Belize is a small Caribbean nation in Central America, flanked by Mexico on the north-west and Guatemala on the western and southerly sides. Formerly known as British Honduras, it came to be known as Belize since June, 1973.This country has had a rather eventful history beginning with the Maya civilization (1500 BC through 900 AD) going on to become a British Crown Colony in the 1800’s in course of over a century of their rule; it gained complete independence on 21 September 1981.The capital of this nation, which is the only English-speaking country in Central America, shifted from Belize City to Belmopan in the 1970’s. Territorial disputes with neighboring Guatemala have been a constant. Belize is a parliamentary democracy and constitutional monarchy; while there is the Cabinet led by the Prime Minister, who is the head of government, along with cabinet ministers who usually hold elected seats within it, Queen Elizabeth II, represented by the Governor-General is also there. Belize is a member of the Caribbean Community (CARICOM) as well as the Sistema de Integración Centroamericana (SICA).

Why set up an offshore division at Belize:

With the second largest barrier reef in the world and a pristine rain forest, a vast majority of the Belizean economy is comprised of the tourism industry, while agriculture also forms another key part of the economy. Noticing the huge opportunities in the realm of offshore companies, Belize authorities made amendments to the already competitive offshore legislation IBC Act (1990) so as to facilitate more efficient Belize offshore services. It now offers very attractive benefits to those incorporating offshore companies, also known as an International Business Company (IBC), which is ideal for conducting business worldwide. With its legal system based on English common law, Belize is steadily become a preferred offshore center in the region.

A summary of the positives of establishing a Belize offshore company is as follows:

Regulatory:

• 100% foreign ownership of the company
• No minimum capital requirement for a Belize IBC formation
• Single point regulatory body – speedy incorporation of IBC’s, within a couple of working days usually
• Flexible company structure – an individual or a group of shareholders or even a corporate body may form a Belize IBC
• Resident (local) secretary / director / shareholder / nominee not necessary
• Shares may be of the bearer or registered type, with or without par value, or else voting or non-voting. (Bearer shares must be kept by an approved custodian, usually the registered agent.)
• IBC can purchase and redeem its own shares
• Communication rules (board meetings) of the IBC strictly as laid down by the owners / shareholders themselves

Taxation:

• Attractive Tax Regime
• Offshore companies exempted from all taxes and stamp duties in Belize.
• No filing of Annual Returns or Accounts
• No compulsion to maintain company books, annual financial statements and records (in Belize or anywhere else in the world).
• Anti-Money Laundering Act does require adequate record keeping in case of an inquiry.
• No tax on worldwide profits
• Belize does not have double tax treaties.
• No restrictions on carrying out legit business transactions with associates outside Belize – financial institutions require a special license though (a few restrictions are imposed however, on offshore divisions dealing with Belizean residents or corporations)
• No currency restrictions
• No exchange controls

Confidentiality:

• No Disclosure of Beneficial Owner / Share-holder / Director / Nominee, even in public records
• Company documents do not bear the identity or name of any director or shareholder
• No public filing requirements (except articles of association and memorandum)
• Only the shareholder is allowed to inspect the share register maintained by the Belize IBC

Infrastructure:

• Full support and commitment from the Government
• Strategic Location (Central America)
• Hi-tech Infrastructure facilities (including medical, transport and high speed internet, high bandwidth telecommunications)
• Low Operating Cost Environmen

Price :

Company formation + Bank account in Belize from € 1298.00

Annual fees :

Annual fees for Belize are € 499.00/year (including agent fees and governemental tax)

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