Belize is an independent
democratic republic located on the East Coast of Central America, south of Mexico.
Formerly British Honduras, Belize attained independence from Great Britain in
1981 and has enjoyed relative peace and stability since that time (unlike many
countries in the region). With English as its official language and entrenched
British based systems of law and Parliament, Belize has steadily risen in popularity
as an Offshore Financial Centre over the course of the past ten or so years.
Key
features and benefitsinclude:
1. Low Cost: Belize has one of the
lowest annual government licence fees of any Offshore Financial Centre.
2 Political Independence: Whilst it has the advantages of being a former
British colony (in that it has an English system of law and Parliament), Belize
does not have any information sharing treaties with either the UK, the EU or the
US and is immune from the challenges posed by the EU savings tax directive.
3. Zero Tax: IBCs registered in Belize are not liable to pay tax on
business profits locally and dividends can be remitted into and out of Belize
tax free. 4. Assured Privacy: There
is no public register of Directors, Shareholders or Beneficial Owners in Belize.
5. Nominees Permissible: Nominee Shareholders
and Professional Directors are permissible in Belize and another Company can act
as Nominee. 6. Name Availability: There
is a relatively wide choice of company names available in Belize compared with
some competing jurisdictions. Other features include:
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Minimal Paperwork – There is no requirement
to file annual returns for Belize IBCs and no financial or business records need
be kept at the Company’s registered office. |  | Migratable
– Belize recognizes that the modern market expects an IBC to be able
to shift location quickly and easily and have enshrined this right in legislation. |
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Good Communications - Belize is serviced by providers offering state-of-the-art
technology in terms of telecom and internet communications. |
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Bearer Shares are available although they must
be retained by an approved intermediary. |  | Flexibility
- Only one Director and Shareholder is required and board meetings can
be held anywhere in the world |
Every effort has been made
to ensure that the details contained herein are correct and up-to-date, but this
does not constitute legal or other professional advice. We do not accept any responsibility,
legal or otherwise, for any error or omission. |