Belize IBC. Belize Company Formation.
Worldwide Incorporation Services specializes in Belize Company Registration (IBC) and opening offshore bank accounts.
Belize – General Information
The Advantages of Belize Company Formation
Belize is an ideal financial location for individuals and corporations seeking to gain tax advantages with confidentiality. A Belize offshore company 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 Offshore Company – Belize IBC.
The system of government of Belize makes it a stable country suitable for maintaining offshore companies. Belize has been independent from the United Kingdom since 1981 and is a recognized and accepted member of many international organizations like the commonwealth, the United Nations and the Organization of American states. Like other commonwealth countries which include Canada, Australia, Jamaica and New Zealand, Queen Elizabeth II remains the Head of State of Belize, while a prime minister works as the head of the Belizean government. The stability of the government is therefore guaranteed.
A Belize IBC is exempt from local taxes including income tax, capital gains tax, dividend taxes and stamp duty on transfer of corporate shares or any other type of property. This simply means that the government of Belize does not demand taxes of any kind from any company registered as an International Business Company in the Belize Tax Haven. The only payment that a Belize IBC makes to the government is the annual business license renewal fee which is either $150 for an Authorized Capital of the Belize IBC of up to $50,000 or the fee is $1,000 for capital above $50,000.
No Annual Reports
Belize IBCs and other forms of offshore companies in the Belize Tax Haven are not required to file any financial or tax records although a law enacted in 2013 requires every Belize IBC to keep accounting records and physically maintain them either within Belize or in a different country. This rather comical situation further cements the beauty of the Belize tax haven because like every respectable business, a Belize IBC keeps accounting records, the catch is simply that the government never asks you about it.
Other perks that further make the Belize tax haven more attractive are the lack of foreign exchange regulations for Belize IBCs, a well-developed financial sector including important infrastructural developments in areas like communication which is necessary for the modern business environment. There are also the Commercial Free Zones and the Export Processing Zones. These zones are huge attractions for investors who are engaged in the international movement of physical goods. The reason is because the Belize Tax Haven is strategically located near the NAFTA trade zone with Mexico bordering it on the north. Businesses in the Commercial Free Zones get 10 years tax holiday and later pay income tax between 2% and 8%. Businesses in the Export Processing Zones are first approved by the government. If they receive the EPZ status, they can then operate freely in the zone, completely tax-free.
Key Benefits of Belize IBC
- Exemption from all local taxes and stamp duty
- Maximum confidentiality and anonymity
- Ease of operation, maintenance and control
- Asset security
- No disclosure or minimum capital requirements
- The minimum number of directors is one
- The minimum number of shareholders is one
- A minimum of one director is required
- Corporate directors and shareholders are permitted
- Incorporations within two or three days
- Excellent and flexible post-incorporation follow-up services
- No statutory requirement to hold annual general meetings
- Highly competitive fees and costs
Belize Company Formation – Legislation
Principal Corporate Legislation
Belize IBC Act 1990 as amended.
Type of Law
Language of Legislation and Corporate Documents
Type of Entity for International Trade, Investment & Tax Planning
Belize IBC (International Business Company)
Belize Offshore Company – Key Facts
Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Registered Office Required
Yes, must be maintained in Belize.
The minimum number of directors is one. Director can be of any nationality and need not be resident in Belize. Corporate directors are permitted.
The minimum number of shareholders is one.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Personal Presence Required
Double Taxation Treaty Access
Requirements to File Accounts
Requirement to File Annual Return
Belizian Dollar (BZD).
Name of an Belize IBC
Language of Name
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust”, “Trustee” etc. will require justification.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every IBC.
Time to Incorporate
Belize Company Formation Prices
Belize Company Formation Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Certificate of Incorporation
- Registered Office Address for 1 year
- Registered Agent Services for 1 year
- Government filing fee
- Memorandum & Articles of Association
- Minutes of first meeting appointing the director(s)
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $690
Belize Shelf Companies
We have a number of Belize ready-made companies available as of today.
Why Choose Worldwide Incorporation Services?
Belize Company Formation – Office Addresses
Services related Belize IBC Formation
Worldwide Incorporation Services provides the following services:
- Belize Company Formation
- Registered Office and Agent Services
- Company Secretarial Services
- Nominee Shareholder / Professional Director
- Opening of Bank Accounts
- Full Administration Services
- Mailing Address
- Virtual Office
- Trademark Registration
Worldwide Incorporation Services | Belize Offshore Company Registration | Belize Company Formation
Tags: Belize IBC | Belize Corporation | Belize Company | Belize Company Register | Belize Company Formation | Belize Offshore company | Belize Incorporation