The International Business Company (IBC) in Belize is a flexible legal structure that can be used for trading, asset protection and a number of other purposes.
We present some of the uses of a Belize IBC as well as the conditions for doing business. Investors interested in knowing more about the advantages that exist when they open a company in Belize can reach out and talk to one of our registration specialists.
Common purposes of a Belize IBC
The International Business Company was designed as a legal structure that can be used for offshore investment purposes and with a focus on international business operations. It is a simple legal entity, with minimum incorporation and management requirements. The most common uses for a Belize IBC include the following:
- Trading: it can successfully be used for international trade and it is common for both exporters and importers to use it.
- Offshore investment: the Belize IBC can be used to acquire and manage funds and also for the purpose of reinvesting the returns; important tax benefits can apply and investors enjoy a high degree of confidentiality.
- Holding company: the IBC holding company can own shares in subsidiaries based in other countries around the world.
- Intellectual property ownership: an IBC can be used to purchase or gain usage rights for patents, trademarks, and know-how, and also have the option to exploit the said intellectual property in other countries (subject to certain conditions).
Regardless of the purpose for which they choose to use it, investors who open an offshore company in Belize will need to appoint a registered agent and have a registered office.
Restrictions for a Belize IBC
Although the Belize IBC is a flexible and multi-purpose legal entity, there are a number of conditions in place for offshore companies activating in this jurisdiction. It is important for investors to note that an IBC cannot engage in direct businesses with residents from Belize and it cannot be used for owning real estate in the state.
One of our Belize offshore company formation agents can give you complete details about the activities in which an IBC can engage and the existing limitations or restrictions.
Contact us for more information on how to open an offshore company in Belize and the general conditions for doing business.