Incorporate in Belize
Background & General Outline
Belize (formerly British Honduras) is a scenically beautiful, independent country located on the Caribbean seaboard of Central America. It has an area of approximately 23,026 sq km, and is bounded by Mexico to the north and Guatemala to the west and south.
The administrative capital is Belmopan, but the major commercial centre is Belize City, which is located on the eastern coast close to the major international airport.
Political Structure & Legal System
Belize has a long history of peace, stability and democracy. It became a British Crown Colony in 1862 and achieved complete self-rule in 1981. Belize is a member of the British Commonwealth, the United Nations and the Non-Aligned Movement. Executive authority is exercised by the Cabinet under the leadership of the Prime Minister, subject to approval by a 28 member Senate with the majority appointed on the recommendation of the Prime Minister.
The legal system is Common Law. Based on English Company Law.
The Belize Dollar (BZ$).
The official and spoken language is English.
Disclosure of the Beneficial Owner
Although when you Incorporate in Belize it is required to disclose and maintain a register of Ultimate Beneficial Owners, Directors and Shareholders, this information is kept strictly private and confidential and is not available in any public registry.
Provided that the company activities are carried on outside of Belize, the company you Incorporate in Belize will not be subject to any income taxes therein.
Double Tax Treaties
Belize has double tax treaties with the United Kingdom, Sweden, Denmark and the countries of the Caribbean Community (CARICOM). The text of the UK/Belize Double Tax Treaty is available at http://www.danzigerfdi.com/dtas/uk_belize.htm
With the aim of being removed from the OECD grey list, Belize signed TIEA’s (Tax Information Exchange Agreements) during the first half of 2010 with the United Kingdom, Australia, Belgium and the Netherlands. A further 11 agreements have been initialed. The agreements are with Ireland, Italy, Finland, Norway, Sweden, Iceland, Greenland, Denmark, the Faro Islands, Mexico and Aruba. They will be officially signed once ratified in each country.
Accounting & Financial Statements
There is no requirement to file accounts with the authorities, but a company is required to keep accounting and financial records that reflect the financial position of the company. Records may be kept anywhere in the world.
Any name that has already been incorporated, or is so similar as to cause confusion. Any name which in the opinion of the Registrar is considered undesirable, obscene or offensive. Names such as royal or imperial and any name that suggests the patronage of Belize Government.
A Belize IBC cannot trade within Belize or own real estate there. Further, a Belize IBC cannot undertake the business of banking, insurance, assurance or reinsurance.
Summary & Features
Belize has strict rules on nondisclosure of bank accounts.
Belize’s corporate structure has similar rules, and allows any person to control a company without their name appearing in the public records, through the use of bearer shares, nominee directors and a power of attorney.
We can Incorporate in Belize your own Belize IBC and deliver it to you within approximately 5-7 days.
The company we Incorporate in Belize for you is free to engage in many types of business activities in other countries and it pays NO taxes in BELIZE.
Incorporate in Belize
OUR BELIZE Offshore Company Formation Package Includes:
- name check
- preparation of memorandum
- preparation of articles
- preparation of registration forms
- filing with the registrar of companies
- payment of filing fees
- certificate of incorporation
- share certificates
- minutes of board meeting
- 1st year registered office
- 1st year registered agent
- 1st year government administration and maintenance
Belize’s legislation has long created favorable tax conditions for offshore operations but the country’s popularity as such has only caught on over the last few years. Information given to local attorneys/notaries is protected by professional privilege and secrecy.