|
|
| ||||||||
| ||||||||
Only US$199 |
| 
| Secrecy? 
|
|
Why Belize?
In 1990, Belize entered the offshore scene with the enactment of new legislation creating the International Business Company (IBC), a refinement of the BVI model. Other offshore legislation soon followed, and today Belize is one of the world's leading offshore financial centers. A Belize IBC is an offshore company which conducts its trading and business outside of Belize. Belize's legislation allows an IBC to carry on the following activities within Belize.
General Information Belize (formerly British Honduras) is a scenically beautiful, independent country located on the Caribbean seaboard of Central America. It has an area of approximately 23,026 sq. km, and is bounded by Mexico to the north and Guatemala to the west and south. The administrative capital is Belmopan, but the major commercial center is Belize City, which is located on the eastern coast close to the major international airport. |
|
Belize’s International Business Companies Act of 1990 permits an IBC to be used for a variety of purposes including:
Offshore banking and insurance, which were unavailable for IBC’s under the 1990 Act, will become permissible under 1995 amendments when the proposed Offshore Banking Act and a Captive Insurance Act are passed.
IBC Restrictions
Belizean Taxes
Companies that do not qualify for International Business Company exemption status are subject to the normal company tax rate of 45%. The rate is reduced to 25% for business whose gross annual income is less than 25,000 Belize dollars ($12,500.) Dividends, interest from securities transactions related to the capital formation market and employee pension contributions are exempt from taxation. Dividends of Belize-registered companies are deductible from income tax and are included in the chargeable income of the shareholder or person receiving the dividend. Companies are not subjected to capital gains tax, turnover tax or headquarters taxation. The 25% tax on interest and foreigners is levied only on mortgage interest and debenture interest and is exempt when paid to foreigners if it is paid on capital used in specific development industries or projects or if the Minister of Trade and Industry is satisfied with the ratio of paid up capital to loan capital. The tax on interest is not payable if it is subject to tax in the country of residence of the payee. Royalties are taxed at normal rates while management fees are only taxable when the services are performed in Belize through a permanent establishment. Profits remitted abroad are not subject to any withholding tax. | 
Welcome To Paradise |
Incorporation Of An IBC
|
Formation
To form a Belizean international business company, one or more persons, who can be a partnership, trust or estate, submit to the Registrar of Companies a Memorandum and Articles of Association. Memorandum of Incorporation:
The name of the company must end in "Limited," "Corporation," "Incorporated," "Society Anonyme," "Sociedad Anonima" or their abbreviations. How long does it take to confirm a corporate name? | 
Tourist Dive off Trees on Belize Island |
The name of an IBC corporation can be approved immediately, if available, upon written request to the Registry. After the Memorandum and Articles are registered, the Registrar issues a Certificate of Incorporation. A computerized registration office can approve an application in one hour.
How long does it take to register a Corporation?
Entry in the Public registry is necessary in order to acquire legal personality or such entry is demanded voluntarily, it shall ensue at the domicile of the legal entity and the articles shall be deposited for safe keeping in the Register Office files.
What resolutions or amendments shall be filed in the Registry office?
A copy of all resolutions amending the Memorandum and/or Articles of Association shall be filed in the Registry, and the Registrar shall retain and file said copies. This includes details of the recordable facts or relationships and of the persons who compromise the bodies of the administration and, if necessary, the authority.
|
Capital And Members
What is the minimum authorized capital for an IBC?
What type of shares can be issued by an IBC?
|
|
It is further possible for an IBC to:
Is confidentiality of the Shareholders available in the Belize?
Information regarding shareholders is confidential. Identities are not recorded publicly, nor do Government or tax authorities have access to such information. The shareholder register need not be registered with the Registrar of the Belize.
Directors And Officers
What is the minimum number of Directors and Officers an IBC can have?
