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Belize IBC Offshore Company Formation

Overview of a Belize International Business Company (IBC)

A Belize based International Business Company (IBC) offers prospective individual and corporations an ideal environment to form an offshore company.

Belize enacted the Companies Act in 1990 that created the legal structure for the offshore sector, which was further amended in 2000 to provide for added layers of flexibility and confidentiality. Since then its has become one of the top destinations for offshore business formations due to its strict confidentiality and non-disclosure laws, ease of procedures, and prominent location.

Belize is a paradise for potential customers not only because of its tropical location and vibrant culture, but also because of its stable political and economic systems, supportive Common law legal framework, and its highly connected infrastructure.

The country has stemmed off numerous attempts from the US to sign mutually shared information treaties. Despite such pressures, Belize responded firmly against such treaties and remains committed against the disclosure of offshore banking, financial and tax information for its non-residents customers.

Belize retains complete sovereignty over its offshore jurisdiction, thus it has some of the most flexible corporate requirements and supportive legal framework in the world, making it one of the most secure offshore destinations.

With low start-up costs, complete confidentiality and multiple layers of anonymity in a stable and low risk environment, its no wonder that Belize is one of the pioneers of offshore business formations.

Top Uses of a Belize IBC

Belize has very stringent confidentiality laws, greatly ensuring the privacy and the continuity of the country’s offshore banking sector. An offshore company can be made for any legal purpose and for any legal activity that are within the law and the company’s charter.

Some of most popular uses of a Belize IBC are, but not limited to:

  • Asset protection Company
  • Real Estate Holding Company
  • Tax planning
  • International financing
  • Assent Protection
  • Investment Company
  • Financial Management
  • General Commercial Trading

However, there are several restrictions that are placed on IBCs. Offshore companies cannot:

  •   Carry on business within Belize
  •   Conduct activities in real estate
  •   Hold shares, stock, debt  obligation or other securities in a local company
  •   Issue shares, stock, debt obligation or other  securities to any natural person in Belize.

Advantages of a Belize IBC

Forming an International Business Company (IBC) in Belize has many advantages including, but not limited to:

  • The ability to conduct business without using your name
  • Avoid paying taxes
  • Asset protection
  • Maintenance of privacy
  • Flexible currency holdings
  • Fast IBC Registry
  • No reporting or accounting requirements
  • No foreign information-exchange agreements on any grounds
  • Client confidentiality
  • One of the most secure and confidential offshore jurisdiction in the world
  • Robust and diversified national economy
  • Only country in Central America having English as its official language
  • Exemption from taxes on all income
  • Exemption from taxes on all dividends
  • No currency restrictions
  • Exemption from Stamp Duty
  • Exemption from taxes on all interests, rent, royalties, and compensations
  • Exemption from taxes on capital gains on shares, debt obligations and other securities

Key Corporate Features [Chart] of a Belize IBC

Belize IBC Corporate Details
General

Type of Entity Limited by Shares
Type of Law English Common Law
Governed by International Business Companies Act of 1990
Registered Office in Belize Yes
Shelf company availability Yes
Our time to establish a new company One business day
Minimum government fees (excluding taxation) USD $100
Corporate Taxation No
Access to Double Taxation Treaties Yes
Share capital or equivalent

Standard currency US Dollar
Belize dollar (Official currency);
fixed to USD $1 = $2 Belize
Permitted currencies Any
Minimum paid up No minimum
Usual authorized Any amount (USD $50,000 optimal)
Bearer shares allowed Yes
No par value shares allowed Yes
Directors

Minimum number One
Local required No
Publicly accessible records No
Location of meetings Anywhere
Corporate directorship allowed Yes
Shareholders

Minimum number One
Publicly accessible records No
Corporate shareholder allowed Yes
Location of meetings Anywhere
Company Secretary

Required No

Local or qualified No
Accounts

Requirements to prepare No

Audit requirements No
Requirements to file accounts No
Publicly accessible accounts No
Recurring Government Costs

Minimum Annual Tax / License Fee USD $100
Annual Return Filing Fee USD $100-$1000 depending on the amount of authorized capital
(*See Corporate Details section below for details)
Other

Requirement to file annual return No
Migration of domicile permitted Yes

Requirements for Incorporation of a Belize IBC

There are few requirements needed to establish a Belize IBC.

