belize offshore banking

Belize offshore company

Map of Belize

Belize is nestled alongside Guatemala in Central America, sharing a border to the north with Mexico. It's an English-speaking enclave and an independent country. Belize is often referred to as the bridge between the Caribbean and Central America. Belize City, with a population of 70,000, is the country’s biggest city and former capital. The court system and legislation are based on British Common Law.

The first offshore legislation (The International Business Companies Act) was implemented in 1990. Its provisions acquired the best from the British Virgin Island's similar Act. At the time being Belize remains one of the finest pillars of offshore world owing to the political stability, and Belize offshore company is popular owing to their low incorporation costs and strong confidentiality.

An International Business Company (IBC) is a very flexible, confidential, tax efficient and proven corporate vehicle suitable for a wide range of offshore trading, investment and asset protection activities and solutions.

 

The best offshore tool in Belize: International Business Company (IBC)

OUTSTANDING FEATURES

Corporative legislation
International Business Companies Act 1990.
Form of tax-exempted company
International Business Company (IBC), hereinafter company.
Authorized business activities
All and any activities not prohibited by the law. Providing of banking, insurance, and re-insurance, trust services is subject to special license.
Prohibited activities
Transactions with the residents of Belize, ownership of real estate on the territory of Belize.
Taxation
Company is exempted from all and any taxes and duties
Name of Belize Offshore company
Must not be identical or confusingly similar to the existing ones. The name has to include the words Limited, Corporation, Incorporated or abbreviations Ltd., Corp., Inc. The words Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal, Trust Company, Trustee Company or other words with similar meaning cannot be used in the name of IBC company.
Who executes the foundation documents?
At least two individuals whose functions are limited to signing of the foundation documents and nomination of the first director.
Equity capital of the company
Equity capital of the company is established by declaration, no mandatory contribution is required, and no minimum/maximum limits are set.
Recommended equity capital
50 000 USD, divided into 50 000 shares with par value 1 USD;
Shares
Authorized emission of both registered and bearer shares with or without par value;
Shareholders
 - Minimum number
- Nominal shareholders
- Holders of trust equities
One natural or legal entity or bearers shares;
Permitted;
Permitted;
Does the law provide for non-disclosure of the information about actual owner of the company?
Yes, the actual owner of company does not need to be registered in Belize;
Directors
 - minimum number
- nationality and citizenship
- status
One natural or legal entity;
No requirements;
All the powers apart from those falling into exclusive competence of shareholders (as determined by memorandum, articles of association and/or the law);
On the territory of Belize there has to be
- registered office
- registered agent
Required;
Required;
Holding of the meeting of shareholders/directors
Meetings may be hold in any part of the world, also by means of telephone communication;
Minutes may be kept at any place;
Mandatory
 - keeping of accounting records
- annual account
- presentation of auditors conclusion

No;
No;
No;
Information at disposal of the registered agent
Name of the registered agent and registered office; incorporation documents; register of shareholders and directors;
Agreements on exemption from
None
Term of incorporation
Approximately 3 weeks;
Costs of registration of company
Look below
Financial year ending on:
January
Possibility to purchase a ready-made Belize offshore  company
Yes

 

Super-fast incorporations

Our agent's office sits in Marina Towers, Belize City – the same building, where the Belize Registry of Companies is located. Quick turnaround speed is therefore standard - how about a new incorporation in couple of hours?
This might be especially useful for our Asian and European clients - even when your business day has already closed at home, you can still get your IBC formed under today’s date in Belize.

The following offshore services are now available from Asset Investment Services Ltd:

  • Belize IBC formations
  • Belize IBC administration and nominees
  • Belize trust formations
  • Belize bank account introductions
  • Assistance with licensing for offshore mutual funds, banks and insurers
  • Virtual office services from Belize

Belize Bank Account Introduction Form   In case you require bank account in Belize, please complete this form and send back to us by mail, e-mail or courier.

 

Useful links:

Government of Belize Website

 

Belize Guide

The in-depth traveller's guide to Belize, The best of Belize lodging, restaurants, sights, adventure and travel tips, plus immigration, investment and retirement information for visitors to Belize

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Copyright Asset Protection s.r.o. © 2009, All rights reserved.
 Asset Protection s.r.o. is not a law firm and does not provide legal advices or legal services. We recommended to consult licensed professionals with regards to local tax and legal matters.

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