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 GPM as planned. The survey address is New Horizon BuildinG, Ground Floor, 3 1/2 Miles Philip S. W., Goldson HiGhway, BELIZE CITY, Belize C.A.

According to the above address, the survey personnel came to Belize City, the destination of the current survey, which is a port city in the northeast of Belize in Central America. The trader's business address is located in the suburbs, where most of them are construction or building materials companies. The destination is a brown building called New Horizon Building next to the road. There is a sign on the roadside for HORIZON ACADEMY and PUMPS & MOTOR BELIZE LTD, and there is no office for the dealer GPM. Therefore, the investigators confirmed that the trader GPM does not have an office here.

Conclusion

The investigators went to Belize to visit the foreign exchange dealer GPM 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.