The Belize International Company
is a type of legal entity designed to be incorporated by foreign investors in Belize. Although it generally does not require special permits to perform business activities, some sectors like financial services are regulated.
Licensed activities in Belize include a few fields like trading, international insurance, and other international activities. If you are interested in Belize offshore company formation, it is important to know which activities are regulated in the country.
IBC special licenses
A number of business activities, namely those related to the financial services, are subject to special licenses in Belize
. Owners of International Business Companies submit their applications to the International Financial Services Commission
. The following are licensed activities in Belize
- international insurance services;
- international asset management and protection;
- international mutual funds and other collective investment schemes;
- money transfer services and payment processing services;
- money brokering, lending and exchange;
- trading in foreign exchange;
- trading in securities and financial derivative instruments;
- international accounting services;
- consulting or advisory services in the fields listed above.
Apart from licensing with the International Financial Services Commission, foreign investors who open offshore company in Belize have few requirements and enjoy a simple company setup process.
Corporate law in Belize
The International Limited Liability Companies Act, the International Financial Services Commission Act and the International Insurance Act and the Offshore Banking Act are examples of relevant legislation for the financial sector in Belize.
The offshore services sector is very well developed and investors in Belize
are exempt from all local taxes, have no requirements for a minimum company capital, enjoy financial protection and the lack of foreign exchange control.
Belize offers a wide range of investment vehicles, available to entrepreneurs and investors worldwide. If you would like to know more about this convenient location to do business, please contact our Belize company formation agents