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Accenica | offshore jurisdictions - Belize


Jurisdiction

belize offshore Belize

Belize was formerly called British Honduras and is an independent democratic Commonwealth country located on the Caribbean seaboard of Central America. Since independence from Britain in 1981, it has enjoyed a stable and democratic Government.

The administrative capital is Belmopan, but the major commercial center is Belize City, which is located on the eastern coast close to the major international airport. The total population of Belize is around 300,000 of which some 60,000 live in Belize City.

Belize is an internationally-recognised offshore centre. Its main advantages are the speed with which it is possible to register a company (24 hours) and the increased confidentiality that this country offers

Main characteristics:

Company type International Business Company (IBC)
Governing corporate legislation The Belize International Financial Service Commission is the governing authority and companies are regulated under the IBC Act 1999
Information published relating to company officers There is no public register of company officers
Confidentiality Belize offers a high level of anonymity and privacy
Accounting requirement No accounting / reporting requirements
Taxation No taxes of any sort
Legislation Modern offshore legislation
Standard Currency US$
Time to form Belize has a fast and efficient Registry : 24h formation time.
Stability Stable jurisdiction with very good reputation
Communication Efficient communication means
Time zone Convenient world time zone : GMT-6
Secretary required No
Paid up capital requirement No paid up capital requirement
Basis of legal System Under Common Law
Minimum shareholders / directors Minimum of 1 Director / Shareholder
Bearer shares Bearer Shares are permitted