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BELIZE AT A GLANCE
| Location: |
Central America with its east coast on the Caribbean Sea |
| Capital: |
Belmopan |
| Commerce Centre: |
Belize City |
| Nationality: |
Belizean |
| Official Language: |
English (Spanish, Creole and Garifuna are also spoken) |
| Population: |
297,000 |
| Head Of State: |
Queen Elizabeth II |
| Head Of Government: |
Prime Minister Said Musa |
| Ruling Party: |
Peoples United Party (PUP) |
| Next Election: |
2008 |
| Currency: |
Belize dollar (BZD) |
| Exchange rate: |
(Fixed Rate) BZD $1.00 = USD$0.50 or USD $1.00 = BZD $2.00
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| Time Zone: |
EST: -1hr GMT: -6hrs. |
| Political Status: |
Independent Democracy and member of the British Commonwealth of Nations. |
The offshore world is highly competitive with many jurisdictions seeking the attention of the international business and investment community. The Belize IBC legislation, in an attempt to meet this challenge has had to be creative and flexible with features which make the process uncomplicated and efficient.
Features of the Belize IBC's incorporation
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Competitive prices for incorporation and annual fees for a Belize IBC; |
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The incorporation process for Belize Offshore companies will not take longer than 3 working days; |
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A Belize offshore company is exempted from all taxes; |
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IBC Belize Standard share capital is USD 50,000; |
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Standard share capital in excess of USD 50,000, may be declared in exchange for a higher annual fee; |
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The names of the shareholders and directors for offshore Belize are not a part of the public record; |
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The bearer share is allowed for offshore Belize; |
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Minimum of one director and shareholder required for Belize incorporation; |
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To incorporate in Belize, the director(s) and the shareholder(s) can be a physical person or a company; |
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The director and the shareholder in a Belize company can be the same person; |
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There is no requirement to appoint a local or any secretary for Belize companies; |
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The first director of the company is appointed at the organizational meeting of the Belize corporation; |
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For Belize corporations, there is no requirement to file any accounts or to provide annual audit reports; |
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The register of shares has to be kept and up to date; |
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A registered agent and a registered office are required; |
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Annual fees are due to be paid by the 31st of July, starting from the second year of incorporation and each subsequent year thereafter. |
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The Belize IBC cannot derive any income from activities in Belize; |
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The words "Limited", "Corporation", "Incorporated", "Societe Anonyme", "Sociedad Auonima", or abbreviations thereof "Ltd.", "Corp.", "Inc.", "S.A.", "AG" has to be used as a corporate suffix of the company. |
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All inclusive -