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Articles
Why Open an Offshore Company in Belize?
Updated on Sunday 05th March 2023
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Offshore companies present a number of advantages to investors, primarily related to the minimization of the tax obligations. Choosing the offshore jurisdiction is an important element after deciding that an offshore legal entity is suitable for one’s business purposes.
Why open an offshore company in Belize? Investors can explore the main advantages of this jurisdiction, as they are presented by our Belize company formation agents.
The video below presented by our company registration experts highlights some of the most important advantages Belize has to offer as an offshore jurisdiction:
Easy company formation
Foreign investors who open a company in Belize enjoy a very simple and expedite company formation process. The International Business Company is the type of legal entity preferred by offshore investors and has low incorporation and management requirements.
Important tax benefits
Undeniably, one of the main advantages of those who open an offshore company in Belize is related to taxation. There are no corporate taxes in Belize and as such there no requirements for annual reporting. Some accounting requirements are in place and one of our local Belize experts can help you with adequate information about these.
High privacy for investors, compared to other offshore locations
Belize is a jurisdiction that implements a set of very advantageous policies related to the privacy of company directors. For example, in the Bahamas company directors are required to disclose personal information while in Belize the information concerning company directors is not publicly available.
What’s more, Belize does not have an exchange control policy and the banking regulations are also formulated to the advantages of the bank account holder. The only situation in which the bank account information may be disclosed is if the individual is subject to an ongoing criminal investigation.
Our team of Belize offshore company formation agents can help foreign investors every step of the way during the company incorporation procedure. Moreover, we provide a number of services connected to offshore company formation and management.
If you are interested in opening a company, this can qualify as making a a substantial investment in the country. Such as investment can make one eligible for temporary residency in Belize. Our team can give you more information about the general residency conditions, the documents you need to submit for temporary residence, and how you can apply for permanent residence once you have been in Belize for a minimum amount of time.
If immigration to Belize is something that interests you, we can guide you throughout the permanent residence process and will evaluate your situation in order to determine if first you are eligible for permanent residency and if, secondly, you are eligible for citizenship, if this is something that interests you. We can also answer other questions, such as those concerning Belizean passports.
Contact us for complete assistance for opening an offshore company in Belize.
Have you decided to open an offshore company in Belize and need legal guidance? Our lawyers in Belize are ready to answer any questions about business and commercial law and can also assist you with other matters and legal representation. You can also reach out to us if you have questions about the immigration and employment law, or about real estate purchase in Belize.
We can also help you move to Belize.
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.
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