Under the 1990 International Business Company (IBC) Act, Belize companies are fully exempted from any requirement in connection to taxation and stamp duties, i.e. no tax on capital gains, no withholding tax on dividends etc. The previously-mentioned, along with the high threshold of Privacy and Confidentiality, render the jurisdiction of Belize an incorporation heaven.

The type of company most commonly formed is that of an International Business Company (IBC) i.e. a private company which is structured in such a manner in order to facilitate itself to be engaged into any international business activity. An IBC is exempted from tax in its home jurisdiction, safeguards to the maximum the privacy of its Owner(s) and has no onerous reporting requirements attached on it.

GFA TRUST can offer its Belize IBC incorporation process usually within 2 to 3 days. The tax on offshore profits and exchange controls are non-existent.

The jurisdiction’s Local Requirements are limited to the existence of a Registered Office/Registered Agent which/who is to be located in Belize with no obligation attached as to the presence of a local Company Secretary, Director or with the legal obligation that the meetings of the company take place in Belize, as the location of the Board Meetings, can be placed anywhere in the world as also the company’s administration. The minimum number of Directors and Shareholders is 1.

Public filings are restricted only to the name of the registered agent and address of the registered office, thus, safeguarding the IBC’s Director(s), Shareholder(s) and Ultimate Beneficial Owner(s) from publicly disclosing their information. Furthermore there are no Annual Filing Requirements attached i.e. there exists no obligation for the submission of the company’s Annual Return or Audited Accounts.

The issuance of bearer shares, company re-domiciliation, and the acquiring of shelf companies are all permissible for a Belize IBC as also the appointment of Corporate Directors.