Belize
Belize, formerly British Honduras, is an independent country on the eastern coast of Central America. Belize is bordered on the north by Mexico, on the south and west by Guatemala, and on the east by the Caribbean Sea. Its mainland is about 290 km long and 110 km wide.
Key Benefits:
- A bank account does not need the directors to be present in Belize to remain open.
- The only tax is the government fees which is $100, that has to be paid annually.
- One of the lowest costs for incorporating an offshore company around the world.
- Belize will not reveal any banking or fiscal information to any foreign party, as the privacy and confidentiality of its corporate bodies it is a part of Belize Legislations.
- There is no requirement for a company to have secretarial members.
Fact Sheet
General
| Type of Company | IBC |
| Type of Law | Common |
| Shelf company availability | Yes |
| Our time to establish a new company | 1 day |
| Minimum government fees (exl. Tax) | USD 100 |
| Corporate Taxation | Nil |
| Double Taxation Treaty Access | No |
| Share capital or equivalent | |
| Standard currency | USD |
| Permitted currencies | Any |
| Minimum paid up | 0 |
| Usual authorised | US 50.000 |
Directors & Secretary
| Minimum Number | 1 |
| Local Required | No |
| Publicity accessible reports | No |
| Location of meetings | Anywhere |
| Secretary | No* |
Shareholders
| Minimum Number | 1 |
| Local Required | No |
| Publicity accessible records | No |
Accounts
| Annual Tax Return | No |
| Audit Requirements | No |
| Requirements to file accounts | No |
| Publicity accessible records | No |
Other
| Requirement for file annual return | No |
| Change in domicile permitted | Yes |
| Recurring Government costs | |
| Minimum annual Tax/ License Fee | USD 350 |
| Annual Return Filling Fee | Nil |