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.
The video below summarizes the requirements for special licensing in Belize:
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 an offshore company in Belize have few requirements and enjoy a simple company setup process. These also include the step to open a bank account 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 banking regulations applicable here also stipulates what investors have to complete if they want to set up a bank account for a company 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.
Call us now at +230 5252 6703to 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.