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Belize lies on the Eastern or Caribbean coast of Central America, bordered on the North by Mexico, on the West and South by Guatemala and on the East by the Caribbean Sea.
It is separated by sea from it's neighbour to the South-West, Honduras. Belize has been an Independent nation since 1981 and is a Member of the British Commonwealth of Nations. Queen Elizabeth II is Head of State. Belize is a parliamentary democracy with two major political parties, the United Democratic Party (UDP) and the People's United Party (PUP). In the last General Elections, the UDP won an overwhelming majority and currently holds power, led by Prime Minister Mr. Manuel Esquive. The Leader of the Opposition is Mr. Said Musa. Belize has a Constitution, which includes a Bill of Rights.

Belize


The population is approximately 250,000. The average annual growth rate is 2.6%. The main ethnic groups are Creole (African Descent), Mestizo (Spanish-Maya), and Garifuna (African Descent). There is also a number of people of Spanish and East Indian descent. The ethnic groups, however are heavily intermixed. There is also a small Mennonite community of European origin. The multi-racial make-up of the Belizean society includes Chinese, Arabs and other ethnic groups.

Local currency is the Belize Dollar. One U.S. dollar is worth BZ$2. U.S. dollars should be exchanged directly in purchasing goods and services, as banks will charge a fee (currently is at .0125) to exchange U.S. to Belize dollars. U.S. dollars are accepted everywhere in Belize.

English is the official language and the language of instruction in schools but almost everyone speaks an English dialect, or Creole patios, the vernacular of the country. Spanish is also widely spoken. It is taught in primary and secondary schools in order to further develop bi-lingualism. In certain areas of the country, such as Orange Walk and Corozal District in the north and the Cayo district in the west, Spanish is spoken as a mother tongue by the majority of the people. In the southern districts of Stann Creek and Toledo, there are people whose first language is Garifuna or Maya.

Characteristics of an offshore company registered in Belize

Corporate Law

Law of international business companies, was introduced in 1990

To improve the business in 2000 has been amended

(International Business Companies Act Chapter 270 revised edition 2000)

Company Type

International Business Companies (International Business Company - IBC)

Shares and capital requirements

  •     The register of the shares of Belize corporations must be kept up to date anywhere in the world as per directors' decision and make it available for inspection by the shareholders;
  •     Shares can be issued with or without par value;
  •     Shares may be issued in any recognizable currency;
  •     Shares may be paid up in cash or through the transfer of other assets or for other consideration
  •     The bearer shares may be issued
  •  The standard share capital is USD 50,000 or an equivalent in another recognizable currency.


Bearer shares

Allowed


Minimum capitalization

The minimum paid in and issued capital may be one share which is fully paid.


Flexibility in company structure

  •     There is no requirement for a secretary resident or otherwise. -
  •     Only one director or shareholder required for the company formation.
  •     Shareholder(s) and director(s) may be the same person.
  •     The shareholder(s) and director(s) can be a natural person or a corporate body.
  •     There is no requirement for appointing local shareholder(s) and director(s).


Taxation

IBC are exempt from all taxes and stamp duties


Maintain company books and records in Belize

IBC records and accounts do not have to be held or filed with the authorities. If the shareholders, directors or officers decide to maintain such records or accounts, these may be held anywhere in the world.


Annual financial statements and other records

  •     There is no requirement for any financial statements, accounts or records to be kept for a Belize IBC
  •     If it is found to be desirable or necessary by the director(s) or shareholder(s) these records may be held anywhere in the world


Annual Fees

Government incorporation fee is USD100; annual fee of USD 100.


Meetings

  •     There is no requirement for meetings of shareholder(s) and/or director(s)
  •     If meetings of shareholder(s) and/or director(s) are desirable these meetings can be held by telephone or any other electronic means of communication providing that all participants can clearly hear each other.
  •     Meetings if thought necessary can be held anywhere in the world.


Privacy of identity of principals

The documents for Belize offshore Incorporation do not carry the name or identity of any shareholder or director. The names or identities of these persons do not appear in any public record.


Confidentiality

Shareholder(s) and/or director(s) nominee services are allowed to ensure confidentiality.


Company names

The names of the offshore company must end with the following words, phrases or abbreviations: "Limited", "Ltd.", "Corporation", "Corp.", "Incorporated", "Inc.", "Societe", "SA", "Societe Anonyme "," Sociedad Anonima "," Naamloze Vennootschap "," Public Limited Company "," GmbH "," LLC "or" PLC "

 

International business company (IBC) - Standard order

 International business company (IBC) 

US$ 900.00

 US$ 1,500.00

Standard order

 The documents/services which are provided to the client are:

  • Certificate of Incorporation 
  • First Resolution of Director
  • Memorandum and Articles of Association
  • Share Certificate
  • Courier services
  • Corporate seal                     

       Price - US$ 900.00 includes:

  • Payment of government duties for registration of offshore company
  • Services of the registered office & registered agent in Belize for first year
  • Services of registered office for first year.
  • Courier

Standard order with Nominee Services:

The documents/services which are provided to the client are:

  • Certificate of Incorporation
  • Memorandum and Articles;
  • First resolution of the Directors
  • Appointment of First Directors;
  • Share Certificate;
  • Deed of Trast
  • Register of the Directors and Shareholders;
  • Letter of the acceptance of the Director;
  • Power of Attornay;
  • Apostille Bound Set in the country of registration;
  • Agreement for the provision of nominee services
  • One round rubber company stamp

Price - US$ 1500.00 includes:

  • Payment of government duties for registration of offshore company;
  • Services of the registered office & registered agent in Belize for first year;
  • Services of registered office for first year;
  • Nominee services for first year;
  • Courier.


Ready-made (shelf) companies

We have specially registered some companies for your convenience if you require the company immediately or if you require company with older incorporation date. You can sign the bank account opening forms as soon as you have purchased the shelf company which let's you to receive the account number and IBAN number straight away.
All these companies have not traded or entered into any dealings or obligations whatsoever. Since their incorporation, their documents have been kept motionless on the shelf in our office.
Please note that due to the fact that these are "shelf" companies they are without Apostille and most probably, you will need it so it will take 1-2 business days to arrange for it. And if you are a new customer it will take some time to fill out all the necessary forms due to our companies "know your customer" policy.
The Price for the shelf company varies depending on the incorporation date of the company.

For more detailed information about company formation in the Bahamas or "shelf" companies please contact us and our experts will be glad to help you in any question you may have. Our telephone number is + 357 22 680602 and e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it..