Participants:A participant may be one person (both natural and legal), regardless of residency. Possible nominees. Permitted to manage the shares by proxy.
Charter capital:
There are no requirements as to the minimum or maximum amount of the authorized capital.
Stock:
Allowed to issue bearer shares with or without par value
Director:
Natural or legal person, regardless of his residence. There are no specific requirements. All rights are defined by the charter (except those that are in the competence of the shareholders).
Taxation:
International Business Company is exempt from corporate income tax, capital gains tax, withholding tax and other taxes and fees.
Reporting:
No need for bookkeeping and delivery of the annual financial statements.
Actions permitted:
Any activity not prohibited.
Banking, trust or insurance activities are permitted only with a special license.
Restriction of activities:
It is forbidden to conduct business with residents of Belize (they do not include the International Business Companies).
Forbidden to own property located on the territory of Belize (can only rent office space). Not act as founders (participants) of the local resident companies. Forbidden to provide banking, insurance and reinsurance services.
The agreement on the avoidance of double taxation:
United Kingdom, the Caribbean Community.
Registered Office / Agent:
Necessarily.
Exchange control:
No.
The advantages of companies in Belize:
- Belize has one of the most stable governments in the Caribbean region ;
- Infrastructure;
- Any profits IBC (International Business Company) is not subject to tax, not a tax on inheritance and gift tax, no stamp duty in respect of monitoring the transport and foreign exchange;
- Data owners and directors shall not be made public and remain confidential;
- Not be required to pay an annual tax;
- Do not require a minimum registered capital;
- Annual meetings may be held in any country at any time;
- Quick easy registration process.
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