Belize is one of the most popular international locations for offshore companies. The country is a diverse one and its culture reflects its many influences and historic heritage. The population is multilingual and English is the official language, making the country an ideal place to base an international business.
The Belize company registration process is a quick and easy one and can be accomplished in just a matter of one to two days. Moreover, the extremely advantageous taxation principles in this jurisdiction attract a significant number of investors.
You can open an offshore company in Belize for the following activities:
-international businesses and trading;
-movable and immovable property custody;
-intellectual property management;
The International Business Companies Act and the Offshore Banking Act govern thecompany formation process in this jurisdiction. A few requirements and restrictions are in place, such as the fact that the International Business Company (IBC) – the offshore business entity type – can only be used for international investment and business activities and not for primary trading with Belize companies. Moreover, the IBC cannot own real estate in Belize. One of our Belize offshore company formation agents can give you more details on these characteristics.
Foreign entrepreneurs who open an IBC in Belize have the following advantages:
-no taxes: the Belize International Business Company is not subject to taxes or duty on profits and the same applies to stamp duties.
-no minimum paid-up capital: there are no mandatory requirements for the paid-up capital of an IBC although a minimum amount is recommended.
-just one director and one shareholder: the incorporation requirements are very low and the company can be formed with just one shareholder and one director who can be one and the same person.
-fast and easy bank account set up: opening a bank account in Belize is a simple process and also a fast one.
-complete privacy with nominee directors: investors who wish to enjoy the highest degree of confidentiality possible can use nominee director and shareholder services in Belize.
-guaranteed confidentiality and financial privacy: Belize is a jurisdiction that values the privacy of the foreign investors and no disclosures are needed when forming a company.
We invite you to watch the following video on the creation of an offshore company in Belize:
The top reason why Belize is considered a tax haven is that offshore companies incorporated here do not pay taxes on the income they derive from abroad. Moreover, dividend payments made by offshore companies in Belize to non-Belize citizens are also tax exempt. This tax-free business environment determined many foreign investors to open a company in Belize.
No capital requirements
There are no specific requirements on the paid-up capital of the offshore company. The share capital may be deposited in any currency and there are minimum government fees upon the incorporation of a new Belize offshore company.
Just one company director
A Belize International Business Company can be incorporated with just one director and one shareholder and there are no requirements for a local secretary. The company director and shareholder can be one and the same person. Another recommendation is to include a registered agent service.
Easy bank account set up
Your offshore company in Belize will need a bank account, in most cases complete with e-banking services. Our company formation agents can help you open this account.
Minimal accounting requirements
Companies in Belize must keep their accounting records at their registered office or with their registered agent. However, there are no requirements for annual filing and auditing.
Nominee directors in Belize
Belize has a high degree of investor privacy protection and there are no public records for companies. Nevertheless, investors who wish to have full anonymity can request our nominee director services, provided by our team of Belize company registration agents. We can provide both nominee director and nominee shareholder services if you wish to open an offshore company in this country.
Belize deserves its reputation as an international offshore company jurisdiction because of its laws concerning investor confidentiality and financial privacy. The country imposes certain laws that prohibit the disclosure of bank account information, the disclosure being possible only in the event of criminal investigations and if a court order is issued. Moreover, investors benefit from an even greater degree of bank account confidentiality, as there are no exchange control policies and no restrictions on currency movements in/out of the country.
Theoffshore company is required to have a registered office, however, this does not mean that you will need to be present at this location. One of our Belize company formation agents can help you observe the requirements for having a locally registered office for your offshore company.
You can contact us if you need professional and efficient assistance in order to open an offshore company in Belize or if you want to start doing business in other countries.
Call us now at +44 203 287 0408 to set up an appointment with our business consultants in Belmopan, Belize. Alternatively you can incorporate your company without traveling to Belize.
As a BridgeWest client, you will take advantage from the joint expertize of local company formation agents and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Belize.