Belize

Belize, situated on the Caribbean coast of Central America, enjoys an advantageous location. It hosts a diverse economy driven by sectors such as agriculture, tourism, fisheries, and financial services. The nation's investor-friendly climate and double taxation treaties make it appealing to international investors. Belize's strong connections to North and Central America make it a strategic participant in regional commerce.

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Belize

In Belize , foreign investors have three main options for establishing a company

"Limited Company," "International Business Company," and "Offshore Partnership Company." Among these, the Limited Company is the most popular choice.

Company Name
The company name can be in any language, such as Chinese, Vietnamese, Malay, etc., but an English translation must be provided.
Registered Capital
Typically, the registered capital is USD 50,000, and exceeding this amount may result in higher government fees.
Company Directors
One or more directors are allowed, with no restrictions on whether they are legal entities or natural persons, and there are no nationality limitations.
Board Meetings
There are no restrictions on the meeting location, and proxy participation is permitted.
Company Secretary
It is mandatory to appoint a company secretary, who can be chosen by the shareholders or hired externally.
Company Taxation
There is no requirement to pay income tax, capital gains tax, stamp duty, or other taxes.
Company Information
Information about directors, shareholders, and the secretary does not need to be submitted, as this information is considered non-public.
Financial Reporting
There is no requirement to submit annual financial and audit reports.

When considering foreign investments it is crucial to have information about taxation as well

Below is a table of various tax items in Belize

Income Tax Local Income Tax in Belize Up to 25% maximum
Tax on Foreign Income Exempt
Capital Gains Tax None
Business Tax Sales and Service Operations(GST) 12.5%
Foreign investors can typically obtain GST exemptions or refunds based on specific regulations.
Estate and Gift Tax None

Belize , as a destination for setting up offshore companies, offers the following advantages

Streamlined Incorporation Process
The procedure for establishing a Belize company is straightforward, requiring minimal documentation submission to local authorities.
OBU Account Accessibility
Belize companies can easily open Offshore Banking Unit (OBU) accounts, with nearly all designated foreign exchange banks in Taiwan capable of handling such accounts.
Tax Benefits
Belize adopts a low-tax policy, with offshore companies typically exempt from income tax, capital gains tax, gift tax, and estate tax.
High Privacy Standards
Belize law protects the identity of company owners, and there is no requirement to publicly disclose shareholder and director information.
No Foreign Exchange Controls
Belize does not impose foreign exchange controls, facilitating easy fund transfers and transactions.
Tax Treaty Network
Belize has signed double taxation agreements with numerous countries, promoting international trade and investment.
Belize

The requirements and documents for registering a bank account when incorporating a company in the Belize Islands are as follows

Company Documents

Company registration certificate、Articles of Association (AOA)、Memorandum of Association (MOA)、Shareholder register.

Valid Identification

Valid passports or national identification cards for directors and shareholders.

Address Proof

Proof of residential address for directors and shareholders, typically recent utility bills or bank statements from the last three months.

Bank Statements

A certificate of good standing from a bank is required for directors, shareholders, and authorized signatories.

Reference Letters

Directors, shareholders, and authorized signatories must each provide a reference letter from a lawyer/accountant with whom they have had a business relationship for at least two years.

Certificate of Good Standing (original)
In summary, Belize offers foreign investors a fast and straightforward company incorporation system, enabling your business to thrive in this opportunity-rich market. If you require more information about establishing a company in Belize, feel free to consult the Neil Professional Advisory Team. We will provide you with detailed guidance and support.

Belize Corporate Banking Services

When it comes to banking services, Belize offers a variety of account options, including fixed deposits, multiple currencies, online banking, checking accounts, debit cards, and credit cards. Additionally, for your convenience, the Neil Innovation Team will assist you in opening an international bank account in Belize after completing your business registration, eliminating the need for you to be physically present.

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