Belize is known as a country with beautiful nature in Central America. It has ecologically clean waters which wash reefs untouched by civilization. It also has forests, rivers, waterfalls and jungle, as well as historical sites of Mayan civilization which attract many tourists from all over the world. In 1862, Belize was declared a British colony and was known as British Honduras. It became an independent nation in 1981. The country is ruled by a Prime Minister who is elected by a Senate.
Belize is practically the only country in region of Central America where the official language is English.
Frequent flights connect the country with such cities as Houston, Miami and New Orleans. The administrative capital of Belize is the city of Belmopan. However, the main commercial centre is Belize City which has a population of around 60,000.
Incorporation and management of IBC companies in this country is regulated under the International Business Companies Act 2000 which provides for full exemption of IBC companies from taxation.
Total area – 23,026 sq km
Population – 350,000
Political Status – Parliamentary Monarchy
Capital – Belmopan
Official Language – English
Official Currency – Belizean Dollar (BZD)
Time Zone – GMT – 6
International Business Company (IBC)
Belize IBC companies require a minimum of 1 Director, who may be a natural person or a corporate body from any legal jurisdiction.
Each Belize IBC company must file a Register of Directors with its registered agent Belize.
Belize IBC companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each Belize IBC company must file a Register of Members with its registered agent of Belize.
There is no statutory requirement for a Company Secretary to be appointed.
Authorised Share Capital
Standard Authorised Capital = USD 50,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation.
The name of a Belize IBC company must end with the words “Incorporated”, “Corporation”, “Limited”, or suffixes such as “Inc.”, “Corp.”, “Ltd.”, “S.A.”, etc.
Company names containing restricted words such as “Bank”, “Insurance”, “Trust”, “Assurance”, “Imperial”, “Royal” etc. will not be permitted unless an appropriate national operating license has been obtained by the company.
Beneficial Ownership Information
Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
Filing of Annual Return
There is no requirement to file an Annual Return.
Filing of Financial Statements
There is no requirement to file Financial Statements in Belize for IBC companies.
Belize IBC companies are not subject to corporation tax in Belize.
Belize IBC companies are not subject to Double Tax treaties concluded by Belize with other countries.
Time Frame for Incorporation
1-2 working days