Offshore company in Belize

Tax exempt offshore companies

Tax Exempt Offshore Companies

Belize offshore companies, also named Belize IBCs, are exempt from taxation in the jurisdiction. They are specially designed to engage into any international business activity, and used mostly for tax planning and asset protection purposes.

Belize IBC is a perfect corporate vehicle for international financial transactions, having extensive features for the protection of confidentiality of its owners and not being subject to any excessive reporting requirements. Belize offshore company is formed under the Belize International Business Companies Act, which is one of the most modern and user-friendly offshore corporation legislations available in the offshore jurisdictions, providing for fast and simple incorporation.

Belize International Business Company is not subject to any tax or duty on income or profits. All income of the company incorporated under the Belize IBC Act, all dividends or other distributions paid by the company to persons who are not resident in Belize, all interest, rent, royalties, compensations, etc. are tax exempt.

Belize IBC is a completely tax exempt offshore company as long as it complies with some easy conditions, which are listed in the Belize IBC Act. In this case, the company pays just a fixed Government license fee, the amount of which depends on the amount and type of the authorised capital of the IBC. The main requirement for a Belize offshore corporation is not to have business within the territory of Belize, but it may enter into business with other Belize offshore companies.

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Offshore company application form.