License for electronic money in Belize

Belize is one of the most prevalent offshore jurisdictions for licensing all types of financial and gambling business. Such level of authority among non-resident entrepreneurs is explained by the honesty and transparency of the state's legislative regulations, as well as the existence of a loyal tax policy towards foreign businessmen.

You can obtain license for electronic money in Belize with the help of our company's lawyers.

We carry out issuance of certificates for the use of interactive money within a long period of time, therefore we have a detailed understanding of each point of the country's legislative regulations. Lawyers accept applications from natural and legal persons residing in the territory of any state.

Issuance of permission for online currency is available only to the owners of LLC, due to which individuals will need the establishment of their own company in Belize. Our specialists carry out a full range of services for registration of private enterprises, opening of bank accounts, as well as obtaining license for all types of financial activities.

The procedure for obtaining license for virtual money in Belize

Foreign jurisdiction has a number of requirements for all types of counterparties that must be fulfilled before submitting application for an electronic currency certificate.

  1. The client is obliged to establish own enterprise in territory of one of the EU countries. The building in which the office will be located must fully meet the operational requirements. It is necessary to have connection to the Internet networks, telephony and other communications. The head office should be staffed with qualified employees. The company will periodically pass the state audit, due to which it is obliged to function in accordance with its own Charter. Formation of the office in Belize is possible through the procedure of passportization.
  2. The authorized capital of the corporation will depend on the level of turnover and scale of activity. The amount also depends on the services that the firm will provide. If the business plan provides for granting loans in electronic currency systems, the amount of nominal capital may be increased.
  3. The third condition is complete provision of data on the scope of activities of the enterprise and confirmation of the level of qualifications of employees from among the management team. For corporations that have been active and conduct operations for a long time, verification of the work experience of the Board of Directors can be abolished. However, provision of information on the main sources of income is necessary.

The procedure for obtaining license for electronic money in Belize begins with regular consultation. The conversation is scheduled for a time convenient for the client. We use various communication methods to facilitate interaction.

Depending on the category of counterparty, business plan, as well as the amount of funds available in free circulation, a scheme of tasks is elaborated, and implementation of the foregoing tasks will allow you to obtain certificate for the use of electronic money.

The client is required to provide us with certain types of personal documentation and a power of attorney to receive other forms. Law&Trust’s lawyers themselves contact all beneficial owner and co-owners of the corporation to receive their data. Also, our specialists verify and translate documents, after which the package of documents is sent to the expert commission of Belize.

Consideration takes up to six months, and you will receive information about the progress of the case from our specialists during the entire period.

 

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