Belize

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.

Currency: The Belizean Dollar
Language: The official and spoken language is English
Type of law: Common Law
Type of Company: International Business Company (IBC)

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.

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.

Double Tax Treaty Network:

Belize is not party to any  Double Taxation Agreement.

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

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

 

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