Advantages of Incorporating in Belize
- 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
- Bearer shares are permitted
- The minimum number of shareholders is one
- The minimum number of directors is one
- 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
Principal Corporate Legislation
International Business Companies Act 1990 as amended.
Language of Legislation and Corporate Documents
The official and spoken language is English.
Currency
Belize Dollar (BZD).
Type of Law
Common.
Type of Company |
IBC |
Share Capital |
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. |
Bearer Shares |
Permitted. |
Restrictions on Trading |
Cannot trade within Belize. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted. |
Registered Office Required |
Yes, must be maintained in Belize. |
Directors |
The minimum number of directors is one. Director can be of any nationality and need not be resident in Belize. Corporate directors are permitted. |
Shareholders |
The minimum number of shareholders is one. |
Publicly Accessible Records |
No. |
Nominee Shareholders and Nominee Directors |
Allowed. |
Location of Meetings of Directors and Shareholders |
Anywhere. |
Disclosure of Beneficial Ownership to Authorities |
No. |
Personal Presence Required |
No. |
Taxation |
Nil. |
Double Taxation Treaty Access |
None. |
Requirements to File Accounts |
None. |
Requirement to File Annual Return |
None. |
Audit Requirements |
None. |
Restricted Words |
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” 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 company. |
Time to Incorporate |
Two days. |