What is a Belize IBC?
A Belize IBC is an International Business Company (offshore company) formed within the jurisdiction of Belize that is free from all taxes and exchange controls. These companies are normally set up to assist individuals in leasing and owning property, estate planning, and tax optimizations.
Belize IBC’s or Belize offshore companies can be incorporated quickly, sometimes in less than an hour, and the shares held may be denominated in any currency. Although Belize has been establishing offshore companies for a long time, the country is still a developing market with merely 35,000 IBC’s. Because of this, forming a Belize IBC gives individuals a vast availability of unique company names to choose from.
What institutions in Belize can assist with Belize IBC formations?
If you’re interested in forming a Belize offshore company, there are highly esteemed businesses that provide international services within Belize.
International Corporate Services (ICS) provides formation services for Belize IBCs, Belize Trusts and Belize Ship Registration. ICS is not only versed in Belize offshore services, but they incorporate Anguilla IBC’s as well as IBC’s in the British Virgin Islands, Costa Rica, Cyprus, Dominica, Hong Kong, Nevis, Panama, Seychelles, and the United Kingdom.
Belize Corporate Services (BCS) assists in the formation of not only Belize IBC’s, but also, Belize Trusts and Belize Foundations. BCS also provides excellent virtual office services, other ancillary corporate services and offshore banking through its partner—Belize Bank International.
What are the benefits of Belize IBC’s?
Offshore companies are becoming increasingly popular for individuals with high net worth. This is because it provides them with a sound investment to secure their assets and reduces the risks of their assets becoming regulated by only one jurisdiction. Here are a few other benefits of Belize IBC’s.
Belize IBC’s are flexible
There is only one director and shareholder necessary when forming a Belize IBC. The director doesn’t need to be living in Belize. The meetings of IBC shareholders and directors may be held in any country and at any time. Shares for the Belize IBC can be issued without a par value. The IBC may be incorporated in any language once an English-translated copy is also provided. Belize IBC’s also have the flexibility to migrate into and out of Belize. However, once the IBC migrates back into Belize the previous governing laws will no longer be operable.
Belize IBC’s are confidential
Belize laws provide provisions to protect the freedom of directors and shareholders while keeping all commercial transactions private. The only document presented for public filing at the Belize International Business Registry is the Memorandum of Articles of Incorporation. Based on Belize’s Anti-Money Laundering Act, there is no need to publicly disclose any annual filing of accounts.
Belize IBC’s are cost effective
Belize IBC’s were designed to cost saving. The registration fee is very competitive with other offshore jurisdictions. Belize offshore companies carry no minimum capital requirements, no annual returns, and there is no requirement for an annual general meeting. The maintenance costs are kept at a minimum.
What are the procedures to incorporating a Belize IBC?
Are you interested in forming a Belize IBC? Here’s a guide of everything you’ll need.
- Choose an international corporate services agent
- Complete the IBC application form
- Get a notarized copy of your passport
- You’ll need two bank reference letters from institutions that you have at least a 2-year relationship with
- Also, you’ll need a professional reference letter from an attorney or accountant that you have had at least a 2-year relationship with
- Provide a copy of a utility bill as proof of residence.
