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General information
Belize is located on the Caribbean seaboard of Central America with a population of approximately 307,000. Belize became a British Crown Colony in 1862 and gain independent in 1981.
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| Currency: |
The Belizean Dollar |
| Language: |
The official and spoken language is English |
| Type of law: |
Common Law |
| Type of Company: |
International Business Company (IBC) |
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Principal Corporate Legislation: |
International Business Companies Act, 1990, amended 2000. |
| Uses: |
Commercial and trading activities, subject to trading restrictions as below. |
| Trading Restriction: |
IBC cannot trade within Belize or own real estate there. Cannot undertake the business of banking, insurance, assurance or reinsurance. |
| Company name: |
Restriction: Cannot be in conflict with pre-existing company. Any name that in the opinion of the Registrar is undesirable or suggest an illegal activity or any name that may imply government patronage.
Language: Any languages
Suffixes: Limited, Corporation, Incorporation, Societe Annonyme, Sociedad Anonina, Gesellschaft mit Beschrankter Haftung or their abbreviations. |
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Language of legislation and corporate documents: |
English |
| Taxation: |
Total tax exemption is automatically provided by law for IBC companies |
| Annual license fee: |
USD100 for authorised capital below USD50,000
USD1,000 for authorised capital above USD50,000
USD230 for companies with some or all of its shares of no par value. |
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Double Tax Treaty Network: |
Belize is not party to any Double Taxation Agreement. |
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Registered Agent / Office: |
The IBC must have a local registered office and an agent. |
| Shareholders: |
Minimum number: One
Publicly accessible records: No
Register of Shareholders: Must be kept at the Registered Office |
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Disclosure of Beneficial Owner: |
Not publicly available |
| Directors: |
Minimum: One
Can be corporate or natural person
Nationality: No restriction
Publicly accessible records: No
Location of meetings: No restriction |
| Secretary: |
Local or qualified: No restriction |
| Share capital: |
Permitted currency: Any
No Minimum or maximum capital requirement
An IBC may issue bearer shares and shares of no par value.
Bearer shares must be held in the custody of a local registered agent. |
| Annual Reporting: |
There is no requirement to file accounts or submit an annual return. |
| Shelf company: |
Yes |
