Main page > About the company > News and mailing > Jurisdictions news > Belize tightened the regulation of foreign companies

Belize tightened the regulation of foreign companies


				24.08.2017
						

On July 21, 2017, the Belizean Parliament adopted a number of ambitious amendments to the International Business Companies Act. Thus, IBC is obliged to maintain registries of directors and beneficiaries. The bearer shares are completely prohibited.

Registries can be made in free form (electronic or paper), while the company must have evidence of the reliability of the data reflected in them. The place of keeping the registers is the legal address of the company in Belize.

The registers of directors and beneficiaries are not public, but at the request of the competent authorities it is necessary to provide them with information within 24 hours.

The above mentioned rules will be applied automatically when registering new IBC companies in Belize. And all existing companies are obliged to bring their documentation into full compliance with the new requirements until July 1, 2018.

A source: http://www.ifsc.gov.bz/wp-content/uploads/downloads/2017/08/Act-No.-36-of-2017-Iinternational-Business-Companies-Amendment-Act-2017.pdf

Back to the list news

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 799 038 1400
E-mail us: london@hbcomp.co.uk


News

11/02/2017 09:40:00

Malta will establish a beneficial ownership register

Malta's Ministry for Finance will publish legislation regulating t ...

Read more

10/03/2017 19:52:00

Black lists of clients of Russian banks

Rosfinmonitoring, the Central Bank and banks since October 2, 2017 ...

Read more

09/22/2017 20:23:00

Austria introduces the Register of Beneficiaries

The Austrian Parliament passed a law providing for the introductio ...

Read more