The location of the offshore company can have an impact on the types of businesses that can be run from that location, the need to disclose information about the company as well as the acceptance of various business activities.
There are several differences between Belize in Bermuda in terms of basic requirements for the formation of the company but also in terms of director identity requirements.
Like Belize, Bermuda has an important characteristic that can make it a tax haven: there are no taxes on profits derived from this location. What’s more, Bermuda has a convenient location for most foreign investors, most notably those from the United States: the Island is located just off the coast of North Carolina.
A difference between Bermuda and Belize is the fact that bearer shares are not allowed in Bermuda. In addition to this, the laws in Bermuda impose a higher minimum number of company directors, 2 compared to only one director in Belize.
The video below illustrates the main differences between Belize and Bermuda:
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.