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A. INFORMATION ON THE STRUCTURES
- Registration: The statutes must be signed by the incorporators. These must be local residents and authorised under licence.
- Type of Company: International Business Company (IBC)
- Legislative source: Common Law
- Authorised suffixes: Ltd, Limited, Incorporated, Inc, SA, Corp, Corporation
- Duration of incorporation: 2 days
B.
TAX
- Government taxes: 100 USD
- Company taxes: No
- Capital gains on yielded subsidiary securities: No
- Retained at source for dividends/interests royalties paid by the company: No
- Taxation of dividends received by the company: No
- Fiscal convention: IBC's do not benefit from fiscal conventions
C. LEGAL CHARACTERISTICS
- Number of directors: Minimum 1, no restriction with regard to nationality
- Company requiring director: Yes
- Director local resident: No
- Secretary required: No
- Company requiring secretary: Not applicable
- Secretary local resident: optional
- Minimum number of shareholders: 1
- Standard Issued capital: 50.000 USD
- Bearer shares possible: Yes
- Type of shares: anonymous
D.
MANDATORY LOCAL REPRESENTATION
- Local head office: Required by law
- Local agent/secretary: Required by law
E.
STATUTORY AND BENEFICIARY INFORMATION
- Public information: Head office, local agent, director
- Disclosure of economic beneficiaries: No
- Information on statutory modifications: No
F. ACCOUNTING - ANNUAL ACCOUNTS
G.
PROHIBITED
- Trading as a bank without a licence
- Trading as an insurer or re-insurer without a licence
- Trading directly with Belize
- Acting as a domiciliation for other companies
H. MANDATORY
- Have a head office on site
- Have a local representative at the same address as the head office
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