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 agent. 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.

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.

Features of the Belize IBC's incorporation

• Competitive prices for incorporation and annual fees for a Belize IBC;
• The incorporation process for Belize Offshore companies will not take longer than 3 working days;
• A Belize offshore company is exempted from all taxes;
• IBC Belize Standard share capital is USD 50,000;
• Standard share capital in excess of USD 50,000, may be declared in exchange for a higher annual fee;
• The names of the shareholders and directors for offshore Belize are not a part of the public record;
• The bearer share is allowed for offshore Belize;
• Minimum of one director and shareholder required for Belize incorporation;
• To incorporate in Belize, the director(s) and the shareholder(s) can be a physical person or a company;
• The director and the shareholder in a Belize company can be the same person;
• There is no requirement to appoint a local or any secretary for Belize companies;
• The first director of the company is appointed at the organizational meeting of the Belize corporation;
• For Belize corporations, there is no requirement to file any accounts or to provide annual audit reports;
• The register of shares has to be kept and up to date;
• A registered agent and a registered office are required
• Annual fees are due to be paid by the 31st of July, starting from the second year of incorporation and each subsequent year thereafter.
• The Belize IBC cannot derive any income from activities in Belize;
• The words "Limited", "Corporation", "Incorporated", "Societe Anonyme", "Sociedad Auonima", or abbreviations thereof "Ltd.", "Corp.", "Inc.", "S.A.", "AG" has to be used as a corporate suffix of the company.