Services > Commercial & Corporate Law > International Business Companies
International Business Companies
The International Business Companies Act enables foreign entrepreneurs to incorporate a Belizean company [an IBC] for worldwide in trading, investing or other structured arrangements without being liable to taxes under Belizean Laws.
Benefits of IBC’s
- Belizean IBC’s enjoy Income Tax exemption on:
- All income of the company
- All dividends or other distributions paid by the IBC to persons who are non resident
- All interests, rent, compensation and other amounts paid by the IBC to people who are not residents of Belize
- Capital gains realised with respect to any shares, debt obligations or other securities of a company incorporated under the IBC Act by non-residents
- An IBC is exempt from the payment of Stamp Duty on:
- All instruments relating to transfers of property to the IBC
- All instruments relating to transactions in respect of the shares, debt obligations or other securities of the IBC
- All instruments relating in any way to the assets or activities of the IBC
- No currency restrictions
- An IBC can be registered in any language and its name can be registered in its language of origin
- Meetings of directors can be held in any country and may be attended by a substitute or by phone
- The director, shareholders and officers do not need to be residents or citizens of Belize
Who Qualifies?
A person or group of persons may establish a company under the International Business Companies Act. Every IBC must have a registered office and registered agent in Belize. An IBC in Belize cannot:
- Engage in business with Belizean residents
- Represent another IBC in Belize (as a Registered Agent)
- Own property in Belize