Keynotes for IBCs in relation to Belize Economic Substance Requirements and tax matters
The Economic Substance Act of Belize took effect on 11 October 2019. The issuance of this Act is to prevent entities from taking advantage of Belize corporate structures to earn profits but not representing the real economic situation in Belize.
Key highlights of the Belize Economic Substance Act (ESA) that you must know:
- The scope of the economic substance requirements
- Criteria for satisfying economic substance requirements
- How to meet economic substance requirements
- Tax implication on specific circumstances.
In case you are still uncertain about Belize and wish to find another option totally tax-free, we recommend another ideal company formation solution that matches your needs – that is Seychelles Company Formation.
For more information email us via email@example.com to consult our advisors!
Disclaimer: While BBCIncorp strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact BBCIncorp’s customer services for advice on your specific cases.
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