International Business Company (IBC)
Take Advantage of the International Business Companies Act of 1990
Individuals and companies all around the world who are seeking to reduce unnecessary and unwarranted disclosure of their affairs are turning to a Belize IBC. This simple, yet powerful tool, functions as a valid investment vehicle through which all capital and income resulting from the international business activities of the IBC can be held, accumulated and transferred without any tax consequences within Belize. The introduction in the early 1990's of Belize’s International Business Company legislation, together with a range of other offshore enabling laws, led to the growth of interest in Belize as a low-tax jurisdiction. There are now approximately 30,000 companies registered at the International Business Companies Registry of Belize.
An IBC is not required to file annual returns. The IBC’s corporate records may be kept anywhere in the world and there are no requirements for Annual General Meetings. Furthermore, the Board of Directors’ meetings may be held anywhere in the world and can be convened by telephone or other electronic means while resolutions can be passed through written forms of communication such as telexes, telegrams and cables. These are only some of the many beneficial advantages of conducting your business affairs through an IBC.
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Rules for a Belize IBC
A Belize IBC may engage in any activity that is not unlawful in Belize. However, it is prohibited from conducting business with residents of Belize; owning an interest in real property situated in Belize except for the leasing of office space; and is not allowed to carry on the business of providing registered agents/offices for other companies. A Belize IBC is not subject to income tax, social security tax, capital gain tax, withholding tax or stamp duty tax. There are no gift, death, estate, dividend, distribution, or inheritance taxes. There is a low minimum authorized capital and a business license is not required.
The officers, directors, and members of the IBC are not identified for public disclosure and the registration process is simple and can be accomplished with little effort. Most IBC’s are incorporated to own and operate any lawful business that may include ship ownership, trading of securities, offshore banking, intellectual property licensing, investment holding, employees’ retirement plans (IRA’s, etc), employment and leasing contracts and financial management. However, there is no need to specify the objectives for which the company is being incorporated.
Licensed Agents in Belize
Georgetown Trust, Ltd. is equipped to provide you with all the documentation and support services you may require to register a Belize IBC. We are licensed agents, in Belize, for the formation and management of international business companies. We also serve as the IBC’s nominee officers, registered agent and registered office and provide you with related financial services that may include mail handling for the IBC, bank account openings and accounting support.
When you are ready to proceed with an IBC, please download the application form below. Ensure that all forms are completed in full, signed where requested and are accompanied by the necessary supporting documents.
The first year fees from date of incorporation to 31st December include:
Government registration fee, incorporation of the company, provision of Memorandum and Articles of Association, Certificate of Incorporation, company seal and preparation of minutes of first meetings of Director(s) and subscriber.