A prominent feature of a jurisdiction actively involved in ensuring its increasing presence in the IFS industry internationally is its commitment to enhancing its laws and introducing legislation that widens the range of services offered by the jurisdiction. With the passing of the International Limited Liability Companies Act, 2011 and more recent amendments to other laws regulating and affecting the IFS industry, Belize is such a jurisdiction.
The International LLC Act was enthusiastically welcomed both within Belize and internationally as it adds to the flexibility of the jurisdiction. A hybrid between a limited liability company and a partnership, the LLC offers its own attractive features for international use while still incorporating the same asset protection provisions available with the IBC. Furthermore, the LLC combines the best of both worlds by offering the advantage of both a corporation and a partnership without the disadvantages of either.
Features of the Belize International Limited Liability Company
|Legal System||Common Law|
|Type of Company||LLC|
|Shelf Companies Available||Yes|
|Non-English Company Name allowed||Yes|
|Time to Incorporate||2-5 Days|
|Change in Domicile Permitted||Yes|
|Taxation on Profits||No|
|Location of Meetings||Anywhere|
|Corporate Managers Permitted||Yes|
|Minimum Government Fee||US$150|