Belize
NEWS
FACT FILE
Location Central America.
Time Zone Central Time Zone.
Population 340,792.
Capital Belmopan City.
Airport Phillip SW Goldson International Airport.
Language English, Creole, Spanish.
Currency Belize dollar (BZD). Tied at fixed rate to the US dollar (BZ$2=US$1).
Dialing Code +501.
Centre's Expertise International business companies (IBCs), international trusts, international insurance, mutual fund administration and management, international banking, trading in securities, securities and foreign exchange, international foundations, ship registration, international LLCs.
Political System Democratic.
Legal System English common law.
Personal Income Tax None for international financial services.
Corporate Income Tax None for international financial services.
Exchange Restrictions None for offshore activities.
Tax Treaties For full details, please go to www.ifcreview.com/TIEA
Permitted Currencies Any currency.
Minimum Authorised Capital US$1.
Minimum Share Issues US$1.
Shelf Companies Not allowed.
Incorporation Time Scale 24 hours.
Incorporation Fees US$100 if capital is 50,000 or less; US$1,000 if authorised capital exceeds 50,000.
Annual Fees Vary according to service provider.
Minimum Number One.
Residency Requirements None.
Corporate Directors Permitted.
Meetings/Frequency Subject to memorandum and articles.
Disclosure Not at the Registry but must be disclosed to the local registered agent.
Bearer Shares Permitted but immobolised with local registered agent in Belize.
Minimum Number One.
Public Share Registry No.
Meetings Frequency As desired by directors or members.
Annual Return Not for IBCs
Audit Requirements Not for IBCs
Registered Office Yes.
Domicile Issues Continuation of IBCs or LDCs to Belize.
Company Naming Restrictions Under the Act no company shall be incorporated under a name that contains the words 'assurance’, ‘bank’, ‘building society’, ‘trusts’, ‘chamber of commerce’, ‘insurance’, 'municipal’, ‘royal’, ‘fund’, ‘investment management’.
ARTICLES
Belize: Central America Rediscovered
  Glen Wilson, Bay Trust examines how Belize has adapted to international directives through enacting substantial legislative changes ensuring its status as one of Central America's premier destinations for financial services. (01/08/2012)
Belize: A Myriad of Opportunities
  Gian Gandhi highlights how Belize is positioning itself as the jurisdiction of choice for international entrepreneurs. (15/12/2011)
Caribbean Review 11/12
  The Caribbean Review featuring in-depth articles, commentaries on all the latest legislative and regulatory issues facing the Caribbean, now available online and in pdf format (01/12/2011)
IFCs prove crucial in growth of emerging markets
  Grant Stein comments on the use of IFCs by emerging markets in facilitating investment into these markets as well as putting developing capital to work around the globe (01/06/2011)
Belize: A Premier Jurisdiction for International Business Services
  Gian C Gandhi examines how Belize has progressed in enhancing its legislative and regulatory framework and made the move to the OECD ‘White List’ (22/01/2011)
Belize: Role Model of a Regulated Jurisdiction
  An exploration of the legislative and regulatory measures Belize has taken to stay compliant and competitive in the face of global economic turmoil. (04/02/2010)
Belize: An ideal jurisdiction for offshore investment
  2008 saw a wave of new regulations and products introduced in Belize. Gian Gandhi outlines the new measures. (06/01/2009)
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FURTHER BACKGROUND INFORMATION
  Belize Tax Treaties
  Belize currently has in place 28 Tax Agreements comprising of 12 Double Tax Treaties and 16 Tax Information Exchange Agreements. - read more...
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