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.

 
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