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Company Formation Belize


7 Facts You Should Know about Belize

Updated on Friday 08th October 2021

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7-Facts-You-Should-Know-about-Belize.jpgBelize, once known as British Honduras, became an independent member of the Commonwealth in 1981. This small Caribbean paradise has much to offer to tourists and entrepreneurs alike. 
Here are 7 facts you should know about Belize, presented by our agents who specialize in Belize company registration

1.  English is an official language

Belize is the only country in Central America with English as its official language – an important consideration for foreign investors.

2.  The legal system is also of English influence 

The legal system is based on the English Common Law. The Supreme Court has jurisdiction on all criminal and civil cases and the Privy Court has its seat in the United Kingdom. Our Belize company formation agents can help you with detailed information about the courts and laws for doing business in the country.

3.  The population is diverse

The country’s geographical location on the eastern coast of Central America allowed its people to become culturally diverse. Today, the country has a small population but a multi-cultural one.

4.  Belize managed to rethink its financial services industry

The launch of the International Business Company had a tremendous importance for the positive evolution of Belize’s financial services industry. It allowed the country to establish an attractive tax-free regime and position itself among other offshore jurisdictions.
The following types of business entities described in the list below are commonly used by foreign investors:
  • The IBC: the International Business Company is the most commonly used because it allows a tax-free regime.
  • The International LLC: a well-received business form, this legal entity is a mix between the partnership and the corporation.
  • The Trust: a business structure that relies on a fiduciary relationship, it can be successfully used for asset protection.
  • International Foundation: a business entity with a legal personality that can be used for charitable or business purposes.

5. Investors have various options for entering the financial services industry

Belize’s financial services industry is an important economic pillar. Some of the licensed services include international insurance, Forex trading, international banking, payment processing services, money brokering and exchange and many others.

6. Belize is a tax haven

Belize is considered a tax haven because it does not impose taxes on corporate income and has very light accounting and reporting requirements. What’s more, the country also has a high degree of investor protection. These are all important reasons why investors choose to open an offshore company in Belize.

7. Belize has the best of both worlds

It’s not just the financial services industry in Belize. It’s also its picturesque Caribbean beauty that makes it an attractive country. You could say that Belize is a destination that manages to mix business with travel. If you want to relocate here permanently, you can consider the application for Belize permanent residency.
For complete information on how to open a company in Belize, please do not hesitate to contact us. Our agents who specialize in Belize company formation can help you open an International Business Company.  

Meet us in Belize

Call us now at  +230 5252 6703 to set up an appointment with our business consultants in 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.

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