Belize IBC offshore company information
Belize (formerly British Honduras) is located in the Caribbean. It has an area of approximately 23,000 sq km, and is bounded by Mexico to the north and Guatemala to the west and south. The official and spoken language is English but Spanish is also widely spoken.
The administrative capital of Belize is Belmopan, and the country’s major commercial centre is Belize City. The total population of Belize is approximately 315,000 of which some 70,000 live in Belize City. Belize is a member of the British Commonwealth, the United Nations, and the Non-Aligned Movement. Belize is a parliamentary democracy and constitutional monarchy which recognises HM Queen Elizabeth II as head of state represented by a Governor General who must be a Belizean national.
Belize has an unspoiled environment characterised by a barrier reef which makes Belize a popular destination for eco-tourists, while at the same time it has very clear and unpolluted waters that are excellent for swimming and diving.
Major exports of Belize are sugar, bananas, citrus, fishery products, and various types of wood products. The offshore finance industry is generating an increasing proportion of national income.
Belize became a British Crown Colony in 1862 while it gained its independent in 1981. Belize has a democratic government committed to establishing itself as a leading offshore financial centre.
Belize Offshore Company Description:
The Belize International Business Company (IBC) is one of the most popular forms of offshore corporate structures. An IBC must conduct its trading and business outside Belize. However, Belize's legislation also allows an IBC to carry on a number of activities within Belize. Belize offshore companies are used for a variety of tax planning and international investment purposes.
Type of legal entity: IBC
Legal system: Common
Shelf companies: Available
Minimum government fees (excluding taxation): USD100
Corporate tax: Nil
Double taxation treaties: None
Standard Share Capital currency: USD
Minimum paid up: No minimum required
Usual authorised: USD 50,000
Minimum number of Directors: One
Local required: No
Corporate Directors: Allowed
Publicly accessible records: No
Location of meetings: Anywhere
Minimum number of shareholders: One
Company Secretary Requirement: Optional
Local or qualified: No
Requirement to prepare accounts: Yes
Audit requirements: No
Requirement to file accounts: No
Publicly accessible accounts: No
Requirement to file annual return: No
Change in domicile permitted: Yes