Incorporate Offshore Companies of Belize With the Help of ISOG Lawyer.
Belize is located at the northeastern end of Central America, south east of Mexico. There is an estimated population of 300,000. The official language is English and Spanish and its currency is the Belize dollar. The primary industries are Agriculture, tourism and offshore industry also benefits from a number of preferential market access arrangements. This country is currently a member of Commonwealth, The United Nations, The Organization of American States and The Association of Caribbean States. The government of Belize is operated on the principles of parliamentary democracy based on the Westminster System similar to England and contract and commercial law is based on the English law model.
Offshore companies can carry out the same types of business as onshore companies and the liability of its shareholders is generally limited to the amount of capital they have invested into the company.
The tax rate applied by the government in the jurisdiction in which an offshore company is incorporated is very low if not zero. In some jurisdictions, offshore companies offer a high level of confidentiality which onshore companies do not have.
Usually an offshore company cannot operate in the jurisdiction where it has been incorporated. An exception is Panama, where an anonymous company can at the same time operate offshore at a zero tax rate and onshore at the local tax rate.
The formation of an offshore company is quite simple, as well as its management and administration, but it requires some planning. In fact, a company does not need to be administered in the country of its incorporation.
What you need to think about is the objectives you want to achieve by setting up an offshore company: Do you need confidentiality?; Do you need to operate freely in European countries?; Do you need to operate in countries which have a double taxation agreement in place?; or Do you need to protect your company assets from confiscation or expropriation orders or similar actions by foreign governments?
Highlights of Offshore Companies of Belize:
- Exemption from all local taxation and stamp duty
- Language and Currency flexibility
- Confidentiality on directors and shareholders information
- Based on English Law
- Well developed professional infrastructure
- British dependent territory
- Neutral tax jurisdiction
- Regulated financial services industry
- Articles of Association can be adapted to the needs of the company
|Type of company||IBC|
|Companies Law||IBC Act 1990|
|Bearer Share Permitted||Yes (Restricted Mobility)|
|Minimum License Fee||USD 100|
|Disclosure of Ownership||No|
|Corporate Seal Required||Yes|