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Belize IBC: General Features

Type of Company: International Business Company (IBC)

Taxation: An IBC does not pay any tax on its world-wide profits to Belize authorities

Incorporation time: One day

Incorporation procedure: Registered Agent delivers the Memorandum of Association and Articles of Association to the Registry, together with the appropriate fee

Powers of company: A Company incorporated in Belize has the same powers as a natural person

Classes of Shares available: Registered shares, bearer shares, shares of par and no par value, preference shares, redeemable shares, shares with or without voting rights.

Bearer Shares: Available, but the companies incorporated with bearer shares, are required to keep share certificates in Belize at the registered office

Share Capital: Normal authorised share capital is US$ 50,000 divided into shares with or without par value. Share capital may be expressed in any currency. Minimum issued capital may be one share of no par value or one share of par value

Financial Statements: There is no requirement to file audited accounts with the authorities, however a company must keep financial records reflecting the financial position of a company

Registered office: Required, and must be maintained in Belize at the address of a licensed management company

Registered Agent: Required

Restrictions on trading: Companies cannot trade within Belize or own real estate there; also they cannot undertake the business of banking, insurance, assurance or reinsurance

Directors: The minimum number of directors is one. They may be natural persons or corporate entities. There are no requirements as to their nationality or residence

Shareholders: The minimum number of shareholders is one. They may be natural persons or corporate entities.

Local Meetings: There are no requirements as to the place of holding meetings of directors and shareholders

Government Register of Directors: No

Government Register of Shareholders: No

Company Secretary: There is no requirement for company secretary, but a secretary is normally appointed to facilitate signing obligations. There is no requirement for local secretary

Disclosure of beneficial ownership to authorities: No

Shelf companies: Available

Double Tax Treaties: Belize has double taxation agreements with UK, Sweden, Denmark, CARICOM countries