Offshore companies may be used for several purposes among which asset protection and deferral from taxes, including tax reduction.
The International Business Company is the type of legal entity chosen by foreign investors who want to open an offshore company in Belize.
The IBC has an easy setup process, low maintenance requirements and, in some cases, special permits and licenses are needed to perform business activities.
No. Belize is a jurisdiction that does not impose restrictions regarding nationality or special rules for company directors. You do not have to immigrate to Belize to open a company here.
Investors can also open a Belize offshore trust and a Belize offshore foundation. These investment vehicles have different characteristics from the IBC and investors can pick the one that best suits their business and offshore needs.
Yes. A tax haven or a financial haven like Belize lacks the burdensome taxation rules particularly found in other jurisdictions. Moreover, individuals who open a business here avoid taxation altogether.
Company taxation is not avoided per se because it is not levied. Belize does not impose a corporate income tax and these advantageous laws make it a tax haven.
The Belize International Business Companies Act is the main legal resource for Belize company formation as well as their management and control.
No. These types of companies do not have to keep strict accounting records or file tax returns.
Our Belize offshore company formation agents can help you with complete company registration services. What’s more, we also offer registered agent services.
Foreign entrepreneurs who wish to know more about how to open an offshore company in Belize can talk to one of our agents. Contact us for more details.