Belize Overview
British Honduras was the former name of a British colony on the east coast of Central America, adjacent to the southeast of Mexico, now the independent nation of Belize. Settled by Europeans since the 17th century, it was a crown colony from 1871 to 1964, when it became self-governing. Belize became fully independent from the United Kingdom in 1981. Belize was the last continental possession of the United Kingdom in the Americas.
Belize began its first forays into offshore business with the introduction of the International Business Companies Act in 1990, allowing for zero taxation on IBCs. Its legislation was based upon British Virgin Island laws –the most flexible (and popular) model available.
With its low incorporation costs and flexible legislation, it is rapidly becoming a viable alternative to other more expensive jurisdictions.
Why choose Belize?
The government of Belize is fully committed to the ongoing development of Belize as a leading offshore jurisdiction. Through regular consultations with the private sector, the government ensures that its policies and legislation continue to meet the needs and interests of the international financial community in an environment which engenders trust and confidence.
The Belize International Business Company (IBC) is the most popular form of offshore corporate structure. An IBC is formed under the International Business Company Act 1990 and generally must conduct its trading and business outside Belize.
Belize offshore companies are used for a variety of tax planning and international investment purposes.
Accounting Requirement
There is no requirement to file accounts with the authorities but a company is required to keep financial records that reflect the financial position of the company.
Cost of incorporation & Management
Cost of Incorporation: $1,800
Annual Renewal Cost: $820
Contact us for a free consultation:
Your business is important to us and we appreciate your interest in our services. We are pleased to offer a free consultation without any obligation. Call us at +61 (0) 451 673 770 or use the contact form below to send us an email.
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