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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. For Belize offshore business companies, there is no minimum capital requirement. Minimum one shareholder and one director is needed. Shareholders, directors and officers need not be residents in Belize. Low record requirements provide for the highest level of confidentiality. The main advantages of Belize offshore jurisdiction are the fastest offshore company registry which provides for time-saving incorporation of new company, reduced taxation only with few conditions, and no reporting requirements. Belize offshore business companies are ideal vehicle for a variety of business operations. Belize offshore corporation is often used for international trading, investment holding, owning real estate, all kinds of investments, e-commerce, holding intellectual property rights. An offshore company is not allowed to conduct business with residents of Belize. Belize IBC is a completely tax-free corporation if it complies with a few simple rules, the main of which is not having operations within Belize. Belize offshore company is not subject to any kind of taxation on income or profits. There are no stamp duties or transferring shares for Belize incorporated companies. Every offshore tax haven has its version of IBC legislation. Belize IBC is a perfect offshore vehicle for international financial business. IBC is the most popular offshore company type, used worldwide for asset protection, wealth management and tax planning purposes. Belize IBC is classic example of offshore company in the Central America. A tax haven is an offshore jurisdiction where certain taxes are levied at very low rate or even at zero level. Belize is one of the most popular offshore tax havens.
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