Belize

Advantages:

• There is long lasting economic, social and political stability, proven economic and commercial infrastructure, modern offshore legislation, w hich is the most flexible;
• Belize participates in Convention, which recall the requirement to legalize the foreign official documents (The Hague, 10.05.1961);
• The Belize legislation on IBC is been created particularly to save the client’s money;
• There are no requirements to make annual report, auditing and annual accounting;
• There is particular legislation on trusts on Belize, which makes this jurisdiction popular among those who wish to protect their assets. More details on trusts on Belize.

Taxation

IBC are completely exempted from all the taxes and duties if they act outside Belize and have no business with Belize residents.

The companies have to pay only annual license tax.

There are Free Economic Areas within the country. All the companies within the territory, independently of the business legal structure have the right to import or export the goods, without getting the license and without paying custom duties, as soon as they are exempted from all the taxes.

Currency control

No currency control.

Confidential information

Information on the directors and shareholders and company records is confidential.

Public information

Information on the legal address, agent name and statutory documents.

Prohibited activity

IBC cannot have business with the Belize residents, cannot possess and gain the profit from the real estate, situated on Belize, carry banking and insurance activity and provide the other companies with its registered office.

Agreements on double taxation avoidance

Belize signed the agreements on double taxation avoidance with Great Britain, Sweden, Denmark, Jamaica and Caribbean Community (CARICOM).