The Board of Directors can consist of one or more members including corporations. The executive body may consist of only one person, there is no minimum number of officers, unless otherwise indicated in the Memorandum or Articles of Association. A Company should appoint both a Secretary and a President. A single director should not occupy both offices. (There should be different persons appointed for the Board of Directors always, it can not be the same person.)
|
How are the Directors and Officers appointed?
One or more persons: can be natural persons or partnership, trust or estate. What information can be revealed about the Directors and Officers? None. The information regarding the directors and officers shall not be revealed, since this information is confidential and is not a matter of public knowledge. It doesn’t need to be filed in the Public Registry. However, it is required that the names and general information of Officers and Directors Book be kept in the Registered Office of the Company. |
Belize Yellow-Crowned Parrot |
Meetings
Is it necessary to hold annual meetings of Shareholders and/or Director?
It is not required to have an annual meeting of the Shareholders or Directors. However, upon written request of the shareholder who owns more than 50% of the shares of the company, the director can request a meeting of the Shareholders. Less than 50% shareholding may be sufficient to call a Shareholders’ Meeting, where the Memorandum and Articles of Association so specify.
Where can these meetings be held?
The Board can meet inside or outside of Belize and can be convene by telephone or other electronic means as long as all participants can hear each other. Shareholders’ meetings can also be held via telephone and other electronic means, while resolutions can be passed by telex, telegram, cable and other forms of written communication.
Can proxy (substitute) represent a member/shareholder?
A proxy can represent an individual shareholder in a meeting of the share-holders. This person is authorized to speak and vote on behalf of the member.
Can resolutions of the Directors and/or Shareholders be adopted by consent?
Subject to any limitations in the Memorandum or Articles of Association, a director can consent in writing, or by Telex, facsimile, cable or any other written electronic vehicle, to any resolution that could otherwise be adopted by the directors or a committee of the directors in a meeting, without the need for notice. The same applies for the Shareholders’ resolutions or resolutions of a committee of directors.
|
|
|
| Type of Company | IBC |
| Political Stability | Excellent |
| Common or Civil Law | Common |
| Disclosure of Beneficial Owner | No |
| Migration of Domicile Permitted | Yes |
| Tax on Offshore Profits | Nil |
| Language of Name | Latin or other alphabets |
| Minimum Number of Shareholders | One |
| Minimum Number of Directors | One |
| Bearer Shares Allowed | Yes |
| Corporate Directors Permitted | Yes |
| Company Secretary Required | No |
| Standard Authorized Share Capital | US$ 50k |
|
|
|
| Registered Office/Agent | Yes |
| Company Secretary | No |
| Local Directors | No |
| Local Meetings | No |
| Government Register of Directors | No |
| Government Register of Shareholders | No |
| Annual Return | No |
| Submit Accounts | No |
| Minimum Annual Tax/License Fee | US$ 100 |
| Annual Return Filing Fee | US$ 50 |
Mailing, Fax, Telephone And Office Facilities: As part of the domiciliary service fee we provide clients with a registered office address in the country of incorporation but clients may find it convenient to arrange for mail forwarding, fax and telephone facilities through our Switzerland, Cayman Islands, London or other British Capital Group's world-wide offices. This service may be especially useful where, for example, the company is opening bank accounts. Normally the bank would address statements and other correspondence to the company at the address of the client but this results in a loss of confidentiality in that the connection between the company name and the client will be automatically made.
To safeguard against this mail can be directed to our offices and we can re-mail those letters in a plain envelope addressed to the client or otherwise as the client directs. An additional advantage of using our re-mailing services is that the provision of a re-mailing address through one of our prestigiously located offices in the onshore jurisdictions may allow the offshore company to appear to be domiciled on-shore and thereby give that company an added degree if respectability.
|
For example, your offshore company could quote British Capital Group London office address on its letterhead and thereby appear to be domiciled in the UK. This procedure is particularly attractive if the Hong Kong address is used as a Hong Kong company is not required to quote its registered office address on its letterhead. Thus if an offshore company were to quote a Hong Kong address it would be indistinguishable from the letterhead, from a normal Hong Kong trading company.The charge for this service is only $275 per annum.
