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Besides time- and cost-saving offshore incorporation, most offshore financial centres offer vast business support facilities, including well developed offshore banking sector, offshore infrastructure, modern business legislation providing for strict confidentiality, and highest telecommunication capabilities. The most important drawback of incorporating offshore is negative perception of the offshore concept, because of the media reporting bad cases only. Belize IBC is free from any tax in Belize with only a few simple requirements. Belize has well developed infrastructure, modern telecommunications and is easily accessible by air and sea. Incorporating in an offshore financial centre and moving money offshore is an effective tool to reduce the risk of litigation, tax law changes unfavorable to the business, and criminal activities in the home country. Also, most investors going offshore come to the decision that their funds should work for them in some kind of investment. The most important drawback of incorporating offshore is negative perception of the offshore concept, because of the media reporting bad cases only. Offshore company owner may achieve anonymity by carrying out transactions in the name of a company, while his name may be kept out of documents and public records. However, knowing that, current anti-money laundering regulations often require banks and other professionals to look through offshore structures. Besides tax, there are other benefits of offshore company formation, including anonymity, asset protection, possibilities of foreign property holding, limited liability in business transactions, unrestricted flow of capital and transfer of assets. Some offshore corporations however are limited in their activities due to restrictions that are placed on them by the jurisdictions. Trade benefits available to some companies may be closed to those incorporated in the finance centres due to their offshore location.
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