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International Business Company

There are substantial benefits for the establishment of a Belize International Business Company. Belize IBC's are exempt from income tax, from taxes on all dividends, from taxes on all interests, rent, royalties, compensations and other amounts, on capital gains on shares, debt obligations or other securities. The bank account may be established for an IBC with reliable bank in Belize. Meetings of directors and shareholders may be held in any country and may be attended only by proxy. There are no currency restrictions in Belize, an IBC can conduct its business in any foreign currency.

The Belize IBC is a comparatively cost-effective offshore vehicle: first year incorporation and management fees may be as little as US$1200, further costs – just US$600. Belize's legislation provides for quick and simple incorporation.

An International Business Company (IBC) is formed under the International Business Company Act 1990, by filing Articles and Memorandum of Association along with the required fees. The time of incorporation is usually not more than one day.

Belize company formation is made by fully automated registration system introduced by the Company Registry of Belize.

As in most offshore jurisdictions, Belize IBC are liable to certain restrictions, for example, the IBC Act prohibits an IBC from:

Otherwise, a Belize IBC may engage in any activity that is not unlawful in Belize.