOUR BELIZE COMPANY LTD) if you hold 30% shareholding in the company.
3) the License Application we noted the following:
- Under Item “L” you inserted position of director for 3 different companies on behalf of XXYY but it's important to know the nature business for these companies as it relates to the required license. Additionally, we need educational qualification of XXYY inserted here.
- Item “R” is still not completed with the selected license requesting. It is important to put in here what license you apply for.
4) Other Documents
Of importance also are these pending documents on behalf of the company: Business Plan, AML Policy and Customer Compliant Handling Procedures.
We wish to advise you that it is essential that supporting documents be presented on your clients to prove to IFSC that these clients are 'fit and proper' for license.
This thread will be updated as new information get available, you may want to bookmark it in order to remember where to look for up to date information.
Last edited by a moderator: Nov 24, 2015
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
