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BELIZE
- International Business Companies (IBC) require a minimum of
administration duties and has low statutory running costs.
- Such Companies :
- are totally exempt from local tax or Stamp Duty
- have quick and simple incorporation
- have available Shelf Companies
- may have one Shareholder
- can use Bearer or Registered Shares
- can have shares without par value
- has filling requirements limited to Certificate of
Incorporation, Memorandum and Articles of Association, Registered Office and Registered
Agent.
- has no Exchange Control.
- May have one Director who may be corporate and non-resident.
- Meetings of the Shareholders and/or the Directors may be
held at any location and time they think fit and may be attended by proxies.
- There is low minimum capital requirements
- The IBC name may be in any language and must include
"Limited", "Corporation", "Incorporated", "Societe
Anonyme" or "Sociedad Anonima", or their usual abbreviations.
- A Company incorporated in Belize must at all times have a
Registered Office and Registered Agent in Belize.
- It can keep accounts and records at any place where the
Directors so wish. They can keep minutes of all meetings and copies of Resolution wherever
the Directors so wish.
- There is anonymity of the identity of the name of the
members or Directors.
- The IBC name may be in any language and must include
"Limited", "Corporation", "Incorporated", "Societe
Anonyme" or " Sociedad Anonima", or their usual abbreviations.
- A Company incorporated under this Act shall at all times
have a Registered Office and Registered Agent in Belize.
- A Company incorporated under this Act shall keep such
accounts and records as the Directors consider necessary or desirable in order to reflect
the financial position of the Company. They shall keep Minutes of all Meetings and copies
of resolutions consented by Directors, Members, and Committee of Directors and Officers. A
company shall also have a common seal and an imprint thereof shall be kept at the
Registered Office of the Company.
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