A Belize IBC can carry on the following activities within Belize:
· make or maintain deposits with local banks in Belize;· make or maintain professional contact with persons in Belize;· prepare or maintain books and records within Belize;· hold meetings of its directors or members within Belize;· hold lease of property for use as an office in Belize;· own a vessel(s) registered in Belize in accordance with the Registration of Merchant Ships Act, 1989;· hold shares in another Belize IBC;· And under special license carry on banking business.
Competitive Advantages of having a Belize IBC
Taxation A Belize IBC is exempt from... · the payment of all forms of local taxation;· the payment of stamp duties for transactions in respect of its shares, debt obligations or other securities;· The payment of stamp duties with respect to all instruments relating in any way to its assets or activities.Exchange Control · A Belize IBC is not subject to exchange control regulations. Security and Confidentiality With a Belize IBC... · disclosure of the beneficial owner(s) is not required;· share register may be inspected only by a shareholder;· nominee shareholders and bearer shares are permitted;· Assets are protected from confiscation or expropriation orders or similar actions by foreign governments.Filing Requirements With a Belize IBC... · only the Memorandum and Articles are required for public records;· The registration and de-registration of Registers of Directors, Members, and Mortgages and Charges are optional.Cost Savings With a Belize IBC... · no minimum capital is required;· no audit of accounts is required;· no filing of annual returns is required;· only one shareholder and one director are required, who may be corporate;· no company secretary is required;· no annual general meeting is required;· meetings may be held outside of Belize and may be by telephone or other electronic means;· Shares may be issued with or without par value and in any currency.Incorporation With a Belize IBC... · Re-domiciliation into and out of Belize is permitted;· Registration in any foreign language is permitted.In addition, Belize's legislation facilitates speedy and simple incorporation, and its modern and computerized IBC Registry is capable of incorporating a company within one hour.
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