Belize International Business Company (IBC) becomes increasingly popular offshore legal entity due to one of the highest level of privacy protection, quick incorporation and inexpensive annual fee.
Belize is an independent country, beautiful by nature, located on the Caribbean coast of Central America. It has an area of approximately 9,000sq miles being 174 miles at its longest point and 68 miles at its widest point. The total population is estimated at 301,022.
Belize IBC is an ideal financial location for individuals and corporations seeking to gain tax advantages with confidentiality. A Belize offshore can be used for asset protection, estate planning, tax mitigation and privacy. The most direct path toward attaining these advantages is by the formation of an international business company, commonly referred to as a Belize IBC.
Advantages of Belize International Business Company
- No dividend tax
- No capital gain tax
- No profit tax
- No inheritance tax or vat
- No audit or reporting requirements. Exemption from all local taxes and stamp duty
- Maximum confidentiality and anonymity
- Ease of operation, maintenance and control
- Asset security
- 1st year government fees
- Registered office
- Registered agent
- Incorporation fee
Characteristic of Belize Company
|Principal Legislation||Belize International Business Company Act adopted in 1990|
|Type of Law||Common Law (English Law)|
|Share capital||No requirement|
|Restriction on business activities||· Cannot engage in any business, in the name of your IBC, within Belize
· Cannot own real estate in Belize
· Cannot hold shares in a Belize local company
· Cannot allow locals to hold shares in an IBC unless it is in a nominee capacity
|Registered office||Address of the registered agent.
No local secretary required.
|Directors||Minimum 1 , corporate owner is acceptable|
|Publicly Accessible Records||High level anonymity and privacy. Information about beneficial owners, shareholders, directors and officers is not filed with the Belize government, and not available to the public.
The Memorandum and Articles of Association is the only document filed with the Belize Registrar
|Location of Meeting||No restrictions|
|Personal presence required||No|
|Requirement of file accounts / annual return||keep accounting records and the location of the records has to be stated in the company’s legislation
No requirement to file any accounts
|Audit requirement||Not required to provide annual audit report
|Company name restricted words||· Confusingly similar to a name of the already existing Belize company
· Contains the words “Building Society”, “Chamber of Commerce”, “Chartered”, “Cooperative”, “Imperial”, “Municipal”, “Royal”, “Assurance”, “Bank”, “Insurance” or “Trust”
· Suggests a patronage of the Queen or a member of the Royal Family
|Permitted Company Name||The word “Limited”, “Corporation”, “Incorporated”, “Society Anonyme” or “Sociedad Anonima” or “Aktiengesellschaft” or the abbreviation “Ltd”, “Corp”, “Inc” or “S.A.” or “A.S.” or “A.G.” must be part of the name of every Belize IBC.
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