By using our website you consent to all cookies in accordance with our Privacy Policy.

belize international business company

Belize is deemed among the best tax havens and one of Latin America’s preferred jurisdictions for setting up an offshore company. The most common type of offshore corporation – Belize IBC and its key features will be presented in this article below to help you clarify why this form becomes widely chosen by foreign companies looking to offshore.

1. What is Belize IBC?

International Business Company (IBC) is a private company established in compliance with the laws of jurisdictions and used as a corporate vehicle for doing business overseas. It is important to note that IBCs under any tax haven would have its particular version of IBC legislation. And so does Belize IBC!

A Belize IBC is established under the Belize International Business Companies Act. Belize is widely renowned for its growing financial offshore system and among the most advanced and user-friendly IBC legislation expected by most entrepreneurs worldwide. Notably, Belize IBC does allow offshore investors to engage in a diversity of activities with regard to asset protection, opening bank accounts and many others international commercial transactions.

2. Benefits of Belize IBC

There are countless benefits for why you should incorporate a Belize IBC as followings:

  • One of the fastest IBC Registry in the world – Belize’s friendly set of rules and its computerized IBC Registry allows a fast and simple IBC incorporation.
  • Well-known as a peaceful, democratic and stable country where its judiciary system always put the high priority in hindering conflicts or civil disturbances, facilitating foreign people with a qualified environment for business growth.
  • Belize is deemed a premier offshore financial centre by virtue of its robust and diversified economy with offshore industry acting an important role and receiving strong support from the government and the general public.
  • Located in “a golden site” in which IBCs can get favorable conditions to access state-of-the-art telecommunications both by sea and by air.
  • A wide range of extensive features that IBCs are entitled to receive: tax exemption, owner’s confidentiality, minimum requirement of reporting and many other great merits for offshore corporations which will be discussed later.

3. Difference between LLC and IBC

A question arising is that what is the difference between Limited Liability Company (LLC) and International Business Company (IBC) in Belize?. Well, both of these are quite similar to each other, they however bear a key disparity in ownership and management regulations.

To put it in plain sight, an IBC in Belize can be owned by a board of directors and have shareholder ownership. By contrast, Belize LLC, much like a combination between a limited liability company and a partnership, does not include shareholders but members, and managers are in charge of the company control.

4. Key features of Belize international business company

To help you better get insights into Belize international Business company (IBC), we illustrate as below some key features of this type:

Fast setup: No more worries about forming your IBC since your Belize offshore company formation can be done in just a few hours. Belize has a highly effective and computerized Company Registry, making it one of the fastest IBC Registries in the world.

Legal personality: Belize International Business Company is a legal entity registered in Belize. It is deemed a separate legal person with the commercial rights and powers being the same as that of a natural person.

Tax benefits: This is considered as a highlighted feature of Belize IBC. Belize IBC is a zero-tax entity – to be exempt from paying any form of tax in Belize as long as it carries out business outside the territory.

Furthermore, an international business company established in Belize can gain cost advantages in the incorporation fee and annual fee. Particularly, companies are required to pay a fixed Belize IBC annual fee to the Belize Government, and this amount is significantly less than some other jurisdictions.

Those who register an IBC in Belize can also economize from a range of cost factors that can be arisen from the compliance requirements. This is the result of the fact that Belize IBCs offer:

  • No minimum paid-up capital required
  • No requirement for audited accounts
  • No requirement for appointment of Belize-resident director
  • No need to hold a regular Annual General Meeting. If needed, meetings may be held anywhere within or outside Belize as deemed necessary by directors and by telephone, teleconference or other electronic means.
  • Minimum requirements to books and records. Accounting records do not have to be kept in Belize.
  • No requirement for filing annual returns or public disclosure of directors, shareholders, charges, loans or agreements.

Flexible corporate structure: Being flexible in structuring a company enables the organization to be easily accommodated with different needs and changes, either one-man business operation or a complicated multiple-shareholder system. Fortunately, Belize IBCs do offer a high level of flexibility in its corporate structure. Below are some of typical features of this type:

  • At least one shareholder and one director are required (both of whom may be the same person). Directors or shareholders do not need to be Belize residents
  • Corporate directorship which means another company can be director of IBC is allowed
  • Belize IBC may issue registered shares or shares issued to bearer or both
  • The memorandum and articles can be amended by a resolution of shareholder or directors
  • A variety of choices regarding company designation are available such as the word “Limited”, “Corporation”, “Incorporated”, “Society Anonyme” or “Sociedad Anonima” or “Aktiengesellschaft” or the abbreviation “Ltd.”, “Corp.” “Inc.” or “S.A.” or “A.S.” or “A.G.”. Note that Belize IBCs may use and may be legally designated by either the full or the abbreviated form.

