Belize
Learn more about Belize International Business Company.
Located on the Caribbean coast of Central America, Belize is an independent country. It has an area of approximately 23,026 square kilometers and is bordered on the north by Mexico and on the south and west by Guatemala. Due to its strategic geographic location, Belize provide ease of entry into the United States.
Economy & Infrastructure
Belize is home to over 330,000 people, ethnically diverse, mostly living in the major commercial center Belize City. Belize’s abundant eco-environment attracts tourists, nourishing its tourism industry. Also relying on exports of agriculture goods, Belize’s economy is taking a shift towards offshore finance as income generated by the industry is increasing.
The official language is English but Spanish is also widely spoken. The official currency is the Belize Dollar (BZ$). Belize has a well-developed financial services and communications catering to overseas clients. Professional services are widely available with several international banks.
Law & Government
In 1981, Belize became an independent Commonwealth, retaining Queen Elizabeth II as head of state represented by the Governor General. Belize is a parliamentary constitutional monarchy based on the British parliamentary system and legal system is based on the English Common Law. Political independence and government commitment to promoting offshore activity make Belize a stable choice for businesses.
Advantages of Incorporating in Belize are:
- Minimum one director and one shareholder.
- Director and shareholder may be a company or a natural person of any nationality.
- Company secretary is not mandatory.
- Chinese characters can be included on Certificate of Incorporation.
- Strict privacy law, keeping identity of director and shareholder confidential.
- No restrictions on Annual General Meetings.
- IBCs are exempted from all local taxes and stamp duty.
- Not required to file accounts or annual reports.