The International Financial Services Commission is responsible for the licensing, regulation and supervision of firms engaged in the conduct of international financial services in and from within Belize pursuant to the International Financial Services Commission Act, Chapter 272 of the Laws of Belize, Revised Edition 2011. The Commission has the duty, in collaboration with its licensees, to promote and maintain high standards of conduct and management in the provision of international financial services.
Guidance for licensees/IFS Practitioners
This page will include all practical guidance for licensees/IFS Practitioners.
Belize Economic Substance Requirements
Economic Substance Flow Chart Download This flowchart is issued by the IFSC and is intended to provide a high-level illustration of the logical sequence and reference point in dealing with the requirements of the Economic…
G-CID-No 2.1 of 2019 – Guidelines to determine the eligibility of a Belize International Business Company (IBC) to continue holding, owning or dealing with IP Assets up to 30th June 2021 (The “Grandfathered Period”)
Update to Regulatory Guidelines G CID No. 2.1 of 2019 Download Now
GUIDELINES FOR THE APPLICATION TO RENEW A LICENCE
REGULATORY GUIDELINES: LA No 2, 2018 Rev. 1DOWNLOAD
GUIDELINES TO APPLY FOR A FIRST ISSUE LICENCE
REGULATORY GUIDELINES: LA No 1, 2019 Guideline for the application of a first issue licence Download
Guidelines for the establishment or acquisition of an overseas branch, subsidiary, or representative office.
Click To View ‘Guideline LA No 1 2018’DOWNLOAD
Procedures for obtaining a licence
Applicants are required to provide such information and/or documentation to demonstrate that the requirements for an IFSC licence have been satisfied. The procedures outlined below facilitate the process by enabling easy identification of documentation submitted…
GUIDANCE NOTE G-CD-No.12. 7 of 2020
Applicability of Economic Substance Requirements to Struck-Off International Business Companies (IBCs) Download
Economic Substance Guidance Notes G-CD-No.11. 6 of 2020
For the attention of all Licensees and International Business Companies (IBCs):Licensees and IBCs are aware that the International Financial Services Commission (the “Commission”) has launched and publicized its Economic Substance Forms, B, C and D…
Economic Substance Guidance Notes G-CD-No.10. 5 of 2020
For the attention of all Licensees and International Business Companies (IBCs): The International Financial Services Commission (the “Commission”) hereby launches and publicizes its Economic Substance Forms, B, C and D (the “Forms”). The Forms are…
GUIDANCE NOTICE Managing Agent Regulations
G-CD-No.9. 4 of 2020Download
GUIDANCE NOTE INTERNATIONAL BUSINESS COMPANIES (AMENDMENT) ACT, 2018
IFSC INTERPRETATION OF THE GRANDFATHERING OF ELIGIBILTY FOR TAX EXEMPTION AND EXEMPTION FROM ECONOMIC SUBSTANCE G-CD-No.8. 3 of 2020 Download
Economic Substance Guidance Notes G-CD-No.7. 2 of 2020
G-CD-No.7. 2 of 2020Download
Economic Substance Guidance Notes
CD-CID-No.1. 1 of 2019 Rev. 2 Guidance Notes March 3, 2020Download
Economic Substance Guidance Notes CD-CID-No.1. 1 of 2019 Rev. 1
CD-CID-No.1. 1 of 2019 Rev.1 Download
Intellectual Property (IP) Assets Grandfathering Certification Programme – G-CID-No.6. 1 of 2020
Announcement in relation to the deadline to submit IPAG forms Download
Intellectual Property (IP) Assets Grandfathering Certification Programme – Update
G-CID-No.5. 4 of 2019 Download G-CID-No.5.-4-of-2019
Intellectual Property (IP) Assets Grandfathering Certification Programme
G-CID-No.4. 3 of 2019 Download G-CID-No.4. 3 of 2019
Compliance and Inspections – MINIMUM STANDARDS FOR APPOINTMENT OF EXTERNAL AUDITORS
MINIMUM STANDARDS FOR APPOINTMENT OF EXTERNAL AUDITORS 1. INTRODUCTION 1.1. The International Financial Services Commission (the “Commission”) is responsible for the licensing, regulation and supervision of firms engaged in the conduct of international financial services…
Licensing and Authorizations Division – GUIDELINES FOR THE APPLICATION TO RENEW A LICENCE
