Off-shore Companies: Belize

IBC Formation:
Belize has democratic stability since 1981, which is a determinant factor at the time of doing commercial activities. 

The last part of the chosen name for the company as always end with a legal suffix such as: Corporation, IBC, S.A., Societe Anonyme, Ltd, Sociedad Anonima, Incorporated, and others.

Legislation
Currently Belize is legislated under the Belize International Financial Service Commission, regulated by the IBC Act of 1999. It received some modification in 2000.

IBC Structure
Only one director or shareholder required for the company’s formation.
Shareholder(s) and director(s) may be the same person.
The shareholder(s) and director(s) can be a natural person.
There is no requirement of resident secretary.

Directors
All of the IBCs in Belize can have one or more person or corporate directors and they can be of any nationality. Without the needs of any statutory meetings to be held you can have them all or do business activities not being in the country at distance.

Taxation
In Belize they offer investors the benefit of a zero (0) Tax exception like all the offshore jurisdictions for foreigners around any commercial activity or commercial transactions made outside the country.

Privacy
One of the most important features about Belize for people in the business world is the security in such insecure times that we are living because of the privacy that Belize offers, because the share holders and administrators names are not published in the public records.

Records/Books
By law a Belize IBC should keep accounting records that are able to explain all the transactions of the company and will be enable to show the position of the company with reasonable accuracy.
The books and records will not be show in the public records it should be kept at the registered office of the company.