Belize Payment Service Provider License (Money Transmission License)
Belize, a small Central American country, offers promising economic and business opportunities. Its tourism industry, natural resources, and pro-business policies make it an attractive investment destination. The thriving hospitality sector, diverse agriculture, and preferential trade agreements contribute to its economic growth. Additionally, Belize's offshore financial services and focus on sustainability create avenues for business development. With its strategic location and favourable business environment, Belize is a prime choice for entrepreneurs and investors seeking economic prospects.
The Belize Payment Service Provider License, and specifically, the Money Transmission License, is a regulatory license issued by the Financial Services Commission (FSC) in Belize. This license allows companies to operate as payment service providers or money transmitters within Belize or internationally.
Obtaining a PSP license is typically mandatory in many countries to ensure that payment service providers adhere to specific regulations and standards, including anti-money laundering (AML) and Know Your Customer (KYC) requirements. The license helps to maintain the integrity of the financial system, protect consumers, and prevent fraudulent activities.
By obtaining a PSP license, a company gains legal authorization to operate as a payment service provider and can offer its services to customers within the jurisdiction where the license is granted. It provides confidence to merchants and customers that the payment service provider complies with the necessary regulations and offers secure and trustworthy payment processing services.
Benefits of Belize Payment Service Provider License
General Information for Belize Payment Service Provider License | |
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Minimum Share Capital | US$75,000 |
Corporate Income Tax | 0% |
Approximate time frame for obtaining the License | 6-8 months |
Publicly Accessible Records | No |
Directors | At least 1 |
Shareholders | At least 1 |
Double Tax Agreements | Yes |
Local Requirements for a Company operating under Belize Payment Service Provider License | |
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Registered Address | Required |
Local Physical Office | Required |
Registered Agent / Company Secretary | Required |
Local Director | Required |
Local Employees | Not required |
Compliance Officer | Required |
AML/KYC procedures | Required |
Appointment of Auditor | Required |
Annual General Meeting | Can be held outside of Belize |
Annual Requirements for a Company operating under Belize Payment Service Provider License | |
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Financial statements | Required |
Audit | Required |
Confirmation statements | Required |
Cost of Belize Payment Service Provider License
From
€ 60000Belize Payment Service Provider License services fees
- Done within 6-8 months
- In compliance with Belize regulations
- Fast, convenient and confidential
- 24/7 support
- Just order, we do all for you