Factor |
Description |
Income tax in Belize |
None |
Conduct business internationally |
Yes |
Conduct business within Belize |
No |
Formally considered as tax-resident in Belize |
No |
Official language / language of documents |
English |
Operational objects |
Anything that is not expressly prohibited by law |
Minimum authorized capital |
No minimum required |
Optimum authorized capital (minimum state duty) |
$ 50`000 |
Minimum paid-up capital |
No minimum required |
Capital currency |
Any. US dollar is standard. |
Bearer shares |
Yes (but only held in custody by Agent in Belize) |
Registered Agent in Belize |
Required |
Registered Address in Belize |
Required |
Minimum number of directors |
One |
Non-resident directors |
Allowed |
Corporate directors |
Allowed |
Register of Directors |
To be kept by the Registered Agent |
Register of Directors filed for public record |
No |
Minimum number of Members (shareholders) |
One |
Register of Members |
To be kept by the Registered Agent |
Register of Members filed for public record |
No |
Holding of Annual General Meeting |
Not mandatory |
Convention of Meetings of Directors / Members |
Anywhere in the world, also by proxy |
Corporate Seal |
Mandatory |
Imprint of Corporate Seal |
To be kept by the Registered Agent |
Corporate Minutes and Resolutions |
To be kept by the Registered Agent |
Disclosure of beneficial owners to Registrar |
No |
Disclosure of beneficial owners to Agent |
Yes (confidential due diligence) |
Keeping of accounts |
Only if desired |
Auditing of accounts |
Not required |
Filing of accounts |
Not required |
Double-tax avoidance treaties |
None |
Currency controls / restrictions |
IBC is not subject to any currency controls |
Available special types of company |
Limited Liability Partnership Limited Life Company Public Investment Company
|
Redomicile a foreign company into Belize |
Yes |
Redomicile a Belize company abroad |
Yes |
Net time to incorporate |
1-4 days (plus delivery) |
Ready-made (shelf) companies |
Available |