Advantages of a Belize IBC

• Confidential structure, no filing requirements with the authorities
• The Memorandum and Articles of Association are the only documents to be held on the public record
• The names of the shareholders and directors for offshore company in Belize are not a part of the public record
• Belize IBC is permitted to open offshore bank accounts (Read more: Open offshore bank account in Belize)
• No annual public disclosure of directors or shareholders is required
• No requirement for an Annual General Meeting to be held in Belize
• Exempt from the payment of local taxes
• Low cost incorporation
• A registered agent and a registered office are required
• Shares may be issued with or without par value and in any currency
• No statutory accounting or audit records need be kept or filed in Belize
• Annual Government fee is only US$ 550 when the authorised share capital is $50,000 or less.
• an IBC is exemption from tax in Belize
• The Belize IBC cannot derive any income from activities in Belize

A Belize IBC is not subject to exchange control regulations, however, all profit earning activities must be conducted outside Belize.

• No minimum capital requirement
• No requirement for audited accounts
• No need for annual returns
• No requirements for a local director or secretary
• No requirement for an Annual General Meeting