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Terms & Condition : Belize Offshore Incorporation Services

Belize Offshore Centre ServicesBelize Offshore Centre (formerly British Honduras) is an independent democratic Commonwealth country located on the Caribbean seaboard of Central America. Since independence from Britain in 1981, it has enjoyed a stable and democratic Government. The cabinet, under the leadership of the Prime Minister directs the policy of the Government which consists of the Prime Minister and ministers chosen by him from an elected House of Representatives and an appointed Senate.

Although there are fairly high rates of tax for resident persons and companies in Belize Offshore Centre.

Belize Offshore Incorporation Services: Belize Offshore Services, Belize Offshore Services Company.

It now offers tax-free IBCs by virtue of the IBC Act 1990. This legislation is modelled on the earlier British Virgin Islands legislation and as the annual Government fees are only $100, whereas the equivalent fee payable in BVI is US$300. Belize Offshore Centre is likely to become an important offshore corporate domicile

The Belize IBC at Belize Offshore Centre

A Belize IBC has the following characteristics:

The Belize IBC
IBCs pay no taxes in Belize.

Shareholders
A minimum of one shareholder is required and either registered or bearer shares may be issued. No details of the shareholders appear on the public file but a register of shareholders must be kept at the registered office address of the company in Belize. It should be noted that with effect from 1st July 2001, bearer share certificates must be retained in safe-keeping by a licensed professional intermediary who holds due diligence paperwork on the ultimate owner.

Directors
A minimum of one director is required and corporate directors are permitted. Details of the directors do not appear on the public file.

Annual Reporting
No annual return or accounts need be filed. It should be noted that penalty fees of up to 50% of the annual licence fee will be incurred if the licence fee is not paid when due.

Time Scale
Incorporation can be achieved within 72 hours but it does take approximately 1 week for documents to arrive from Belize. We do, however, keep ready-made companies in stock available for immediate purchase.

Restriction on Name and Activity
Names must end with one of the following words, or abbreviations thereof - Limited, Corporation, Incorporated, Societe Anonyme or Sociedad Anonima. The following words, and their associated activities, cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal and Royal.

Local Requirements
As a matter of local company law the company MUST maintain a registered office address within Belize and must also appoint a Belize resident as Registered agents in Belize offshore.. Registered Agent in Belize, We would generally provide these services as part of the domiciliary service fee.

Secrecy
There are no specific statutory provisions governing secrecy in relation to companies but English Law, which applies within the jurisdiction, does impose a common law duty on professionals to keep the affairs of their clients confidential.

The offshore world is highly competitive with many jurisdictions seeking the attention of the international business and investment community. The Belize IBC legislation, in an attempt to meet this challenge has had to be creative and flexible with features which make the process uncomplicated and efficient.

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