Offshore Banking & Taxes

A. Belize is recognized as being one of the safest tax havens for secure offshore banking, offshore accounts, IBC company formations and offshore Trusts with private banking. All are designed for worry-free asset protection, wealth accumulation and tax-free investing in a financially stable and trustworthy environment.

B. Foreigners can easily establish an offshore corporation (IBC – International Business Company) and offshore Belize Dollar and US Dollar bank accounts to best manage your global assets and your new home in Belize. The IBC can also be setup in Belize yet based in other jurisdiction such as The Bahamas or Nevis.

C. We can recommend some very experienced consulting and law firms in Belize that can professionally & quickly (1 week) establish your IBC & accounts and provide a thorough understanding of the procedures and benefits of offshore banking.

D. A Belize IBC is not subject to exchange control regulations.

E. Ownership of an IBC is very confidential. Disclosure to the Belize Government of the beneficial owner(s) when filing the registration papers is not required. Only the Memorandum and Articles are required for public records and directors' and shareholder names do not appear on these documents. The share (ownership stocks) register may be inspected only at the law office in Belize where we will setup your IBC and only by a shareholder. End result is only the owners and the law firm will have access to ownership records!

F. Assets are protected from confiscation orders or similar actions by foreign governments.

G. No other jurisdiction has proven that it will back up its privacy laws as strongly as Belize. The only challenge to Belize's sovereignty came when the Supreme Court of Belize successfully kept their privacy laws from being breached by the United States Securities and Exchange Commission

H. Only one shareholder (can be bearer or non-named) and one director are required, who may be corporate

I. No minimum capital is required;

J. No audit of accounts is required;

K. No filing of annual returns is required;

L. No company secretary is required;

M. No annual general meeting is required;

N. Meetings may be held outside of Belize and may be by telephone or other electronic means;

O. If you establish an offshore IBC for your real estate investments in Belize your company will only pay an income tax equal to 1.75% of total annual revenue! YES, 1.75% of annual revenue is all that is due to the Government of Belize for income taxes!

P. Some countries require residents to declare their income on a world wide basis and tax is payable on all your income. Some countries do not. Also if your offshore company earns income yet you do not take a dividend or ownership payment then you may or may not have to declare personal income for taxes in your home country. It is your responsibility to follow proper income tax procedures in your country and consultation with a tax professional is highly recommended.

Q. Belize has Double Tax Treaties with U.K., Sweden, Denmark and CARICOM (Caribbean Community) countries.