Belize

Belize

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Belize is located on the Caribbean seaboard of Central America with a population of approximately 307,000. Belize became a British Crown Colony in 1862 and gain independent in 1981.

  • Currency: The Belizean Dollar
  • Language: The official and spoken language in English
  • Type of law: Common Law
  • Type of company: International Business Company (IBC)
  • Principal Corporate Legislation: International Business Companies Act,1990, amended 2000.
  • Uses: Commercial and trading activities, subject to trading restrictions as below.
  • Trading Restrictions: IBC cannot trade within Belize or own real estate there. Cannot undertake the business of banking, insurance, assurance or reinsurance.
  • Company Name:Restriction: Cannot be in conflict with pre-existing company. Any name that in the opinion of the Registrar is undesirable or suggest an illegal activity or any name that may imply government patronage.
  • Language: Any languages
  • Suffixes: Limited, Corporation, Incorporation, Societe Annonyme, Sociedad Anonina, Gesellschaft mit Beschrankter Haftung or their abbreviationhs.
  • Language of legislation and corporate documents: English
  • Taxation: Total tax exemption is automatically provided by law for IBC companies
  • Annual license fee: USD for authorised capital below USD50,000. USD 1,000 for authorised capital above USD 50,000. USD 230 for companies with some or all of its shares of no par value.
  • Double Tax Treaty Network: Belize is not party to any Double Taxation Agreement.
  • Registered Agent/Office: The IBC must have a local registered office and an agent.
  • Shareholders: Minimum number: One
  • Publicly accessible records: No
  • Register of Shareholders: Must be kept at the Registered Office
  • Disclosure of Beneficial Owner: Not publicly available
  • Directors: Minimum: One
  • Can be corporate or natural person
  • Nationality: No restrictions
  • Publicly accessible records: No
  • Location of meetings: No restrictions
  • Secretary: Local or qualified: No restriction
  • Permitted currency: Any. No minimum or maximum capital requirement.  An IBC may issue bearer shares and shares of no par value. Bearer shares must be held in the custody of a local registered agent.
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