Company Formation In Belize

What are advantages of the formation of a company in Belize?

Belize is located in the Caribbean on the coast of Central America, though situated on the continent. The country enjoys preferential advantages on the British market as the UK is the major partner of Belize in Europe and provides the country with generous social support financing. Belize is a country with a stable democracy. A company registered in Belize may be used for trading and investment activities and is fairly considered to be an effective instrument for international tax planning and optimisation. Belize offers a favourable tax regime, namely exemption from all local taxes and duties, including income and corporation taxes, capital gains tax, stamp duties, taxes upon the transfer of assets, taxes upon all interests, rent, royalties, etc. The company registered in Belize is not subject to any currency controls either. As no taxes are expected to be paid by a Belize company, there is no requirement to file and submit any financial statements or tax returns at the end of each fiscal year. A financial audit is not mandatory either. The company in Belize may be incorporated with at least one shareholder. The company shall have not less than one Director and may have no Secretary. Any meeting of shareholders or the Board can be held in any location in the world. The company established in Belize enjoys the benefits of a strict confidentiality regime with respect to its beneficial owners. Information on beneficial shareholders and directors of the company is not publicly available and may be disclosed solely on the basis of one's own discretion. No third parties can gain access to the shareholders register. As the institute of nominal shareholders and directors is officially implemented, the most significant advantage of formation of the company in Belize is that it is impossible for third parties to find out who the real owners of the business are. Belize offers a quite straightforward and clear procedure for the formation of a company and reasonable incorporation and maintenance fees. The procedure on incorporation of a company usually takes 24 hours, though you should allow some time for the delivery of all required documents. What kind of companies can be incorporated in Belize?

A Belize Offshore Company can be incorporated in the form of a Belize International Business Company (Belize IBC) or Belize Corporation. The company name must end...