Belize

GENERAL
	Type of entity		IBC
	Type of law		Common Law
	Shelf company available		Yes
	Our time to establish a new company		2 day
	Taxation		Nil
	Double taxation agreement		None
	Forex restrictions		None for offshore activities.
	Language & name restrictions on companies		Anything that suggests royal, imperial or government patronage or already taken is banned; names can be in any language and Chinese incorporations with Chinese documentation are popular
SHARE CAPITAL
	Permitted currencies		Any, but US$ normal
	Minimum paid up		US$1
	Usual authorised		US$50,000
DIRECTORS OR MANAGERS
	Minimum number of Directors		1
	Local requirement		No
	Company secretary & qualifications		No
SHAREHOLDERS (MEMBERS)
	Minimum number		1
	Disclosure requirements		No
	Publicly accessible records of shareholders		No
	Obligations for annual meetings		No
	Location of AGM		Anywhere
ACCOUNTS
	Requirement to prepare		Yes
	Audit requirements		No
	Account filing obligations		No
	Publicly accessible accounts		No
OTHER
	Requirements to file annual return		No
	Change in domicile permitted		Yes
	Need to registered office		Yes, must be in Belize at the address of a licensed management company
	Number of companies set up in last year		6,230 in six months to June 2005
	Total number of companies on register		47,000

The above information is for guidance only and therefore the material contained herein should not be regarded, viewed or considered as an advice. You should contact your tax or professional adviser/s for appropriate detailed professional advice. We accept no liability for the accuracy of the information contained herein, nor any loss arising from reliance on it.

If you require an Offshore Company or need an advice for your needs, please call our Expert Team who can assist you with your requirements. You are invited to call us at (230) 245 6703. You may send your enquiries by email: contact@premier.mu or by fax at (230) 245 6704.