GENERAL INFORMATION

Total area - 22,965 sq km
Population - 230,000
Political status - Member of British Commonwealth.
Capital - Belmopan
Official language - English
Official currency - Belizean Dollar (BZD)
Time zone - GMT - 6

Company type

International Business Company (IBC)

Directors/Officers

Belize IBC companies require a minimum of 1 Director, who may be a natural person or a corporate body from any legal jurisdiction. There is no statutory requirement for a Company  Secretary to be appointed. Each Belize IBC company must file a Register of its Directors with the Register of Enterprises of Belize.

Shareholders

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 its

Authorised share capital

Standard authorised capital = USD 50,000. There is no statutory requirement for capital to be fully or partly paid on incorporation.

Company Names

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 licence has been obtained by the company.

Beneficial Ownership information

There is no requirement for information about beneficial ownership to be disclosed with local authorities.

Filing of Annual Return

Filing of Financial Statement

Corporate Taxation

Belize IBC companies are not subject to corporation tax in Belize.

Tax Treaties

Belize does not have treaties with any other jurisdictions dealing with the avoidance of double taxation for non-resident companies.

Timeframe for incorporation

6/7 working days.

Takeover of management & secretarial services for an existing Belize IBC company

Possible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Belize.

Description of incorporation documents

1. Certificate of Incorporation, issued by the Registrar of Companies of Belize;
2. Memorandum and Articles of Association, signed by the Subscribers of the Company;
3. Appointment of First Director;
4. Minutes of first Meeting of Directors - a document confirming appointment of the Nominee Director/s of the Company, and distribution of the shares of the Company;
5. General Power of Attorney, signed by the Nominee Director/s of the Company;
6. Agreement for the provision of nominee services and indemnification of the nominee; a document confirming ownership rights of the Beneficial Owner;
7. Resignation letter (undated), signed by the Nominee Director/s of the Company;
8. Share Certificates, signed by the Nominee Director/s of the Company;
9.  A seal of the Company.

Also, the first year domiciliation and legal maintenance of the Company is included in its price, as described below:

1. Legal address of the Company in Belize - provided for 12 months;
2. Local registered agent and secretary services - provided for 12 months;
3. Payment of annual fixed Government fees for first year;
4. Nominee Director/s and Shareholder/s services - provided for 12 months.

Price of Belize IBC company

1850 USD, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year.

Cost of annual support services

1550 USD, including full domiciliary (Registered Agent/Office) costs, annual Government Duty, Nominee services and legal support services for each year.