Belize Private Fund

The Belize Mutual Funds Act defines a Private Fund as a fund that has less than fifty investors and the constitutional documents of which prohibit the offering of its shares to the general public. At application, a proposed private fund will be expected to demonstrate the “private basis” of offering its shares to prospective investors, and to explain what criteria will enable any particular investors to qualify as “private”. It remains with the Registrar of Mutual Funds to either accept or reject any such explanation.

Key Features

Belize Private Fund

Corporate Details

General

  • Type of Entity

Private  Fund

  • Type of Law

English Common Law

  • Registered Office in Belize

Yes

  • Other Local Service Providers

Yes

  • Our time to obtain licence

3 Months

  • Corporate Taxation

No

Share capital or equivalent

  • Standard currency

US$

  • Permitted currencies

Any

  • Minimum Subscription

None

  • Minimum Investors

50

Directors

  • Minimum number

2

  • Local required

No

  • Corporate directorship allowed

Yes

Service Providers

  • Custodian

Yes

  • Fund Manager/Investment Manger

Yes

  • Fund administrator

Yes

  • Auditors

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

 Advantages

  1. No exchange controls or restrictions on financial transfers
  2. There are no minimum capital requirements
  3. Minimum or zero tax on capital gains, incomes, profits and dividends that accrue to the Fund.
  4. There are no statutory limitations as regards the investment policies

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support