Taxation of a Belize IBC

An IBC based in Belize is not required to pay any tax on its operations outside the country. Tax exemption includes, but is not limited to:

  • Taxes on all income
  • Taxes on all dividends
  • Taxes on capital gains
  • Taxes on all royalties and compensations;
  • And taxes on all interests and rent.

There is a Business Tax on any business or enterprise that earns more than $75,000 a year; however, this tax does not apply to income earned outside the country, and therefore does not include any activities or operations of an IBC (due to the restrictions of carrying out business outside of the country).

Corporate Details of a Belize IBC

Security and Confidentiality

A Belize IBC is allowed to have nominee directors and shareholders to give another layer of anonymity, the details of which are not part of public record. A Belize IBC is protected from any expropriation orders by any foreign governments. Additionally, any changes of directors or shareholders are not required by Registry.

Limited Liability

Liability is limited to the amount of the nominal value of the shares

Required Capital

No minimums

Usual Authorized Share Capital

An IBC with an authorized share capital of up to US$50,000 must pay a licensing fee of US$100 per year. For any authorized share capital of more than US$50,000, the licensing fees increase to US$1,000 per year.

Financial Statements Required

A Belize IBC is not required to file financial statements

Company Secretary

The appointment of a company secretary is not mandatory

Directors

A Belize IBC must have a minimum of (1) one Director, which may be an individual or a corporate entity

Shareholders

There must be one (1) shareholder, either and individual or a corporate body

Powers of the Company

Companies incorporated in Belize have equal power as that of a natural person.

Double Taxation Treaties

No double taxation treaties with any other country

Registered Office Required

Every Belize IBC must have a registered office

Local Presence

There are no mandatory local presence requirements

Language of Name

English is the official language in Belize, though it is possible to incorporate an IBC in any language

Currency

Capital may be expressed in any currency

Meetings

Meetings of directors or shareholders may take place anywhere in the world by proxy

Filing and Auditing of Accounts

There are no requirements to file accounts or to have accounts audited. Public filing is limited to certificate of incorporation, memorandum and articles of association, registered office and name and address of registered agent.

Trading Restrictions

Belize based offshore IBC must not engage with any business activities within Belize

Name Restrictions

The name of a Belize IBC may not contain the words “Building Society”, “Chamber of Commerce”, “Chartered”, “Cooperative”, “Imperial”, “Municipal”, “Royal”, or any word that suggests the patronage of Her Majesty the Queen of England or of a member of the British Royal Family.

Double Tax Conventions and TIEA’s

Belize has Double Taxation agreements (DTC’s) with: Antigua & Barbuda, Austria, Barbados, Dominica, Grenada, Guyana, Jamaica, Saint Kitts & Nevis, Saint Lucia, Saint Vincent & the Grenadines, Trinidad & Tobago, and the United Kingdom.
Additionally, with the aim of being removed from the OECD grey list, like many other offshore financial centers in the Caribbean, Belize was pressured into signing TIEA’s (Tax Information Exchange Agreements) with: Australia, Belgium, Denmark, Faroe Islands, Finland, France, Greenland, Iceland, India, Ireland, Mexico, Netherlands, Norway, Poland, Portugal, South Africa, Sweden, and United Kingdom.

License Fee

There is a one-time registration payment of US$100. There is also an annual renewal fee:

  • An IBC with an authorized share capital up to US$50,000 must pay a licensing fee of US$100 per year
  • An IBC with an authorized share capital US$50,000 or more must pay a licensing fee of US$1,000 per year
  • An IBC with some or all of its shares of no par value, must pay a licensing fee of US$350 per year.

Belize IBC Company Formation
Products from Sovereign

Basic Belize IBC | USD $1,250

Includes:

  1. Certificate of Incorporation
  2. Certified copy of the Memorandum & Articles of Association
  3. Registered office & agent fee for the first year
  4. Government fees for the first year
  5. Company Secretarial Maintenance for the first year
  6. Certificate of Endorsement
  7. Articles of Incorporation
  8. Transfer of Subscription Rights
  9. Share Certificate(s)
  10. Initial corporate minutes resolution
  11. Apostille
  12. Register of Directors
  13. Register of Members
  14. Appointment of First Directors
  15. Consent Actions of the Board of Directors
  16. Company Seal

Order a Belize International Business Company from Sovereign (with or without a bank account) today. Click on the Let’s Get Started button below.

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