Tax exempt offshore companies

Advantages of Belize Offshore Jurisdiction

• Strict privacy laws. Belizean corporate and business legislation provides for the highest level of client confidentiality. Belize does not disclose its banking or fiscal information under any information-exchange agreements to any foreign parties on reason of suspected tax evasion. The jurisdiction has not signed the U.S. Mutual Legal Assistance Treaty.
• Excellent communications. Belize can be easily accessed by sea and air from Central and North America.
• Belize offshore companies (IBC’s) may be used for financial management, investment holding, ship or property ownership, share ownership of other companies, leasing of assets, copyright and/or licensing, and for commercial trade activities.
• Belize IBC’s are totally exempt from all local taxes including stamp duty.
• Only one shareholder is required, and only one director who could be a corporation, and need not be resident of Belize. There is no public filing of the information about shareholders, corporate directors, officers and beneficial owners. There are no restrictions as to the location and time of meetings of shareholders and/or directors. Also, they may attend meetings by proxy.
• It is not required to file accounts or to have accounts audited. The requirement for public record of information is limited to certificate of incorporation, memorandum and articles of association, registered office and name and address of registered agent.
• Due to modern and computerized IBC Registry, the process of incorporation of Belize offshore companies is very simple and takes very little time. Besides, there is easy company administration and quite low annual fees.
• There are no requirements of a minimum paid up capital.
• Capital of the company may be expressed in any currency. Offshore activities are free from foreign exchange control.
• Easy procedure of transferring IBC’s to and from the jurisdiction of Belize.