A Belize IBC can carry on the following activities within Belize:
- make or maintain deposits with local banks in Belize;
- make or maintain professional contact with persons in Belize;
- prepare or maintain books and records within Belize;
- hold meetings of its directors or members within Belize;
- hold lease of property for use as an office in Belize;
- own a vessel(s) registered in Belize in accordance with the Registration of Merchant Ships Act, 1989;
- hold shares in another Belize IBC;
- And under special license carry on banking business.
Competitive Advantages of having a Belize IBC
Taxation
- A Belize IBC is exempt from...
- the payment of all forms of local taxation;
- the payment of stamp duties for transactions in respect of its shares, debt obligations or other securities;
- The payment of stamp duties with respect to all instruments relating in any way to its assets or activities.
Exchange Control
A Belize IBC is not subject to exchange control regulations.
Security and Confidentiality
With a Belize IBC...
- disclosure of the beneficial owner(s) is not required;
- share register may be inspected only by a shareholder;
- nominee shareholders and bearer shares are permitted;
- Assets are protected from confiscation or expropriation orders or similar actions by foreign governments.
Filing Requirements
With a Belize IBC...
- Only the Memorandum and Articles are required for public records;
- The registration and de-registration of Registers of Directors, Members, and Mortgages and Charges are optional.
Cost Savings
With a Belize IBC...
- no minimum capital is required;
- no audit of accounts is required;
- no filing of annual returns is required;
- only one shareholder and one director are required, who may be corporate;
- no company secretary is required;
- no annual general meeting is required;
- meetings may be held outside of Belize and may be by telephone or other electronic means;
- Shares may be issued with or without par value and in any currency.
Incorporation
With a Belize IBC...
- Re-domiciliation into and out of Belize is permitted;
- Registration in any foreign language is permitted.
In addition, Belize's legislation facilitates speedy and simple incorporation, and its modern and computerized IBC Registry is capable of incorporating a company within one hour.
For more information contact OffshoreNet today.
