Ideal Jurisdiction for the Formation of IBCs
The Belize International Business Company (IBC) is the most popular type of offshore corporation commonly formed for asset protection, offshore banking and operation of international business activities. It is a proven corporate vehicle suitable for a wide range of international trading, investment and commercial activities and its modern and up to date legislation provides substantial benefits for the establishment of a corporation that does not operate within Belize.
A Belize IBC allows you to protect your asset by registering them under the company’s name, conduct your business without using your name, avoid paying local taxes, flexible corporate structure, maintaining your privacy – details of shareholders and directors are not registered at the IBC Registry. The only documents of a Belize IBC held on public record are the Memorandum and the Articles of Association. These documents do not contain any indication as to the actual beneficial owners, directors or controllers of the company. Assets being held under certain structures such as IBCs offer an extra layer of protection from judgments, divorce settlements or lawsuits and are fairly easy and may be formed within 24 hours. We also offer optional nominee director services for maximum anonymity.
Below are some of the requirements for incorporation:
- Must have a licensed registered agent and office in Belize
- IBC must have one director and one shareholder
- Company is required to follow Belize legislation
- Must pay annual government fee
- Provide proper due diligence on all director/shareholder/beneficial owner
- Minimal Capital requirement
- No requirements for local director/secretary
Some attributes of Belize IBC:
- No foreign exchange restrictions
- Exemption from taxes in Belize regardless of where income is earned
- Stable political system
- No requirements for an annual general meeting
- IBC can hold and maintain accounts with Banks in and outside of Belize
- IBC can hold shares in other offshore company
- Common law legal system based on English law
- Simple and efficient incorporation
- Registration in foreign language
- Continuation to the Belize jurisdiction
As a Licensed Registered Agent, we can assist in the formation and registration of your IBC and we guarantee efficient service and confidentiality.
For further information, please feel free to contact Anju Gidwani, Director of the Belize Office (anju@zetland.biz) or +501 223 1037
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