Belize

The state of Belize is located in Central America. It shares borders with Mexico and Guatemala. Its shores sit on the Caribbean Sea. The country is flat, with many lakes and lagoons, and some low mountains. Approximately half of the country is covered by rainforest. In the south-west and north of Belize, large areas are covered with deciduous broad-leaved and coniferous forests.
Belize's economy is underdeveloped. The main sector of the economy is agricultural; (bananas, cocoa, citrus fruits, sugar cane).

Belize's main foreign currency income is tourism. Industry is mainly related to clothing production, construction and oil extraction. The food industry is also developed.
The official language of Belize is English. The Belize dollar is the state's official currency.
Belize has an active foreign policy aimed at international integration and cooperation. The state cooperates with the following international organisations: World Trade Organisation (WTO), International Court of Justice, African, Caribbean and Pacific Group of States, European Union, etc. Belize is considered one of the best offshore zones.

6 simple steps to purchase a company

  1. choosing a country

  2. choosing a bank

  3. payment (by any method)

  4. sending documents

  5. company registration

  6. bank account opening

Main advantages

From all the possible types of advantages that open up to the founders when incorporating a company, it is definitely worth noting:

  1. Closed register of persons.
  2. Low taxes.
  3. It is possible to quickly open a company in Belize.
  4. There are no accounting and auditing requirements.

Organisational and legal forms of companies

According to current laws it is possible to register your company in the following legal forms:

Limited Liability Company (LLC).

Company names must include a suffix such as LLC or LC or the words limited liability company. A mandatory registration agent and registered office in Belize.

International Business Company (IBC).

Company names must include a suffix such as "Limited", "Corporation", "Incorporated", "Society Anonyme" or "Sociedad Anonima" or "Aktiengesellschaft" or the abbreviations "Ltd.", "Corp.", "Inc." or "S.A." or "A.S." or "A.G.". The names can be in any language in Latin letters.

A mandatory registration agent and registered office in Belize. The presence of at least one director. The director may be an individual or a legal entity.

Features of company incorporation

Based on the analysis of the current legislation regulating the activities of business entities, the following can be highlighted with regards to the specifics of the process of registering your business:

  1. The IBC must each have one shareholder and one director in Belize. There is no residency requirement for the shareholder and director.
  2. When registering an offshore company in Belize, information regarding the company's directors and shareholders is not publicly available.
  3. No company secretary required.

Taxes and fees

The state has the following features for levying taxes and fees

For offshore companies in Belize, there are no taxes of any kind, including taxes on profits, dividends, gifts, property, inheritance, rent, royalties and others, as well as no stamp duty and currency control.

In order to enjoy the benefits of tax-free travel, the following rules must be adhered to:

  1. The company cannot conduct business with Belizean residents;
  2. You cannot own real estate located on the territory of Belize (you can only rent an office);

The only thing that needs to be paid is the annual state fee to keep the business active.

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