Belize Company (Belize IBC)

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Belize IBC (International Buiseness Company, Belize Company) - The Offshore Company or International Business Company (IBC) in Belize is a tax-free and exchange control-free Limited Liability Company, incorporated under the laws of Belize, however all its profit-earning activities must be conducted outside Belize.

 

A foreign company also has the option to continue under the law of Belize as an IBC and would still have all the benefits provided by law. IBC's incorporated in Belize are often used by high net worth individuals to lease and own property, estate planning, tax optimization and also in conjunction with trust and by international companies in cross border transactions.

 

These provisiones outlined in BELIZE INTERNATIONAL BUSINESS COMPANIES ACT, CHAPTER 270, REVISED EDITION 2000.

 

Belize IBC Revised Act 2000

 

For more details see Main Advantages of Belize IBC below..


Complete package for Belize International Business Company


 

What we need from you to register a company in Belize ?


  • details of at least One Shareholder (natural person or company)
  • details of at least One Director (natural person or company. Can be the same as Director.)

Our registration fee includes both Registered Office and Registered Agent in Belize as well as all company documents.

 

*** For additional charge you may appoint our Nominee Director or/and Shareholder. Please, specify in the order form if you need nominees.

£545



What you get for the above price

 

This complete package includes everything to meet registration requirements and to have your company registered with your own Director(s) and Shareholder(s). After registration you'll receive the following:

 

  1. Registered address and agent for 1 year
  2. Certificate of Incorporation
  3. Memorandum and Articles of Association
  4. Minutes of the first meeting of Directors
  5. Share Certificates
  6. Combined Register of members

 

Additional services and documents may be ordered too (including Nominee Director and Nominee Shareholder). Please, specify on the order form.


Annual Renewal

 

Every year you have to renew your company to continue trading and to keep your company in Good Standing.

 

The cost of Annual Renewal is 425 GBP and includes:

 

  1. Registered address for the next 1 year
  2. Registered agent for the next 1 year
  3. Franchise Tax for companies with Authorized Share Capital of up to 50'000 USD*

 

Additional Charges

 

If you ordered Nominee services, these have to be also paid for according to your original order.

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* Most Belize companies would have standard Authorized Share Capital of 50'000 USD. However, if you registered a company with Authorized Share Capital of more than 50'000 USD the price of Annual Renual will be different.



Main Advantages of Belize IBC

 

Minimal formation requirements

Only one Director and one Shareholder required and this may be a natural person or a corporate body. The same person (company) can be both Director and Shareholder.

 

Time scale

Incorporation of Belize IBC takes only 2-5 working days from receipt of the documents.

 

Zero Taxation

As long as you qualify to be an International Buisiness Company (do not carry out business in Seychelles itself, do not owe property in Belize on the name of your company, do not perform insurance, banking or registered agency business), you're not subject to any tax or duty on income or profits. A shareholder of a Belize IBC is also not subject to any tax on his income derived from the IBC. These provisiones outlined in BELIZE INTERNATIONAL BUSINESS COMPANIES ACT, CHAPTER 270, REVISED EDITION 2000.

 

Belize IBC Revised Act 2000

 

Confidentiality

Incorporation documents do not carry the name or identity of any shareholder. Secrecy is generally is one of the key features of the Belize International Business Company as details of the company beneficial owners, directors and shareholders are not part of public record. At registration of a new IBC, the Registrar of Companies does not require any data whatsoever on who is the actual beneficial owner of the new company. This information is only known to the licensed Registered Agent of the company and is kept in complete confidentiality.

 

Cost effective

Incorporation cost is one of the most competitive compared to other offshore jurisdictions.

 

Paid up capital is not required

A Seychelles IBC is not required to have any minimum paid-up capital in order to start its business operations. Any amount of authorized capital can be stated in the IBC formation documents, as per equirements of the owners.

 

 

BELIZE INTERNATIONAL BUSINESS COMPANY (“IBC”)

 

The IBC has proven to be the most popular product being offered by the Belize. This product can be compared advantageously with its counterparts in the BVI and other jurisdictions. The IBC is incorporated under the BELIZE INTERNATIONAL BUSINESS COMPANIES ACT, CHAPTER 270, REVISED EDITION 2000.

 

Why choose a Belize IBC

 

  • Confidentiality
  • No statutory requirement for details of the Director, Secretary, Shareholder and Beneficial Owners to be filed with the Registry of International Business Company of Belize.
  • All details of Directors, Secretary, Shareholder and Beneficial Owner are filed with the Registered Agent only.
  • No Public access to details of the Company Officers, Shareholders and Beneficial Owners even if a search for the company is conducted at the Registry
  • Nil taxation in Belize

 

An IBC is a: 

 

  • Non tax resident in Belize.
  • Is not taxed in Belize on foreign sourced income.
  • Is not taxed in Belize on profits made by the IBC.
  • There is no stamp duty payable upon the transfer of shares in Belize.

 

Fast Turnaround Time

 

  • Same day incorporation and preparation of documents (if instructions are received within reasonable time)
  • Easy Access to Courier companies such as DHL, FedEx for quick dispatch of documents.
  • Favorable Time zone to process documents.

 

Bearer shares allowed

 

  • Bearer shares are permissible
  • Unlike the BVI there is no statutory requirement for a custodian guardian to be appointed in relation to bearer shares

 

Possible to open Offshore Corporate Bank account in Belize

 

EU Savings Tax Directive

 

  • The European Union Savings Tax Directive is aimed at information exchange between the countries forming part of EU. This applies to EU member states and dependent territories - in regards to UK this applies to the offshore centers such as BVI, Anguilla, Turks & Caicos, Caymans, Isle of Man, Channel Islands, etc. EU Savings tax directive only applies to natural persons and not corporations. Belize is not a member of the EU.

