Belize has a diversified and well-represented international financial services industry. The country managed to grow this particular business sector after the launch of the International Business Company – the preferred business form for those foreign investors who wish to open a company in Belize.
The laws on company formation and, most importantly, on the taxation of companies in Belize, favor the development of the financial services industry. Below are some of the most important characteristics of this business sector in terms of business entities that can be incorporated as well as the types of activities, including licensed ones.
Legal structures used for international finance activities in Belize
Investors have a number of options when choosing the type of legal entity they will use in Belize for international financial services purposes. The following list details four of these entities:
- • The International Business Company: the IBC is the most commonly used international financial investment vehicle and is not subject to tax in Belize.
- • The International LLC: the international limited liability company retains most of the characteristics of the LLC in other jurisdictions, offering a convenient degree of investor protection from liability.
- • The Trust: this business form can be used by foreign investors as a form of offshore trust, where the settlor and the beneficiaries are not Belize residents.
- • The International Foundation: this is a business form with a legal personality that can be successfully used for asset protection, business purposes or charitable activities.
One of our agents who specialize in Belize offshore company formation can give you additional information about these types of legal entities.
Additional information about the Belize financial services industry
The Belize International Financial Services Commission is the authority in charge with financial regulation in Belize, including but not limited to the promotion of Belize as an international financial services hub, supervising and regulating this particular business sector as well as coming up with the adequate policies for supervision and regulation. Some of the laws governing financial services activities include the International Financial Services Commission Act or the International Insurance Act.
Our Belize company registration agents can give you more information about the International Business Companies Act and the regulations set forth by the Belize International Financial Services Commission.
Please do not hesitate to contact our agents for any issues related to company formation or if you need complete guidance in order to open an offshore company in Belize.