Jurisdiction

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