What Are the New Fees and Capital Requirements Required by Belize's IFSC?

[kreslik.news]

Belize’s International Financial Services Commission (IFSC) has made a number of key changes to its fee requirements for brokers and providers operating in the country, including notable jumps in its minimum capital requirements that look to dramatically reshape the playing field in the country.

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Previously, many financial service providers in Belize had enjoyed relative low capital requirements and very lax licensing fees. Relative to other locales or regulatory jurisdictions in the Western Hemisphere, Belize’s IFSC registered but a fraction of the fees incurred via other regulatory entities.

As per a new ... (read more)