Reason for this visit

Belize is a very suitable jurisdiction for offshore activities and its legislation has been adapted to the needs of investors. However, most types of activities require special permission from the authorities. The license is issued by the country's international commission in order to regulate the whole financial sector. As a result, for various financial services (foreign exchange, trust management, currency exchange, credit operations, financial and advisory services, etc.), the issuance procedure is practically the same. Belize is a highly desirable region when it comes to offshore business, with an open-minded and tolerant policy towards all kinds of financial activities. In order to help investors or practitioners have a more comprehensive understanding of Belize's foreign exchange dealers, the survey team is going to the country for on-site visits.

On-site visit

This time the survey team went to Belize to visit the foreign exchange dealer TradeATF as planned. The survey address was NO. 5 Cork STreeT BELIZE CITY, Belize C. A.

According to the above address, the survey personnel came to Belize City, the destination of this survey. Belize City is a port city in the northeast of Belize, Central America, and it is a commercial area. The destination building was under reconstruction and was not in normal operation, and no water sign could be found. On the map, the investigators found that the address was the registered place of another company named Orion Corporate & Trust Services, so they confirmed that the dealer did not have an office here. It is worth noting that this address was repeatedly registered by multiple local traders.

Conclusion

The investigators went to Belize to visit the foreign exchange dealer TradeATF as planned, but did not find the dealer's office at its publicly displayed business address. The dealer may have just registered a company at this address without a real business venue. Please choose this dealer carefully.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.