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.