Belize is an independent country with a population of 330,000, located on the Caribbean coast of northern Central America. Belize is a member of the British Commonwealth and the United Nations. English is the official language but Spanish is widely spoken as the major ethnic group of Belize is now Latino. City of Belmopan is the capital. Belize is parliamentary democracy with two major political parties, the People’s United Party and the United Democratic Party.
The principal corporate legislation governing International Business Companies (IBCs) is the International Business Companies Act Charpter 270 established in 1990. IBCs are exempt from taxation on business activities or transactions carried out of the Belize.
IBCs are required to have at least one director and one shareholder, which may be natural persons, or corporate entities.
Neither directors nor officers need to be shareholders. Shareholders, directors, and officers may be of any nationality and may be residents of any country. A company secretary is not mandatory and may be of any nationality and need not be resident in Belize. The language of legislation and corporate documentation is English. If any other language is used, it must be accompanied by a translation in English.
Both the English and Chinese company name can be included on a company’s Certificate of Incorporation.
Shares permitted include: registerd shares, shares of no par value, preference shares, redeembable shares and shares with or without voting right. Benificial owners need to be disclosed. There is no requirement to hold Annual General Meetings and meetings do not have t be held in Belize and can be held by telephone or other electronic means. IBCs do not have to file any account, or financial statements and there in no requirement to register initial or ongoing changes in directors or officers.
Belize has well established accountin firms, law firms and several international banks, offering a variety of products especially catered for the international clients. Belize has excellent satellite and fiber-optic telecommunication services including international roaming with its GSM network. Internet access is readily available through satellite, cable and DHL.
International courier services for express delivery through such courier services are well established.
One IBC can incorporate an IBC company with your choice of name and confirm the availability of names in advance. All IBCs are provided with a completed company kit, including shares certificates, two copies of the M&A, statutory registers, common seal and company chop. In addition, OneIBC can assist clients in obtaining certificates o good standing and other certificates o corpor