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BELIZE

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BELIZE

Belize was a British colony and was known as British Honduras until 1973. It is a small nation on the eastern coast of Central America on the Caribbean Sea, bordered by Mexico to the northwest and Guatemala to the west and south. It claimed independence in 1981. It has an area of approximately 9,000 square miles; a total population is estimated at 301,022, which is ethnically diverse including descendants of the original Mayan culture and various mixtures of Caribbean people, Caucasians, Chinese and East Indians.

Belize is arguably the most secure and confidential offshore jurisdiction. Offshore Belize Internatioanl Business Company (IBC) enjoys a number of advantages from Belize's status as an offshore tax shelter jurisdiction:

  • -Belize has probably the fastest IBC Registry in the world, where incorporation of a new offshore company only takes a few hours.
  • -No minimum capital requirement.
  • -No requirement for filing annual returns or audited financial statements with the Belize authorities.
  • -No requirements for a local director or secretary thereby saving significant fees.
  • -Belize does not disclose its banking or fiscal information under any information-exchange agreements to any foreign parties on grounds of suspected tax evasion.

Unlike most other offshore jurisdictions, Belize is not an island and has a fairly robust and diversified national economy. Since offshore services industry contributes significantly to the country`s earnings, it gained wide support from the government as well as the citizens on further developping Belize as a top offshore financial centre. Belize is a member of the British Commonwealth, the United Nations and the Non Aligned-Movement. It is also the only country in Central and South America having English as the official language.

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