|
Belize IBC: Belize Company Formation Advantages |
|
|
Forming an International Business Company or IBC in Belize has its own pros and cons. When considering putting up one, here are some things that you need to think about.
There are actually very minimal requirements and flexible features in IBC institution in Belize. Belize legislation sets for an IBC a government fee that is only $100 with no minimum paid-up capital requirements. There is also no need for statutory accounting or audit records that need to be kept or filed in Belize. Moreover, an individual can easily set up his own IBC in Belize for an investor is required to have only a minimum of one subscriber or shareholder and only one director. For privacy's sake, the names of the beneficial owners are not filed in public records. Lastly, shares are registered and can be issued with or without any equivalence value.
Of course an IBC in Belize is not all about the investor and all that is advantageous to him. Although there may be only a few, there are restrictions that need to be satisfied for better service terms. Belize does not allow an IBC ownership of real estate inside Belize as well as carrying business with residents of Belize. Belize also does not allow an IBC provision of a registered office for other companies and carry business as a bank or insurance company, agent or broker or operators of a mutual fund. Thus, all IBC's must maintain a Registered Agent and a Registered Office in Belize.
An IBC that has been set up in Belize has to be easily recognizable, however. Thus, there are a variety of name extensions from which to choose one that will be affixed to the chosen company name. Some of these IBC name extensions include but are not limited to Limited (Ltd.), Corporation (Corp.), and Incorporated (Inc.).
On the other hand, the IBC definitely may not include any of the extensions that pertain to financial and banking institutions (such as Insurance, Assurance, Bank, etc.), established entities (like Chamber of Commerce, Municipal, etc.), and those that imply an association with the Royal Family or the government, among others.
|
|
Secure Order
Sales
