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Articles

Open an Offshore Company (IBC) in Belize

Updated on Friday 14th September 2018

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The Belize International Business Company (IBC) is a type of private company that can be incorporated in Belize under the local IBC laws which are specific to this jurisdiction. It has a set of characteristics that make it appropriate for foreign investors and popular among those who wish to open an offshore company.
 
The Belize IBC is an advantageous type of offshore company used by investors interested in trading but also for tax planning and asset protection. 
 
This type of company is easy to incorporate and has many advantages from the taxation point of view. Our Belize company formation agents can give you in-depth details about the investment climate in the country and the many advantages for foreign investors who set up an offshore corporation here.
 
Our agents invite you to watch the following video on the formation of an IBC in Belize:
 

 

The characteristics of the Belize IBC

 
The table below summarizes some of the main characteristics of the International Business Company in Belize:
 
Characteristic Description
Suited to many business needs The international business company (IBC) is a type of company suited for traders, consultants in various fields or entrepreneurs who wish to open an online business. Likewise, it can be easily used for inheritance or tax planning purposes.
A minimum number of restrictions A number of restrictions do apply in terms of owning shares, stock or securities in a local company and for owning immovable property in Belize.
No need for special permits The international business company can, in most cases, operate without special permits and licenses. There are a few restrictions, however, and the application and licensing in these cases is performed with the International Financial Commission. They apply for the provision of international insurance services, payment processing services, trading in foreign exchange, accounting services and a number of other business activities. 
No taxes The special taxation regime for the IBC is perhaps one of the greatest advantages for investors. The company is exempt from corporate taxation in Belize and has no mandatory annual reporting requirements. 

 

Our Belize company registration specialists can give you more details on the particularities of using an IBC as an investment and/or tax planning vehicle.
 

Doing business via a Belize IBC

 
The IBC in Belize is a flexible business structure and, as highlighted above, one which is not subject to taxation. This is an important advantage and it allows investors to use the business entity for a variety of purposes.
 
The Belize IBC can be used for asset protection, for offshore banking and offshore investment and as a holding company. Entrepreneurs who wish to open a company in order to provide services (not in Belize but in other locations) will also find that the tax-exempt legal structure is advantageous. The IBC can be used for trading activities but also for different e-businesses. for example, consultants can offer their services via an IBC or it can be used for owning real-estate (with a few applicable restrictions).
 
Many entrepreneurs who open a Belize company will find it easy and also advantageous to work via a virtual office. Our team can help you with a virtual office package that will allow you to maintain a local phone number and a postal address if you choose to do so.

 

Easy Belize offshore company formation

 
Investors need to follow a few steps in order to open an offshore company in Belize. The company can be incorporated in as little as twenty-four hours if all the documents are in order and the name check and reservations are complete.
 
A bank account will be needed when opening a company and investors will find that banks in Belize offer good corporate packages with accounts in various currencies and internal banking options. A merchant account is also an option and a necessity for some times of businesses, namely the e-commerce businesses.
 
Investors should know that even though there are no taxes for the IBC, a Government fee does apply and it is paid annually. The actual fee will depend on the amount of authorized capital and it will be larger as the capital grow. For example, the usual starting tax is 150 per year for a Belize IBC that has an authorized capital of no more than 50,000 $. For the first year, the tax will be even lower, at 100$. Other set up costs in Belize will include the ones directly related to company incorporation. examples include the package for a virtual office, the costs for the registered agent and other administrative costs. Our Belize company formation agents offer incorporation services at competitive prices that usually include a full incorporation offer. You can reach out to us for more details about what our special packages include.
 
Belize is a recognized offshore center, with a fast company registration procedure and high investor confidentiality. This last trait is an important one for many investors because it allows them to incorporate a company without having to disclose their identity. There is no mandatory record of the beneficial owners, company directors and shareholders and investors can choose to appoint a nominee director and/or shareholder. The identity of the registered agent will be made public, however, this is a service that can be provided upon request and it is also offered by our team of experts.
 
Belize has many advantages for entrepreneurs, from the lack of taxes to the very fast incorporation process. If you are interested in quickly opening a business here, reach out to our agents to arrange the transmission of the initial electronic documents needed for incorporation. 
 
You can contact our Belize company registration experts for more information on the incorporation of an IBC and further details on company management and control. 
 

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