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Belize is modern and attractive offshore jurisdiction with high level of political stability, modern telecommunications and business friendly legislation. All this makes it an ideal business and financial center for international companies and high net worth individuals that can benefit from stable legal environment in conducting efficient and confidential offshore business. Every offshore tax haven has its version of IBC legislation. Belize IBC is a perfect offshore vehicle for international financial business. Offshore corporations may be registered in a jurisdiction, with which they have no or minimal business contacts, in order to minimize taxes and liabilities. The best tax minimisation result may be achieved when one or more offshore corporations and trusts are used in conjunction with, or as part, of an international tax plan. The Belize IBC enjoys total exemption from all forms of taxation in Belize and it can freely open and maintain the offshore account. 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. 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. 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. One of the disadvantages of setting up an offshore company is that generally they can not carry on any business or have an office with staff employed within the jurisdiction of incorporation. There are certain restrictions on the types of business, mostly in the banking and insurance industries, that have the right to operate as an offshore company.
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