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Company Formation Belize


FAQ Ownership and Control of My Offshore Company in Belize

Updated on Thursday 05th April 2018

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FAQ-on-Ownership-and-Control-of-My-Offshore-Company-in-Belize.jpgFirst time investors who open a company in Belize can use this quick guide on the most commonly asked questions on the ownership and control of an offshore company in the country.

1. How does one prove ownership of a Belize IBC?

A direct shareholder may prove his ownership of a IBC by means of a Share Certificate. However, when a nominee shareholder is used, then the agreement between the beneficial owner and the nominee will serve a proof of legal ownership.

2. Can the directors of an IBC be changed?

Yes, this can be done by means of a special Shareholder’s Meeting and an amendment to the organizational structure as well as the constitutive documents. One of our Belize offshore company formation agents can help you with additional information, depending on the particular type of company.

3. Is there a difference between the shareholder and the beneficial owner?

The shareholder is the individual who owns the shares in a company. However, when nominee shareholder services are used, a distinction will be made between the appointed shareholder (the nominee) and the actual beneficial owner of the shares.

4. Does the beneficial owner have signatory rights in the company?

Yes, the owners of the IBC do have signatory sights in the company, however, they can assign signatory powers to another party via a power of attorney.

5. Can the registered agent be changed after some time?

Yes, the owner of an offshore company in Belize can change the registered agent by means of a Director’s Resolution. The decision becomes effective within three business days. 

6. Can a third party be appointed to have signatory rights on behalf of the IBC?

Yes, as stated above this may be done through a special power of attorney that clearly describes the rights of the appointed individual.

7. What data is accessible to outside parties about an offshore company in Belize?

Belize is known to be a jurisdiction that offers a high degree of investor protection. However, the name of the company and other details like its registration date and number as well as the name of the registered agent will be available to the public.

8. What documents does the beneficial owner need to ensure that he has full control over the IBC?

The statements from the nominee directors and shareholders, including the declaration of trust.

9. Is a declaration of trust mandatory?

Yes, this is the document used in case of nominee director or nominee shareholder services. It confirms the actual ownership.

10. Are there any blackmail scams involved in Belize IBC services?

Most agencies, including our agents who specialize in Belize offshore company formation, will not blackmail offshore investors. Registered service providers are under the regulation of the Belize International Financial Services Commission.

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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