Information on Belize Offshore Companies
The requirements for incorporating Belize offshore companies are very similar to those involved in setting up a UK company. There must be at least one director and shareholder, there is no requirement to have a company secretary and a single shareholder and director can be the same person.
The laws governing offshore companies in Belize are extremely favourable and International Business Corporations (IBCs) are these are known, operate in an environment that is both flexible and private.
The absence of publicly available documents reinforces the doctrine of privacy towards the directors and shareholders of the offshore company.
Most ready made companies in Belize are incorporated with a share capital of $50,000 of which at least $1 must be a fully paid up share.
Tax Exempt Status
Belize offshore companies enjoy a tax free status as mandated by law provided that the International Business Corporation does no engage in any commercial activity with a citizen or company of that from Belize.
If this requirement is met the company is free to engage in any legal commercial activities it chooses with paying local taxes on income and capital gains. Where the offshore company wishes to provide financial or insurance services, it must first apply for specific permissions that must be granted before such activities can commence.
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