Features of Belize IBC

Features of IBC's Incorporation

There are many features that set Belize apart from other locations for IBC creation and incorporation. Below are some of the major features:

• Competitive prices for incorporation and annual fees for a Belize IBC;
• The incorporation process for Belize Offshore companies will not take longer that 3 working days;
• A Belize offshore company is exempted from all taxes;
• IBC standard share capital is USD $50,000;
• Standard share capital in excess of USD $50,000, may be declared in exchange for a higher annual fee;
• The names of the shareholders and directors for offshore Belize are not a part of the public record;
• The bearer share is allowed for offshore Belize;
• Minimum of one director and shareholder required for Belize incorporation;
• To incorporate in Belize, the director(s) and the shareholder(s) can be physical person or a company;
• The director and the shareholder can be the same person;
• There is no requirement to appoint a local or any secretary for Belize companies;
• The first director of the company is appointed at the organizational meeting of the Belize corporation;
• For Belize corporations, there is no requirements to file any accounts or to provide annual audits reports;
• The register of shares has to be kept and up to date;
• A registered agent and a registered office are required;
• Annual fees are due to be paid by the 31st of July, starting from the second year of incorporation and each subsequent year thereafter;
• The Belize IBC cannot derive any income from activities in Belize;
• The word "Limited", "Corporation", "Incorporation", "Societe Anonyme", "Sociedad Auonima", or abbreviations thereof "Ltd.", "Corp.", "Inc.", "S.A.", "AG" has to be used as a corporate suffix of the company.