(Part II) What options are there?
Firstly and most importantly the following questions need to be figured out! Will it be company trading its own money, or trading third party moneys? Will it be brokerage firm or collective investment vehicle? When one is interested in investing their own money, no Special licenses or vehicles are needed, absolutely regular IBC is suited for this! Special licences or vehicles are needed as soon as company is planning to trade third party money! When FX Company executes trades from segregated accounts, while mutual funds pools funds from investors into one account with a fund manager that makes trades on behalf of the fund. These questions need to be clear and understood before even starting to think at all!
Option one, company is going to hold personal funds, accounts or any property, then on invest its own money somewhere! In this scenario, all you need is a regular IBC. You can set up simple holding company, and then on what you do with your money or accounts is up to you!
Option two, company is going to be trading third party money, this will be a business that involves money transmission services! Here you need a Special License, otherwise you can get into trouble! We can help with licensing in Belize as an FX trader. This can be done under the Belize IFSC Statutory Instrument No 67 of 2007. To be more specific, we can help to get licensed in Belize as an FX trader under sixteen different types of licenses.
Option Three, company is planning to pool funds from investors into one account. This account will have its own manager, who will thereafter invest and manage all the funds on behalf of the investors!
Stay tuned and read my next blogs, where I will explain more about setting up an IBC, how to obtain a Special License for it, what is needed and what will be required from you. Also I will explain how to set up a Mutual Fund, and also what is needed for it and what will be required from you!
Thank you for reading my post! And you are welcome to leave comments, feedback, suggestions for other posts or contact me for more information.
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