Belize’s modern and up-to-date offshore legislation provides maximum flexibility in global asset protection and tax and investment planning.
Particular Features of a Belize IBC:
- Conducts its trading and business outside of Belize.
- Tax exempt from the payment of all forms of local taxation, the payment of stamp duties for transactions in respect of its shares and debt obligations or other securities.
- Absence of exchange control.
- Disclosure of the beneficial owner(s) is required;
- Nominee shareholders and bearer shares are permitted, these last need to be kept in custody in Belize;
- Assets are protected from confiscation or expropriation orders or similar actions by foreign governments.
- Security and Confidentiality.
- Only the Memorandum and Articles of Association are required for public records;
- The registration and de registration of Registers of Directors, Members, and Mortgages and Charges is optional.
- No minimum capital is required, no audit of accounts is required, no filing of annual returns is required, only one shareholder and one director are required, who may be a legal entity, no company secretary is required, no annual general meeting is required, meetings may be held outside of Belize, and attendants may be present therein by telephone or other electronic means;
- Shares may be issued with or without par value and in any currency.
- Registration in any foreign language is permitted.
- Re domiciliation into and out of Belize is permitted.
International Business Company (IBC) is incorporated under the Belize International Business Company Act adopted in 1990.
This Act absorbed and further developed the best provisions of BVI offshore corporate legislation. It is considered as one of the most friendly business legislation in the offshore-financial sector.
The word “Limited”, “Corporation”, “Incorporated”, “Societe 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 offshore IBC.
A suggested corporate name is not acceptable in the following cases:
- 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
- Indecent, offensive or objectionable.
Office Address and Local Agent
Registered office address must be located in Belize. Principal office address (business address) may be in any country.
Each company has to have a local registered agent authorized by the Belize government.
There is no Belize residency requirement. Shares could be issued to any individual or company.
A minimum of one shareholder is required. Just one share for US$1.00 could be issued to that shareholder.
Bearer shares may be issued but the original share certificate must be kept in Belize in custody of the registered agent.
Nominee shareholder services are available.
Directors and Officers
Any individual or legal entity (corporation or LLC), who is a resident of any country may be appointed as a director and officer of Belize offshore company.
One person could hold all positions, such as directors, president, secretary and treasurer. However, if you would like to have several directors in your Belize IBC, there is no problem. We could appoint any number of directors from a minimum of one to a maximum of six.
Nomine services are available.
Authorized capital of US$50,000 divided into 50,000 registered shares of US$1.00 each is considered as the standard authorized capital.
Authorized capital of Belize IBC is the amount, which the company may receive from its shareholders in consideration for the issued shares. For example, if a company has an authorized capital of US$50,000 divided into 50,000 registered shares of US$1.00 each, the company is allowed to issue up to 50,000 registered shares and receive from its shareholders not less that US$1 for each issued share.
Authorized capital affects the government incorporation fee and annual fee.
The lowest incorporation and annual government fee of US$100 is applicable, when IBC has authorized capital up to US$50,000.
The highest incorporation and annual government fee of US$1,000 must be paid, when authorized capital exceeds US$50,000.
If Belize IBC has no authorized capital and all its shares have no par value, the government fee is US$350.
Belize IBC is exempt from all local taxes including income tax, capital gain tax, dividend tax, and stamp duty on transfer of corporate shares, and other property.
Belize has exchange of information relationships with 88 jurisdictions through 12 DTCs, 18 TIEAs and 1 multilateral mechanism, more specifically the Convention on Mutual Administrative Assistance in Tax Matters.
Each Belize IBC must pay the annual renewal fee starting from the second year.
Information about all persons connected to Belize IBC is completely private.
The Memorandum and Articles of Association is the only document filed with the Belize Registrar. This documents does not include any information about corporate directors, officers, shareholders and beneficial owners. It lists only name of the Belize registered agent and Belize registered office address.
Accounting and Audit Requirements
There are no statutory requirements of audit for Belize international business companies.
In October 2013 Belize enacted the Accounting Records (Maintenance) Act. According to the Act all international business companies are required to maintain accounting records and keep them in any place within or outside of Belize as may be determined by the Board of directors.
There is no requirement to file tax returns with the Belize tax authority or any other Belize government organization. As a result, your Belize company will get a great advantage – on one side the requirement to keep accounting records creates onshore image for the company, but on other side the company is not required to file tax returns and pay taxes in Belize, which in fact preserves its offshore essential nature.
Annual General Meeting
Annual meetings are not required. Board of directors may decide to conduct an annual meeting of shareholders in any place inside and outside of Belize.
Time Required for Incorporation
We incorporate all Belize offshore companies the same or next business day.
Additional 2 to 4 business days are required for preparation of resolutions, share certificates, registers and legalization of corporate documents with Apostille.
Samuel Lewis Avenue and 55th Street PH SL 55 Building, Suit 3 Panama City, Panama
0834-1987 Panama, Republic of Panama
Toll free from the US/Canada: + 1-800-961-9655
Toll free from Switzerland: + 41 0800-562068
From the UK please dial: +44-2081149531