Home   Knowledge  Other Jurisdictions  Offshore Company Registration  Belize  Introduction to Belize 

KNOWLEDGE

SHARE

Introduction to Belize

【Font:L M S

Introduction of Belize

Belize, formerly known as British Honduras, is a scenically beautiful, independent country located on the Caribbean seaboard of Central America. The following a brief introduction of the location: -

1.       General Information

Belize has an area of approximately 23,026 sq. km, and is bounded by Mexico to the north and Guatemala to the west and south. The administrative capital is Belmopan, but the major commercial centre is Belize City, which is located on the eastern coast close to the major international airport.

2.       Population

The total population of Belize is around 400,000 of which some 61,500 live in Belize City. Much of the country's population is ethnically diverse and includes descendants of the original Mayan culture and people of Caribbean, Caucasian, Chinese and East Indian descent.

3.       Political Structure

Belize has a long history of peace, stability and democracy. It became a British Crown Colony in 1862 and achieved complete self-rule in 1981. Belize is a member of the British Commonwealth, the United Nations and the Non-Aligned Movement.

Belize, which recognises HM Queen Elizabeth II as head of state represented by a Governor General who must be a Belizean national, is a parliamentary democracy and constitutional monarchy. The National Assembly is composed of the Senate and the House of Representatives, the Senate has 12 members, and the House of Representatives comprises of 29 members, directly elected at intervals of no longer than five years. The prime serve and cabinet have official control.

There are two main political parties; both parties are committed to the economic development of the country and the encouragement of overseas investment.

4.       Infrastructure and Economy

Belize's unspoiled environment with cays and barrier reef make it a popular destination for eco-tourists, whilst its clear unpolluted waters are excellent for swimming, diving, fishing and other aqua sports.

The country also offers a unique mix of unspoiled woodlands, caves, rivers, mountains, waterfalls and jungle, in addition to a wealth of Mayan archaeological sites. There are also forest reserves, wildlife sanctuaries, marine resort areas and the world’s only jaguar reserve.

Major exports are sugar, bananas, citrus products, fishery products, garments and timber and wood products. The offshore finance industry is generating an increasing proportion of national income.

5.        Language

The official and spoken language is English.

6.       Currency

The Belize Dollar (BZD, BZ$).

7.       Exchange Control

Offshore activities are exempted from exchange control.

8.       Type of Law

Belize use Common Law that is based on English Company Law.

9.       Principal Legislation

International Business Companies Act, 1990, amended 2000

See also:
Belize Company Registration Procedures and Fees
Belize Company Registration Package #BLZIC03 - Belize Company Registration with Corporate Bank Account

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.

If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:

Email: info@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ WeChat: +852 5616 4140
Skype: kaizencpa

Language

繁體中文

简体中文

日本語

close