Belize offshore company

Introduction

Belize is an independent sovereign country, located on the Caribbean coast of Central America. It is bordered by Mexico to the north, Guatemala to the west and south, and by the Caribbean Sea to the east. It has an area of approximately 9,000 sq miles being 174 miles at its longest point and 68 miles at its widest point. The total population is estimated at over 300,000 with the major commercial center being Belize City. The population of Belize is ethnically diverse including descendants of the original Mayan culture, English settlers and other Caucasians, Creoles, Garifuna, Chinese, Middle Eastern and East Indians. English is the official and spoken language but Spanish is widely spoken as well. Belize is approximately two hours by plane from the major US hubs such as Miami, Dallas and Houston. Direct flights are available via international carriers such as American, Continental, Delta and TACA airlines. The local currency is the Belize dollar which is tied to the US dollar with a fixed exchange rate of BZ$2=US$1

Belize International Business Company ( “IBC”) is an offshore company which conducts its trading and business outside of Belize. Legislation also enables IBC to perform a number of activities in Belize. In addition, Belize has a modern and up to date offshore legislation for maximum flexibility when planning investments and taxes.

Advantages of establishing companies in Belize

  • Liability is limited to the nominal value of shares. Shareholders are not liable for the amount exceeding the nominal value of their shares.
  • Offshore companies in Belize are exempt from taxes.
  • Only one shareholder (owner) is necessary.
  • Board meetings may be held anywhere.
  • There are no restrictions or conditions for the nationality of shareholders and directors.
  • Shares may be issued to a bearer
  • There are no requirements for annual reports indicating the number of shares or the names of shareholders or directors.
  • Information concerning the company is not published in the Commercial Register, except for its existence, its legal address and the identification of a local agent.
  • The Company may carry out any activities that are not explicitly excluded by law or the Articles of Association.
  • There is no requirement to maintain a list of shareholders or directors.
  • Every company may purchase its own shares from its shareholders. This means that it can hold its own shares.
    Flexible structure.
  • Bookkeeping and annual account statements are not obligatory.
  • The nominal value of the shares may be determined on the date of issue.
  • General Meeting of Shareholders may be held anywhere in the world. Minutes of meetings of shareholders are not obligatory.
 Easy liquidation of the company.
  • Records and documents can be stored anywhere in the world.
  • No need for a foreign exchange licence.
  • Offshore company in Belize can be established as a company with limited time of existence. This will be stated in the Article of assoc

Restrictions

  • An IBC cannot carry on business with residents in Belize
  • An IBC cannot own real interest in real property situate in Belize
  • An IBC cannot hold share, stock, debt obligation or other securities in a local company
  • An IBC cannot issue shares , stock, debt obligation or other securities to any person in Belize or any local company
  • The name of a Belize IBC may not contain the words “Building Society”, “Chamber of Commerce”, “Chartered”, “Cooperative”, “Imperial”, “Municipal”, “Royal”, or any word conveying a similar meaning
  • iation.

Important information about company management:

Renewal fees for the next year have to be paid no later than 31.12 the previous year. For example, if a company is registered in September 2015, renewal fees for 2016 must be paid no later than 31 December 2015 and renewal fees for 2017 must be paid no later than 31 December 2016. To ensure that the renewal fees will be paid on time, we send an invoice with instructions for payment of annual fees in early December. If this payment is late, the company will have to pay 10% penalty for every 30 days of delay and it can be deleted from the Commercial Register.

Belize IBC Act – download Belize_IBC_Act

Fees and charges

Services1st year fee / One time feeAnnual fee
Company formation, local fees, registred office, registred agent, basic set of company documents with apostille€ 790€ 720
Nominee director (natural person), incl. POA with apostille € 300€ 300
Nominee shareholder (natural person)€ 235€ 235
Signing of documents by Nominee€ 30
Apostille and Notarial€ 100
Issunace of Additional POA € 60
Issunace of Additional POA with Apostille € 160
Courier dispatch services€ 80
Certificate of Good standing € 100
Certificate of Good standing with Apostille€ 200
Certificate of Incumbency€ 90
Certificate of Incumbency with Apostille€ 190
Register of Directors€ 30
Register of Shareholders€ 30