5. Requirements of Belize International Business Companies

In compliance with Belize International Business Companies (Amendment) Act 2018, an International Business Company is allowed to conduct any business unless prohibited under a law in Belize and is required to obtain permission from relevant authorities for carrying out licensed activities as some listed below:

  • Carrying on banking business;
  • Carrying on insurance or reinsurance business;
  • Carrying on the business of providing registered agents/offices for companies;
  • Carry on trust business;
  • Carry on collective investment schemes;
  • Carry on the business of managing or administering of funds

It is our hope that all the information about Belize International Business Companies can help you get the picture of Belize offshore company benefits and why Belize is a fantastic vehicle for doing businesses that you should take into consideration.

6. How can BBCIncorp Limited help you?

With a speedy and simple process, you can now easily have an IBC registered in Belize. And more conveniently, in case you are still confused about registration’s documents or procedure for setting up a Belize IBC, here BBCIncorp Limited will be your trusted service provider! BBCIncorp offers you an all-in-one package that will include everything for you – a foreigner to set up a new Belize International Business Company (IBC) from the beginning! Why BBCIncorp?

  • Competitive price – only US$639 for the basic package
  • Only 2 working days for setting up an IBC
  • No hidden fee

Please click here for full detailed package!

You may also feel interested in other Belize related blog articles, please visit:

> How to open a business bank account in Belize 

> 7 minutes to understand Belize Limited Liability Company (LLC)


Recent Posts

offshore-company-for-indian-citizens
30 Sep 2020

Offshore company for Indian citizens: What things to consider

If the place of effective management of your offshore company is in India, then your company shall be taxed in India. Check out this article to know what an Indian should consider before moving offshore!

Read more
a-glance-at-rak-international-company
29 Sep 2020

A Glance at RAK International Company

Ever wondered about the popular RAK IC (RAK International Company) and its ideal business structure for an offshore company? Find out with BBCIncorp now!

Read more
vietnam-accounting-standards
30 Sep 2020

Vietnam Accounting Standards

Keynotes and in-depth details on Vietnam accounting standards that all foreign investors should know of. Keep yourself posted with the latest VAS before investing!

Read more
hong-kong-business-trends-new-updates-infographic
30 Sep 2020

Hong Kong Business Trends After Mid-2020: New Updates [Infographic]

Check it out! Below infographic helps you to capture Hong Kong situations and update top five business trends to be worth expected in a post Covid-19 outbreak

Read more
reasons-why-hong-kong-banks-may-reject-your-application
16 Sep 2020

3 Reasons why Hong Kong banks may reject your application

Nationality, business activities or supporting documents can be reasons why Hong Kong banks may reject your application for opening a bank account. Learn more with Lyli, Relationship Manager from BBCIncorp!

Read more
vietnam-tax-credit-and-incentives
14 Sep 2020

Get to know Vietnam tax credit and incentives

Get hold of tax incentives in Vietnam and what you’re up to if you decide to invest in it. No exaggeration to say Vietnam is an investment paradise for foreigners.

Read more
understanding-vietnam-tax-system
14 Sep 2020

Understanding Vietnam Tax System

A brief overview of the Vietnam Tax System that all foreigners should take into consideration. These taxes can heavily affect the way you do business in Vietnam.

Read more
hints-to-bvi-boss-act
8 Sep 2020

Hints To BVI Beneficial Ownership Legislation (BOSS Act)

BVI Beneficial Ownership Secure Search System Act (BOSS Act) underpins reporting regime regarding the beneficial owner of corporate and legal entities with legal personality in the BVI.

Read more
top-5-best-banks-in-hong-kong
28 Sep 2020

Top 5 best banks in Hong Kong that you must know in 2020

Which is the best bank in Hong Kong for expats? Let BBCIncorp help you find out the answer with top 5 banks: DBS, HSBC, Bank of China, Standard Chartered and Citibank.

Read more
a-guide-to-bvi-economic-substance-requirements
30 Sep 2020

2020 Update: A Guide to BVI Economic Substance Requirements

The British Virgin Island (BVI) adopted Economic Substance Act 2018, which came into force from 1 January 2019. Let’s explore all about BVI economic substance requirements with BBCIncorp!

Read more
a-general-guide-to-winding-up-of-hong-kong-companies
28 Aug 2020

A General Guide to Winding Up of Hong Kong Companies

A Hong Kong company may be wound up by either voluntary or compulsory winding up by the court. Below guide clarifies the procedure for winding up a company through these two types!

Read more
hong-kong-company-annual-compliance-requirements
7 Sep 2020

Hong Kong Company Annual Compliance Requirements

Learn more about annual compliance and filing requirement of a Hong Kong private limited company.

Read more