Belize, the bastion of democracy in Central America was established as a British Colony in the XVIII century and later in 1981 obtained its independence conserving nevertheless the British legal system. Located in the coast of the Central American Caribbean, it limits with Mexico and Guatemala with a geographic extension of 9,000 square miles.

In 1990, the Government promulgates the International Business Companies Act, carbon copy of the British Virgin Islands International Business Companies Ordinance, which completes the legal picture that along with the infrastructure of services and communication allows the operation of an International Financial Center from Belize, based on the protection of assets and the minimization of tax payments.

ADVANTAGES OF AN IBC
The International Business Companies are a hundred percent tax-free in Belize.

Only one subscriber is required to constitute the Company and a single shareholder later on.

The IBCs may have a single director which may be a joint-stock company.

The shareholders and directors' meetings may be held in any country, at any time and may be attended by proxy.

The stocks of the company may be issued without nominal value.

There is not a Public Registry to identify the shareholders or directors of an IBC.

There is not an exchange control in Belize.

HOW CAN AN IBC BE CONSTITUTED?

One or more individuals select a name (the name must have an internationally recognized word or abbreviation such as: Limited, Corporation, Society, Anonym, S.A., etc.)

The Authorized Capital must be decided. The license registration and annual payment are calculated based on the authorized capital amount. In most cases it is constituted with an authorized capital of US$50,000.00.

The registration of an Office and of an Agent is required; these in effect provide the format for the address of the Company.

However, it is not necessary to maintain accounting books in Belize, and they do not require the audit of accounts to present the declaration of revenues, in fact none of the businesses have the necessity to lead its affairs from their physical address.

As it is the case in many occasions, the individuals that constitute an IBC wish to remain anonymous for diverse reasons. This can be achieved with the appointment of "dummies", and by issuing shares in favor of the bearers after constituting the company.

To assure this anonymity, it is necessary to appoint directors that will be under the direct control of the proprietor of the company.

These directors will act solely under the instructions of the true owner of the society.

Company formation request