 

Versatile in its use

 

An IBC can be used for any objects or purpose as long as it is not prohibited by the IBC Act or any other Law of Belize.

 

Examples of use of an IBC:

 

  • Asset Protection
  • Investment Holding Company
  • Appointed as a Director, Secretary and shareholder of another IBC.
  • Trading company.
  • Appointed as a General Partner of a Seychelles Limited Partnership.
  • Marketing Company.
  • Consultancy Company and others.

 

Less expensive than in other jurisdictions

 

  • Considerable cheaper in relation to Government registration fees and  fees of the Registered Agent than its counterparts elsewhere

 

 

Features:

 

Registered Agent in the Seychelles

 

  • Belize Licensed Corporate Services Provider 

 

Registered Office in Seychelles

 

  • Must be in Belize 

 

Director(s)

 

  • 1 or more Directors are permissible
  • Can be Corporate or Natural person Director(s)
  • No requirement for Belize Resident Directors to be appointed
  • Professional Director(s) may be appointed at the Client’s request)

 

Secretary

 

  • Optional and not mandatory
  • Can be Corporate or Natural person Secretary.
  • No requirement for Belize Resident Secretary to be appointed
  • Professional Secretary may be appointed at the Client’s request

 

Shareholder(s)

 

  • 1 or more shareholders may be appointed
  • Can be Corporate or Natural Person Shareholders
  • No requirement for Belize Resident Shareholders
  • Nominee shareholders maybe appointed at the Client’s request

 

Authorized share capital

 

  • Any amount is permissible
  • Standard currency is USD but any other foreign currency is permissible

 

Issued Share Capital

 

  • Any amount can be issued
  • All issued shares must be paid up or else it will be legally flawed and may affect voting rights

 

Restrictions in the use of an IBC

 

An IBC cannot

 

  • Carry on business in Belize
  • Own an interest in immoveable property or a lease of immoveable property situated in Belize except if it holds a lease of property to be used as office from which to communicate with members or records and books of the company are prepared and maintained
  • Carry on banking as defined in the Financial Institutions Act
  • Carry trust business
  • Carry on business of insurance or reinsurance
  • Carry on business of providing registered office for companies

 

Permitted use of an IBC in Belize

 

An IBC can however do the following acts in Belize:

 

  • Make or maintain deposit with person carrying on business in Belize
  • Retains/ hire attorney, counsel/auditor/bookkeeper, trust companies, investment advisers or other similar persons carrying on business in Belize
  • Prepare and maintain books
  • Hold Directors and members meetings
  • Hold a lease of property for sole use as an office from which to communicate with members or where records and books of the company are prepared and maintained
  • Hold shares, debt obligations or other securities in an IBC or domestic company
  • Hold bonds, treasury bills & other securities issued by Government of Belize or Central Bank
  • Hold shares, debt obligations and other securities in a company owned by Belize Resident, or IBC or domestic company
  • Own or manage vessel registered in Belize

 

Possibility of re-domiciliation and continuation

 

  • Can be re-domiciled and continued in Belize from another jurisdiction as a Belize IBC
  • Can be re-domiciled and continued in a foreign jurisdiction from Belize as another entity

 

Non Tax Resident in Belize

 

  • Nil taxation in Belize on foreign sourced income
  • Nil taxation in Belize on profits made by the IBC
  • No stamp duty payable upon the transfer of shares in Belize

 

Meetings

 

  • Affairs of the Company are mainly conducted by Directors’
  • Shareholders’ Meeting is a requirement whenever there is a substantial disposal of the IBC’s asset (by more than 50%)
  • Meetings can be conducted anywhere in the world including in Belize
  • Meetings can be conducted by telephone as long as all parties are able to hear and recognize each other

 

Statutory Records

 

It is a requirement for the IBC to maintain:

 

  • Register of Directors
  • Register of Members
  • Register of share Transfers

 

Registers must be kept at the Registered Office of the IBC or any other place as determined by the Director

 

 

Accounts

 

  • No requirement for the IBC to file its audited account and annual returns with the Registrar of Belize International Business Companies.

 

Annual Renewal

 

  • To keep the company into good standing it must be renewed with the Registry upon the company’s anniversary date.
  • Late renewal will incur penalties.
  • Non renewal will result in striking of the IBC from the Belize Registry’s List.
  • However restoration of the company into good standing is permitted

 






Due Diligence (click here to read)

ABOUT BELIZE


Belize is situated on the Caribbean seaboard of Central America, with the Mexican border on its North and the Guatemalan border on the West and South.  With only a two hours flight from Miami, Houston, Dallas, Atlanta, Charlestown South Carolina, New Orleans and Los Angeles, Belize is very convenient for doing business.  Belize has been Independent since 1981 and is the home of approximately 250,000 people of diverse ethnic background. 

 

Belize is known for its political and economic stability and its Legal System is based on English Common Law and local statute.  Its currency is the Belize dollar which is pegged to the US dollar of a rate of BZ$2.00 to US$1.00. 

 

English is the official language; however, Spanish is widely spoken.  In the past, Belize's financial system was driven by the exportation of logwood and mahogany and of late on agriculture, but it soon became obvious that diversification of the economy was essential for its survival, and in particular the development of offshore financial services which was launched in 1990.