COMPANY FORMATION – BELIZE

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Belize Offshore IBC Company – incorporate a new Belize Company in 24 hours! Belize Company Formation with nominee services and bank account is quick, easy, and affordable.  Belize Offshore companies offer tax exemption and privacy protection; they are 100% legal and able to operate anywhere, and Belize is one of the most popular and cost effective countries for offshore company formation.

Belize Company: Key Facts…

  • Your Offshore Belize IBC will allow you to trade internationally and enjoy legally tax exempt status
  • With our nominee services, your personal information remains confidential
  • With a Power of Attorney you continue to control and manage the company
  • With a Cyprus offshore bank account (including with multi currency services, internet banking and debit card) to conduct business

Belize Offshore Company:  The Key benefits…

  • Zero % Company Tax
  • Zero reporting requirements (no audit and no tax returns)
  • Lo cost of formation
  • Reputable and stable country

Belize Overview

  • Seychelles, British Virgin Islands (BVI) and Belize are the most popular countries in which to form non-EU offshore companies, however it is  significantly less expensive tto form a company in Belize than either the Seychelles or BVI.
  • Belize (formely British Honduras) is a stable, reputable country in the eastern Caribbeann. English is the official language and the Queen of England is the Head of State.
  • International banks are used to opening accounts for and working with companies formedin Belize.

Formation Costs

Gold Package

Silver Package

Bronze Package

Cost of Formation

€350

€500

€600

Nominee Director

€350

€350

X

Nominee Shareholder

€350

X

X

Guaranteed Cyprus bank account

€350

X

X

Total package set-up costs

€1,400

€850

€600

Annual Costs:

Gold Package

Silver Package

Bronze Package

Annual Fees

Including: annual government, agent renewal & maintenance fees

Annual Fees are due every 1st January

€1300

€950

€600

Additional Services:

Accounting services

€800

€800

€800

In Belize there are the following types of business ownership:

  • International Business Companies (IBC)
  • Private Companies
  • Limited Liability Partnership
  • Limited Life Companies
  • Joint Ventures and Cooperatives
  • Partnership
  • Sole Proprietor
  • Public Investment Companies
  • Trust Funds

However, almost all offshore or foreign businesses use the IBCs and/or Trusts.

About Belize IBCs

An IBC is formed by filing Articles and Memorandum of Association along with the required fees.  A Belize INC can be used to:

  • Establish securities trading accounts in the United States, Canada and Europe, either directly or through intermediaries in Belize
  • Hold title to real estate in jurisdictions other than Belize;
  • Collect commissions, royalties or dividends or to re-invoice trade transactions.

The following are the main characteristics of an IBC:

  • There is no minimum paid up capital requirement, and capital may be expressed in foreign currency
  • An IBC may issue bearer shares and shares of no par value; but bearer shares must be held in the custody of a local registered agent;
  • Subscribers may include an individual, a corporation or a Trust
  • A company may have nominee shareholders using local licensed registered agents
  • There is a minimum of one director, who can be an individual or a corporation
  • A secretary is not required (but can be useful)
  • Each company must maintain a Registered Agent and a Local Registered Office using licensed individuals or companies – these are the only details about an IBC that are available on the public file
  • There are no requirements for an IBC to file details related to shareholders or directors or for the filing of audits or accounting reports
  • No meetings are required of directors or members
  • There are no exchange controls for an IBC
  • Foreign companies may continue (re-domicile) as Belizean IBCs, and vice versaBelizean IBCs are specifically exempted from any form of income tax, capital gains or transaction tax. Any IBC can conduct its business in any foreign currency it may choose free of the Belizean government regulation or restriction

The IBC act prohibits an IBC from:

  • Carrying on business with persons resident in Belize;
  • Owning an interest in real property situated in Belize, except lease property for office purposes;
  • Carrying on banking business;
  • Carrying on insurance or reinsurance business;
  • Carrying on the business of providing registered agents/offices for companies.

Otherwise, a Belize IBC may engage in any activity that is not unlawful in Belize.

Trusts established under Belize law (see below) often incorporate a Belize IBC which serves as an asset-holding device for the trust. This provides an added layer of insulation, allowing the trust to withhold details of its existence and beneficiaries from third parties such as bankers or brokers dealing with the IBC