Belize was included in the fair taxation category of jurisdictions by the EU Council. The country was whitelisted
and has committed to improving its tax regime to the benefit of entrepreneurs and cross-border investments. Belize is already part of several tax exchange agreements and at the same time, it remains one of the top locations to base an offshore company because of the easy procedures needed to open a company in Belize
Belize, whitelisted by the EU Council
Belize was not included in the blacklist of tax havens by the EU Council in its List of Non-Cooperative Jurisdictions for Tax Purposes. Instead, it is committed to amending its tax regimes for further compliance and harmonization.
Belize is engaged in an effort to promote transparency and the exchange of information. It is an associate in the Inclusive Framework for Base Erosion and Profit Sharing implemented by the Organization for Economic Co-Operation and Development (OECD). As far as tax information exchange agreements are concerned, Belize has signed a number of thirteen such agreements with France, Ireland, Australia, United Kingdom and other jurisdictions.
Tax compliance in Belize
is straightforward and light because of the lack of corporate income tax on the profits derived by Belize companies. Our team of Belize offshore company formation agents can help you understand the basic requirements for tax reporting and compliance as well as tax information exchange.
Reasons why Belize is considered a tax haven
Belize is one of the clearest examples of tax havens
among the jurisdictions preferred for offshore company formation. The easy Belize company formation process is the main reason why the jurisdiction is a preferred one, however, the lack of corporate taxation is also important.
Belize also enforced a favorable financial privacy regime, with policies that ensure the safety of a company’s financial information as well as those of foundations and trusts.
One of our agents who specialize in Belize offshore company formation
can give you complete details about the regulations for doing business in Belize as an investor from an EU country or from any other jurisdiction. Contact us
for more information about our services.