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Frequently Asked Questions

Corporate taxation in Belize

What is the current tax rate imposed on a Belize IBC?

Starting at Jan 2019, a Belize IBC which carries on business in Belize will be charged at a rate of 3% for chargeable income below 3mil Belizean dollar (BZD) and 1.25% for chargeable income above 3mil. IBCs which derive its income from outside of Belize will be exempt from corporate taxation.

Business activities of a Belize IBC

What types of business are IBCs not allowed to carry on?

As of Jan 2019, a new regime has come into effect that allows all IBCs to conduct businesses previously not permitted including:

  • Doing business with Belize residents;
  • Holding interests or own real property located in Belize
  • Owning shares in Belize local companies

Any IBCs licensed under IFSC must establish a physical presence in Belize and submit tax return annually.

Is there any exchange control imposed on Belize IBCs?

As long as an IBC carries on its business outside the jurisdiction, it would be deemed as not to be resident in Belize, and thus will not be subject to Exchange Control Regulations.

Company directors/shareholders

What is the minimum directors/shareholders for setting up a Belize IBC?

At least one director/shareholder is required.

Are local or qualified directors/shareholders required?

The company directors/shareholders can be individuals or body corporates. And there are no specific requirements on nationality or qualification.

Does information in relation to company members has to be registered and made open to the public in Belize?

An IBC may elect to submit to the Registrar for registration its registers of directors/shareholders. Consequently, the information is not released to the public However, the registers must be kept at the registered office and made available as per request by the competent authority.

Share capital

What types of shares can an IBC can issue?

Except bearer shares, all IBCs are permitted to issue most types of shares i.e. voting & non-voting shares, common shares, preferred shares, redeemable shares…

Is there minimum registered and paid-up capital applied on a Belize IBC?

There is no minimum registered or paid-up capital for a Belize IBC. The usual authorized is US$50,000. In addition, all issued shares have to be paid up in full.

Annual maintenance

What are annual requirements to maintain a Belize IBC?

Annual compliant obligations for non-resident companies in Belize are simple, the conditions include:

  • Maintaining one director/shareholder;
  • Maintaining a local registered agent and address in Belize;
  • Paying annual government renewal fee.

The company is not required to file an annual account or tax return.