...........................................................................................................................................................................................................................................................


............................................................................................................................................................................................................................................................................

A Belize IBC has the following characteristics:

TAXATION

IBCs pay no taxes in Belize.

 

 

SHAREHOLDERS

A minimum number of one shareholder is required and either registered or bearer shares may be issued. No details of the shareholders appear on the public file but upon the issue or transfer of bearer shares a professional intermediary, such as ourselves, are required to retain physical custody of the bearer shares on behalf of our clients.  A Register of Shareholders must be kept at the registered office address of the company in Belize.


DIRECTORS

A minimum of one director is required and corporate directors are permitted.  Details of the directors do not appear on the public file.


ANNUAL REPORTING

No annual return or accounts need be filed. It should be noted that penalty fees of up to 50% of the annual Government fee will be incurred if the licence fee is not paid when due.


TIMESCALE

Incorporation can be achieved within 72 hours but it does take approximately 1 week for documents to arrive from Belize.  We do, however, keep ready-made companies in stock available for immediate purchase.


RESTRICTIONS
ON NAME AND
ACTIVITY

Names must end with one of the following words, or abbreviations thereof- Limited, Corporation, Incorporated, Societe Anonyme or Sociedad Anonima. The following words, and their associated activities, cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal and Royal.


LOCAL
REQUIREMENTS

As a matter of local company law the company MUST maintain a registered office address within Belize and must also appoint a Belize resident as registered agent.  We would generally provide these services as part of the domiciliary service fee.


SECRECY

There are no specific statutory provisions governing secrecy in relation to companies but English Law, which applies within the jurisdiction, does impose a common law duty on professionals to keep the affairs of their clients confidential.