• Belize IBC

  • GENERAL

    Legal Framework

    The Belize IBC is governed by the Belize International Business Companies Act.

    Special Characteristics

    A Belize IBC is prohibited from:

    • Carrying out a business activity with residents of Belize; and
    • Owning real estate property in Belize.
    • Holding share, stock, debt obligation or other securities in a local company.
    • Issuing shares , stock, debt obligation or other securities to any person in Belize or any local company.
  • SHAREHOLDERS

    Liability of Shareholders

    The liability of the shareholders of a Belize IBC is limited up to the unpaid amount of the shares they hold.

    Minimum Number of Shareholders

    The minimum number of shareholders of a Belize IBC is 1 and the maximum is unlimited.

    Restriction on Nationality/Residency of Shareholders

    There is no restriction on the nationality or residency of the shareholders.

    Corporate Shareholders

    The shareholders of a Belize IBC can be individuals and/or legal persons.

    Nominee Shareholders

    The use of nominee shareholders is allowed.

  • DIRECTORS

    Minimum Number of Directors

    The minimum number of directors of a Belize IBC is 1.

    Restriction on Nationality/Residency of Directors

    There is no restriction on the nationality or residency of the directors.

    Corporate Directors

    Corporate directors are allowed.

  • SHAREHOLDER MEETINGS

    Shareholder Meetings

    There is no requirement for a Belize IBC to hold annual general meetings.

    If however shareholders wish to hold annual general meetings then these can be held anywhere in the world and shareholders can also attend by telephone.

  • CAPITAL

    Minimum Capital Requirement

    The minimum capital requirement for a Belize IBC is US$1.

    Currency of Capital

    The share capital can be denominated in any currency.

    Non-par Value and Bearer Shares

    Non-par value shares are permitted.

    Bearer Shares are allowed. However, the share certificates must be held safe custody of the licensed Registered Agent or professional intermediary in or out of Belize.

    Capital Duty

    There is no capital duty on the issuance of shares in Belize.

  • REGISTERED OFFICE

    Registered Office

    It is a legal requirement for every Belize IBC to have a registered office in Belize.

    Company Secretary / Registered Agent

    It is a legal requirement for every Belize IBC to have a licensed local registered agent.

    There is no requirement for a Belize IBC to have a company secretary.

    In case a company secretary is appointed then both physical and corporate bodies are allowed to act as company secretaries.

  • FOREIGN INVESTORS

    Restrictions on Foreign Investors

    There are no restrictions on foreign investors investing in a Belize IBC.

  • FORMATION

    Time Needed for Incorporation

    It usually takes between less than 24 hours to register a Belize IBC.

    Shelf companies are available.

  • CONFIDENTIALITY

    Beneficial Owners

    The details of the beneficial owner are only disclosed to the service provider.

    Registered Shareholders

    The details of shareholders are not available on public record.

    Directors

    The details of directors are not available on public record.

    Financial Statements

    The accounts are not publicly accessible.

  • FILING REGUIREMENTS

    Filing with the Registrar of Companies

    There is no requirement for a Belize IBC to file an annual return or its financial statements with the Registrar of Companies.

    Filing with the Tax Authorities

    There is no requirement for a Belize IBC to file an annual tax return with the Tax Authorities.

  • RECORDS

    Accounting Records

    Until recently, there was no requirement for accounting records to be kept for a Belize IBC. Under the Accounting Records (Maintenance) Act 2013, a Belize IBC should maintain accounting records. These can be kept anywhere in the world but should be available for inspection within a reasonable set of time.

    Accounting records can be kept in any currency and they should be maintained for a period of at least 5 years.

    → Belize Accounting Records (Maintenance) Act 2013.

    Financial Statements

    There is no requirement for a Belize IBC to prepare annual financial statements.

  • AUDIT

    Audit Requirement

    There is no requirement for the financial statements of a Belize IBC to be audited.

Compare Belize to other jurisdictions and see the difference in corporation tax rates, tax residency requirements, VAT rates, capital gain taxes, etc.

Read more
Follow Us
Specialist writers View All
Copyright © 2012 - 2019 Offtax Ltd. All rights reserved. Compare Countries News & Articles About Join Us Directory Contact Us