+230 5252 6703

+230 5252 6703
Company Formation Belize


Open an Offshore Company in Belize vs. Cayman Islands

Updated on Friday 08th October 2021

Rate this article
5 5 1
based on 2 reviews

Open-an-Offshore-Company-in-Belize-vs-Cayman-Islands.jpgAn obvious difference between the two jurisdictions lies in their location: the Cayman Islands are located in the western Caribbean Sea, closer to the United States (Miami) while Belize is located in Central America. However, the location is not the only difference. Our team of Belize company registration agents highlights some of the main differences between these two jurisdictions.
The list below is a summary of the main issues to consider when comparing the two jurisdictions:
  1. Location: from a location point of view the Cayman Islands are more accessible to foreign investors form the United States.
  2. Taxation: this is a characteristic that is unchanged for both jurisdictions, as there is no corporate income tax for companies.
  3. Easy incorporation: both locations offer a quick and easy company incorporation process, with minimum requirements for company management.
  4. Confidentiality: another common characteristic for many offshore jurisdictions; we discuss this trait in more detail below.

Open an offshore company in the Cayman Islands

A difference between the Cayman Islands and Belize in terms of requirements for offshore companies is that in Belize there is no mandatory requirement for the registered agent while in the Cayman is it mandatory to have one.  Moreover, when a registered agent is used, the beneficial owner is disclosed to this agent. The shareholders are not disclosed in either jurisdiction.
Another difference between the Cayman Islands and Belize is that the first jurisdiction requires companies to submit an annual return while in Belize this is not a formal and mandatory accounting requirement (although companies are required to keep proper accounting record at their registered office).
For those investors interested in knowing more about the registered agent option, our team of Belize company formation agents can help answer some of the most common questions.
We can also answer any questions that may relate to how you can obtain Belize permanent residency, should you also be interested in this step as well.

Open an offshore company in Belize

Belize shares a number of similarities with the Cayman Islands, but as mentioned above it has lighter requirements for accounting and there is no mandatory need to appoint a registered agent, although this can be recommended for some businesses.
Belize distinguishes itself from other offshore locations through a high degree of investor protection. The beneficial owner is not disclosed and there is also a high degree of bank secrecy.
The Belize company formation process is a quick one that can be handled with the help of our experts. Contact us for more information and investment advice.

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.

Contact us

We accept online payments

For Website Owners

Are you a website owner? We are open to different partnerships and collaborations.

Become our Partner!