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Summary of Features of Belize International Business Company

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Summary of Features of Belize International Business Company
The following are summary of features of an International Business Company (IBC) in Belize:

1.       Basic Feature

Available special types of company

Limited Liability Partnership

Limited Life Company

Public Investment Company

Conduct business internationally

Yes, except in Belize

Currency controls / restrictions

IBC is not subject to any currency controls

Official language / language of documents

English

Ready-made (shelf) companies

Available

Redomicile a foreign company into Belize

Yes

Redomicile a Belize company abroad

Yes


2.       Basic Requirement of Belize IBC

Operational objects

Anything that is not expressly prohibited by law

Registered Agent in Belize

Required

Registered Address in Belize

Required

Holding of Annual General Meeting

Not mandatory

Convention of Meetings of Directors/Members

Anywhere in the world, also by proxy

Corporate Seal

Mandatory

Imprint of Corporate Seal

To be kept by the Registered Agent

Corporate Minutes and Resolutions

To be kept by the Registered Agent


3.       Share Capital


Minimum authorized capital

No minimum required

Minimum paid-up capital

No minimum required

Optimum authorized capital

USD50,000.00

Minimum number of issued share

1

Capital currency

Any, but US dollar is standard

Bearer shares

Prohibited


4.       Director


Minimum number of directors

1

Non-resident directors

Allowed

Corporate directors

Allowed

Register of Directors

To be kept by the Registered Agent

Register of Directors filed for public record

No


5.       Member and Ultimate Beneficial Owner


Minimum number of shareholders

1

Non-resident shareholders

Allowed

Corporate shareholders

Allowed

Register of Members

To be kept by the Registered Agent

Register of Members filed for public record

No

Disclosure of Beneficial Owners to Registrar

No

Disclosure of Beneficial Owners to Agent

Yes (confidential due diligence)


6.       Accounting and Taxation

Keeping of accounts

Only if desired

Auditing of accounts

Not required

Filing of accounts

Not required

Double-tax avoidance treaties

None

Income tax in Belize

None

Application of TIN in Belize

Required


For further information of Belize, please visit Introduction to Belize.

If you are interested of setting up a Belize IBC, please refer to Belize Company Registration Procedures and Fees.




Disclaimer

All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.

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