Trust Services: Using a trust to own the shares of an offshore company can result in very substantial tax and non-tax related advantages which will accrue both on death and during the lifetime of the trust settler. These advantages may include: Saving Of Inheritance Tax: On death, the Inheritance tax which would normally be assessed on the value of shares would generally be eradicated. Asset Protection: Assets placed into trust are generally beyond the reach of creditors who might arise as a result of financial difficulties, divorce proceedings, litigation, etc. Avoidance Of Probate: A trust provides a means whereby assets can be smoothly passed on to the next generation without the disruption, delays substantial costs, loss of confidentiality associated with the probate procedure which necessarily follows when assets are bequeathed by will. Continuity: Trusts provide a means whereby assets can continue to be administered in accordance with the wishes of the settlor after his death so the weak can be protected from others and the spend-thrift can be protected from himself. Lifetime Tax Savings: During lifetime, substantial income and capital gains tax advantages may result from setting up the trust. Using the service of one of our licensed trust companies, we are pleased to act as trustee for a suitably drafted discretionary trust and the cost of this service would be from US$500 for setting up the trust deed and from US$500 per annum for the provision of trustee services. |
Offshore; Your Road To Success 
|
|
Other Services:
British Capital Group provides a wide range of administrative and documentary services including, but not limited to legalization and notarizing of documents, credit cards, yacht and ship registration, invoicing, documentary trade services, trade finance applications, accounting, consulting and immigration services.
VIP Package: For one payment US$599 British Capital Group will provide the following:
| 
Belize; The One And Only 
|
|
Confused?
The average person is frequently confused by the complexity of international tax planning and discouraged by the substantial costs involved in an offshore company formation or registering of a bank or trust in a tax haven. The registration costs and ongoing yearly administration expenses frequently exceed what the average person could save in taxes. British Capital Group has a new program to answer those concerns. We provide the simple, secure, private and low cost answer for the person who is just starting out or the veteran who now understands that simplicity is the essence of genius. Our survey has shown that this solution answers all of the needs for 100% of the persons seeking to go offshore. |
 |
The program includes bearer shares so that complete anonymity is guaranteed, documentation and support services so that you can open a financial account under your complete control, where and when you wish, and flexibility so that you can change your financial affairs to reflect your future needs.
We trust that we have clarified the intriguing world of Belize Offshore Company Incorporation Programs. We will be happy to answer any questions you may have, relating to this opportunity and provide you with additional details regarding any of our devoted services.
Please click here to write us the full particulars of your situation and what you wish to accomplish. We will review your situation very carefully and offer to you a custom fitted solution. 95% of the time it will be simple to understand and 100% of the time it will be the least expensive alternative.
|
If you would like to obtain further details of the legislation
surrounding the formation of a Belize Offshore International Business Company or wish to discuss any matter in complete confidence, please
click here
to contact: Mr. Robert Haig British Capital Group Offshore Services |
|
| Thank you for your interest and feel free to contact British Capital Group Offshore Services if you believe the formation of an international business company in Belize may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL. |
|
British Capital Group is in a position to assist new and established clients in opening personal and corporate offshore bank or trust accounts, denominated in almost every currency, in over 125 of offshore jurisdictions world-wide, including:
New Zealand, Australia, Chile, The Dominican Republic, Ireland, Argentina, Belize, Brazil, Spain, Italy, Costa Rica, Venezuela, Uruguay, Prague, Bodrum, The Spanish-Moroccan Tax Havens, The Madeira Tax Haven of Portugal, The Jamaican Free Trade Zones, The Dominican Republic Free Trade Zones, Campione D'Italia, Andorra, Poland, The Eastern Turkish Border and Tbilisi, Mozambique, Guatemala, The Virgin Islands, The Philippine Islands, and Anguilla are just some of the countries and places featured.
 |
There is only one British Capital Group. Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor. |  |
|
 |
