Belize formerly known as British Honduras is an independent country on the eastern coast of Central America. The capital city of Belize is Belize City. Apparently, Belize shares its political boundary with Guatemala and Mexico. It’s known for its diversity of culture and various ethnic groups consisting of Mestizo, Creole, Mayan, Garifuna, South Asian, German, East Asian and others. English is the official language of Belize, perhaps the only country with English as its official language in the Central and South America. Although more than 40% people recognize themselves as Mestizo and prefer to speak Spanish. Besides being a beautiful destination for holidays, Belize with total GDP more than 1.8 Billion and HDI 0.715 makes it a desirable place to live as well as invest.
Belize’s primary economy is based on the export of petroleum and crude oil. However, Belize is an admired destination for non-residents to open an Offshore Account. Belize offers one of the fastest, unobtrusive and economically stable banking services for IBCs. In addition, Belize IBCs are free from any corporate taxation, with few prerequisites. Besides providing favourable circumstances for a business to grow, Belize is quite popular in Offshore Industry simply because unlike other Tax Haven it’s not an Island, perhaps has a thriving and variegated economy.
There are several reasons for Offshore Company Formation in Belize. It is one of the fastest IBC Registry in the world. Furthermore, Belize is supported by its government and the public to promote it as a leading Offshore Company Formation Center. Therefore, the services that one can avail here in Belize are unmatchable, no matter what. It is arguably the most stable, fastest and confidential offshore jurisdiction. Belize under no circumstances, reveal its banking information with any overseas group or body, even if it’s a case of alleged tax evasion. This way one can seek the best security for their assets, with certain prerequisites, of course! Belize became a popular jurisdiction for offshore company formation because of its English based legal system. Belize IBCs enjoy a flexible corporate structure making Belize a perfect solution for those considering offshore company formation. On top of this Belize offshore companies are not required to disclose the names of directors and beneficial owners to the registration authorities.
Here is quick fact check of the Belize Offshore Company:
|Company type||International Business Company (IBC)|
|Governing corporate legislation||The Belize Financial Service Commission is the governing authority and companies are regulated under the IBC Act 2000.|
|Information published relating to company officers||There is no public register of company officers.|
|Confidentiality||Belize offers a high level of anonymity and privacy.|
|Accounting requirement||No accounting / reporting requirements.|
|Taxation||No taxes of any sort.|
|Legislation||Modern offshore legislation.|
|Time to form||Belize has a fast and efficient Registry: it takes only 2-3 days to register a company.|
|Stability||Stable jurisdiction with very good reputation.|
|Communication||Efficient communication means.|
|Time zone||Convenient world time zone: GMT-4|
|Paid up capital requirement||No paid up capital requirement.|
|Basis of legal System||Under Common Law.|
|Minimum directors/shareholders||Minimum of 1 director/shareholder|
|Bearer shares||Bearer shares are permitted|
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