Why Belize

Advantages and Features of a Belize IBC (International Business Companies)

• Flexible and modern legislation
• Full exemption from taxes
• Fast and efficient incorporation
• Competitive fees
• Excellent telecommunications
• Bearer shares allowed
• Official language is English
• Quick, simple and cheap incorporation (within 24 hours)
• Not affected by EU savings directive
• No minimum capital requirement for a Belize IBC
• No requirement for audited accounts therefore no need for an auditor
• No need to file annual returns
• No requirements for a local director or secretary
• No requirements for an Annual General Meeting; directors can hold meetings anywhere in the world by teleconference.
• No exchange control
• Experienced professional support
• Convenient time zone

International Agreements

OECD Harmful Tax Practices

Belize was among 35 jurisdictions identified by the Organization for Economic Cooperation and Development (OECD) in June 2000 as meeting the technical criteria for being a tax haven. On 8 March 2002, the government of Belize signed a commitment to improve the transparency of its tax and regulatory systems and establish effective exchange of information for tax matters with OECD countries by 31 December 2005.

Mutual Legal Assistance Treaties (MLATs)

Belize has signed an MLAT, which provides for mutual legal assistance in criminal matters, with the United States.

Treaties

Belize is not a party to any double tax agreements.