GUIDELINES FOR THE APPLICATION TO RENEW A LICENCE INTRODUCTION The International Financial Services Commission (the “Commission”) is responsible for the licensing, regulation and supervision of firms engaged in the conduct of international financial services in…
GN N0. 2 of 2018 – Existing Branches Subsidiary Representative Offices
This Guidance Note clarifies the International Financial Services Commission’s (the “Commission”) policy with respect to the Guidelines for the Establishment or Acquisition of an Overseas Branch, Subsidiary, or Representative Office (LA No 1 of 2018).…
GN No 1 of 2018 – Fees & Other Charges Levied by IFS Practitioners
The International Financial Services Commission (the “Commission”) has been receiving complaints about levying of excessive fees and other charges, particularly so-called “exit/transfer fees” by IFS Practitioners. Though fees charged by IFS Practitioners are not expressly…
ANNUAL CONFIRMATION OF TAX EXEMPTION FOR INTERNATIONAL BUSINESS COMPANIES WITHOUT ECONOMIC SUBSTANCE
Annual confirmation of tax exemption for IBCs without economic substance Download
ECONOMIC SUBSTANCE ACT, 2019 FORM C
PURE EQUITY HOLDING COMPANIES FORM-C Download
ECONOMIC SUBSTANCE ACT, 2019 FORM B
INCLUDED ENTITIES OR HOLDING COMPANIES (ENGAGED, WHOLLY OR IN PART, IN RELEVANT ACTIVITIES FORM B Download
AML/CFT QUESTIONNAIRE FOR SERVICE PROVIDERS
IFSC AML CFT Questionnaire Download
LICENCE RENEWAL APPLICATION FORM (B)
This form is used when applying for the renewal of a licence as a requirement set out at Item 4.5 (C) in the Regulatory Guidelines “LA No 2, 2018”. Download
Existing Branch Or Subsidiary Representative Offices
Existing Branch or Subsidiary Representative OfficesDownload
INTELLECTUAL PROPERTY (IP) ASSETS GRANDFATHERING CERTIFICATION PROGRAMME
International Business Companies (IBC) Holding, Owning or Dealing with IP Assets Download IPAG FORM
Licence Renewal Application Form A
Application to renew a LICENCE to carry on, provide or transact any of the International Financial Services in or from within Belize: Updated Licence Renewal Application Form A DOWNLOAD
Worksheets for Licence Renewal Application Form B
Final Worksheets for Licence Renewal Application Form BDOWNLOAD
Application for Licence
Application for a LICENCE to carry on, provide or transact any of the international financial services in or from within Belize. Click To View ‘Application for Licence 1’ DOWNLOAD
Application for Registration as Principal A Insurance Representative
Please complete all sections as fully as possible giving reasons for any non completion and attaching suitably identified apprentices, where applicable. 1. ________________________________Full name of applicant’s2. Address in Belize of applicant’s (a) Principal Office _________________________…
Register International Insurance
Please complete all sections as fully as possible, giving reasons for non-completion of any section and attaching apprendices where appropriate. Full name of applicant _________________________________ _________________________________Date on which applicant commenced, or intends to commence, carrying…
Register Insure Manage
APPLICATION FOR REGISTRATION AS AN INSURANCE MANAGER Applicant’s full name or proposed name for registration ________________________________________________ ________________________________________________Applicant’s business address in Belize _________________________________________________ _________________________________________________ _________________________________________________Attach copy of applicant’s Memorandum and Articles of Association as Exhibit I.…
International Foundation Sample Foundation Charter
(1) In this Charter, “the Act” means the International Foundations Act of Belize (No. 2 of 2010). (2) In the interpretation of the terms of this Charter, the rules of interpretation set out in section…
Guideline for Appointment of an External Auditor
INTRODUCTION 1.1. The International Financial Services Commission (the “Commission”) is responsible for the licensing, regulation and supervision of firms engaged in the conduct of international financial services in and from within Belize pursuant to International…
International Foundation Registered Agent Certificate
Click To View ‘Registered Agent Certificate’ DOWNLOAD
