Belize

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Belize

Belize

 

Belize is the state in the Central America, that borders upon Mexico and Guatemala and is famous not only for its unique nature: the forests are rich for the valuable breeds of trees and a diverse animal world, but also for the supportive business environment.

  1. 1.      Legislation:  the company's activity is regulated  by the such laws: International Business Companies Act 1990, International Business Companies (Amendment) Act, 1995, Limited Life Companies Act, 1999.
  2. 2.      Form of the company: the most popular form of organization of business is IBC (International Business Company). For doing activity, connected with bank or insurance special licenses or permissions are required. There are restrictions in trading with Belize residents and in owning real estate on the territory of Belize.
  3. 3.      Registration of company.

 

Name of the company: the name of the company must differ from the registered names or names, that are  alike; must not include words, that can be considered as unreliable or indecent by the local authorities; the name of the company may be at any language.

Director's information: minimum quantity – one. Natural person or legal entity may be a director. There are no residence requirements.

Shareholder's information: minimum quantity – one. Natural person or legal entity may be a shareholder. There are no residence requirements.

Secretary information: there are no requirements.

Information about registered office and agent: there are requirements according having the registered office and agent.

Minimum size of share capital: the standard amount of share capital is 50,000 $. There are no requirements of paying it.

Taxation: taking into account the offshore status of Belize, there are no requirements of paying income tax, ta[ on increase of tax, tax on gifts and heritage.

Accounting: there are no requirements of submission audit statements to the state bodies, but the companies are obliged to save financial statements, that show their financial condition.

 

Peculiarities: The main advantages of registration a company in Belize are: the system of English law, competitive size of different charges, highly qualified service, the ability of registration a company at any language.