BELIZE INTERNATIONAL BUSINESS COMPANY
Only US$750.00
BELIZE IBC: The Ideal Offshore Financial Tool
A Belize IBC is an offshore company which conducts trading and business outside of Belize.
- Undertake or maintain deposits with local banks in Belize.
- Undertake or maintain professional contact with persons or companies in Belize.
- Prepare and/or maintain corporate books and records within Belize.
- Hold directors or members meetings within Belize.
- Hold the lease of a property for use as an office in Belize.
- Own a vessel (s) registered in Belize in accordance with the Registration of Merchant Ships Act of 1989.
- Purchase and/or hold shares in another Belize IBC.
Advantages Belize's modernized and up to date offshore legislation provides a catalyst for maximum flexibility in global asset protection and tax and investment planning as well as offshore e-commerce. As a result, an investor can take advantage of many competitive advantages in areas such as :
Taxation A Belize IBC is exempt from:
- All forms of local taxation.
- Stamp duties for transactions in relation to the shares of the company.
- Debt obligations or other securities.
- Stamp duties with respect to all instruments relating in any manner to the assets or activities of the company.
The standard share capital is USD50,000 or an equivalent in another recognizable currency.
Minimum capitalization:
The minimum paid in and issued capital may be one share which is fully paid.
Exchange Control:
- A Belize IBC is not subject to exchange control regulations.
Security and Confidentiality Features of a Belize IBC:
- Disclosure of the beneficial owner(s) is not required.
- The share register may ONLY be inspected by a shareholder.
- Nominee shareholders and bearer shares are permitted under the Act.
- Assets are protected from confiscation or expropriation orders or similar actions by foreign governments.
Filing Requirements for a Belize IBC:
Only the Memorandum and Articles are required for public records and the registration and deregistration of Registers of Directors, Members, and Mortgages and Charges are optional and can be included in the incorporation process.
Cost Savings When Using 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.
- No company secretary is required.
- No annual general meeting is required.
- Meetings may be held outside of Belize and may be done by telephone or other electronic means.
- Shares may be issued with or without par value and in any currency.
About Belize:
Belize is an independent country located on the Caribbean Sea in mainland Central America with Mexico to the North and Guatemala to the South and West. It has a population of about 250,000 and covers an area 8,867 square miles. For nearly 4,000 years, it formed the keystone of the empire of the ancient Maya who developed, what was for their time, the most advanced civilization in the New World. English is the official language although Spanish is also widely spoken. The ethnic mix is one of the most diverse in the Western Hemisphere.
Under British rule and following Independence in 1981, Belize has enjoyed a history of peace, stability and democracy. While still a colonial state called British Honduras, self-government was achieved in 1964 and the name Belize was restored in 1973.
The legal system of Belize is founded on English Common Law supplemented by local legislation. The certainty with which the affairs of the professional and business community are conducted, particularly trust and commercial matters, is a tribute to this solid foundation and the continuing high standards of training and practice of the professional and financial community in Belize. The Belize Court system is modeled on the English system and the court of final appeal on questions of law is the Privy Council of the House of Lords in England.
The political system is based upon the Westminster model, with Queen Elizabeth II (represented by a Governor-General in Belize) as titular head. Executive authority in Belize is exercised by the Cabinet under the leadership of the Prime Minister, and new legislation is enacted by a 29-member House of Representatives elected by universal adult suffrage every five years. There are two major political parties - the Peoples United Party and the United Democratic Party. Both parties are committed to the economic development of the country and to the expansion of the offshore financial services industry.
Belize is a member of the Commonwealth of Nations, the United Nations, the Caribbean Common Market (CARICOM), the Non-Aligned Movement, the Organization of American States (OAS), the International Monetary Fund, the World Bank, the Caribbean Development Bank, the Inter-American Development Bank as well as many other regional and international organizations.
Unlike many of the island offshore jurisdictions, Belize still relies heavily on its rich farmlands - with sugar, bananas and citrus being the main export crops. Lobster, shrimp and other marine products also contribute significantly to the country's foreign exchange earnings.
However, in recent years it is the growth of both the tourism and international financial services industries that has helped to put Belize firmly on the map. With the expansion of trade liberalization programs and accessibility to world markets becoming ever easier, effective tax planning and financial management have become critical tools in the development of a comprehensive strategic plan.
www.Finor-Group.com can act as or arrange a Nominee Director * for client companies and, in addition to protecting the privacy of the Beneficial Owners of the company, carry out the statutory duties on their behalf. Where we act as nominees, an Indemnity Agreement must be signed by the Beneficial Owner(s) of the company, both protecting us from any financial or other liabilities of that company.
* Nominee Directors are simply individuals who undertake by way of a signed legal agreement with the owner of a company to act as a director of that company on their behalf. The over-riding advantage of this is that the nominee's name will show up in all (if any) government or public records relating to the company, thus giving the real beneficial owner a further degree of protection and privacy should records be searched. Frequently the nominee director is itself another offshore company , thus giving yet further protection from invasion into the true owner's privacy.
| Incorporation Time Frame: |
2 weeks or less |
| First Year Fees: |
|
| Incorporation Fee: |
US$300.00 |
| Registered Office/Agent Fee: |
US$300.00 |
| Government Taxes: |
US$150.00 |
| TOTAL: |
US$750.00 |
|
|
| Annual fees from 2nd Year and Thereafter: |
|
| Registered Office/Agent Fee: |
US$200.00 |
| Government Taxes: |
US$150.00 |
| Filing Annual Report: |
US$150.00 |
| Total: |
US$500.00 |
|
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| Optional Services : |
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| Company Seal |
US$50.00 |
| Provision of Four Directors/Administrators: |
US$350.00/year |
| Notarized Power of Attorney |
US$150.00 |
| Provision of Nominee Shareholders: |
US$350.00/year |
| Notarization Per document or Set: |
US$100.00 |
| Apostile Notarization: |
US$150.00 |
| Custody Services: |
US$250.00/year |
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**Annual fees are due in January of each year on Belize companies.
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