Belize
THE BELIZE INTERNATIONAL BUSINESS COMPANY
Advantages
Requirements
Limitations
1. An IBC may not carry on business with persons resident in Belize, but it may;
3. An IBC may not carry on banking, trust, collective investment schemes, insurance or re-insurance business unless licensed so to do in Belize, nor may it carry on the business of providing registered office for other companies.
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Advantages
- Speedy incorporation (24 hours)
- Anonymity
- Only one shareholder is required. Corporation or individual allowed
- Only one director required. Corporation or individual allowed
- Bearer shares are allowed
- Meetings of directors and or shareholders may be held in any country
- Resolutions of shareholders and or directors may be passed without a meeting
- Dividends and other distributions paid by the IBC; interests, rents, royalties and other payments by the IBC to non-residents: capital gains on shares, debt obligations or other securities of the IBC to non-residents are all exempt from income tax
Requirements
- IBC must maintain a registered office in Belize
- IBC must have a registered agent who must be either a designated registered agent, attorney-at-law, accountant or bank
- Statutory books and the company seal must be kept at the registered office in Belize
Limitations
1. An IBC may not carry on business with persons resident in Belize, but it may;
- hold and maintain deposits with a Bank incorporated in Belize
- maintain contracts with professional, e.g. attorneys, accountants, trust companies, investment advisers, etc., carrying on business in Belize
- prepare and maintain books and records in Belize
- rent office space for corporate administration
- own a registered vessel
3. An IBC may not carry on banking, trust, collective investment schemes, insurance or re-insurance business unless licensed so to do in Belize, nor may it carry on the business of providing registered office for other companies.
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