RSS| Belize - An Ideal Financial Tool | |
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Belize is an independent country located on the Caribbean Sea in mainland Central America with Mexico to the North and Guatemala to the South and West. It has a population of about 250,000 and covers an area 8,867 square miles. For nearly 4,000 years, it formed the keystone of the empire of the ancient Maya who developed, what was for their time, the most advanced civilization in the New World.
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| English is the official language although Spanish is also widely spoken. The ethnic mix is one of the most diverse in the Western Hemisphere. A Belize IBC is an offshore company that conducts its trading and business outside of Belize. | |
| Belize's legislation also allows an IBC to carry on the following activities within Belize: | |
| - Make or maintain deposits with local banks in Belize; - Make or maintain professional contact with persons in Belize; - Prepare or maintain books and records within Belize; - Hold meetings of its directors or members within Belize; - Hold lease of property for use as an office in Belize; - Own a vessel (s) registered in Belize in accordance with the Registration of Merchant Ships Act, 1989; - Hold shares in another Belize IBC. |
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A D V A N T A G E S O F I B C
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| An applicant must receive a licence from the Free Trade and Processing Zone at a cost of One Hundred United States Dollars (US$100.00) per annum to operate in the Free Trade and Processing Zone or in an area designated as appropriate by the Commission.
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T A X A T I O N
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| A Belize IBC is exempt from... - The payment of all forms of local taxation; - The payment of stamp duties for transactions in respect of its shares, - Debt obligations or other securities; - The payment of stamp duties with respect to all instruments relating in any - Way to its assets or activities.
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E X C H A N G E C O N T R O L
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A Belize IBC is not subject to exchange control regulations. |
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| S E C U R I T Y & C O N F I D E N T I A L I T Y | |
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With a Belize IBC... - disclosure of the beneficial owner(s) is not required; - share register may be inspected only by a shareholder; - nominee shareholders and bearer shares are permitted; - assets are protected from confiscation or expropriation orders or similar actions by foreign governments. |
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F I L I N G R E Q I R E M E N T
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With a Belize IBC... - only the Memorandum and Articles are required for public records; - the registration and deregistration of Registers of Directors, Members, and Mortgages and Charges are optional. |
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C O S T S A V I N G
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With a Belize IBC... |
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I N C O R P O R A T I O N
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With a Belize IBC... |
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In addition, Belize's legislation facilitates speedy and simple incorporation, and its modern and computerized IBC Registry is capable of incorporating a company within one hour. |
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