Below is a list of questions we receive on a regular basis about forming a Belize offshore company and IBCs. If your question is not addressed, please contact us and we will be glad to assist you.
What is an International Business Company (IBC)?
An International Business Company, also known as an offshore company is a legal entity registered in Belize and is not subject to any taxes in Belize regardless of where the IBC earns its income.
Why choose Belize to register an offshore company?
Belize is certainly a stable offshore jurisdiction. We have retained our International Business Company (IBC) confidentiality provisions. We speak English and have same day communication to the US.A. and our Belizean dollar (BZD) has remained pegged to the USD at 2 to 1 since 1976. Belizean IBC’s can trade and maintain Bank accounts. An IBC is not required to file tax returns or any other type of report or declaration to the authorities in Belize regarding sources of income. The basis of Belize’s legal system is British Common Law.
What is a “Shelf Company”?
A Shelf Company is an already incorporated company and is immediately available. The name of the shelf company can also be changed to suit the new owners.
(Our list of shelf companies is available upon request. However, we would point out that we can incorporate a company within one business day after you satisfy the IBC requirements.)
How will I be protected in view of Confidentiality?
No information pertaining to the identity of directors & shareholders is filed in any public register in Belize. As a licensed registered agent, we ensure privacy for our law-abiding clients. The only thing that must be filed with our IBC Registry is the name of the Registered Agent and the Memorandum and Articles.
What is minimum requirement for paid up share capital of an IBC? Must I deposit the registered amount of capital in the bank?
There is no paid up share capital requirement for an IBC. There is no requirement to deposit any of the share capital in the bank.
Could Registered Share certificates be issued without being registered at any government entity?
The Registered Share certificates are issued in the name of the shareholder(s). This information will not be filed at the IBC Registry and will not be accessible to the public. The IBC Registry holds only a copy of the Certificate of Incorporation and Memorandum & Articles of Association for their records. Only the Registered Agent holds a copy of the share register.
What are the requirements for the company incorporation and what would be the cost for that?
Notarized copies of passports of each shareholder and director of the company.
Completed and signed IBC Application Form and Registered Agency Agreement.
References from legal or accounting firm.
Copy of a utility bill, showing your name and address.
Standard cost is USD$1,065.00
Can a Belize IBC have shares of no par value?
Yes, Belize IBCs can have shares with no par value. This must be stated in the Memorandum and Articles of Association, and is priced differently from IBCs with standard authorized share capital. More information can be found on our IBC schedule of fees.
Can the company carry own business in the United States? Is the company in general the same as a corporation in the USA?
A Belize IBC is a legal entity that is capable of transacting business anywhere in the world. It would be the same as any foreign corporation. However we cannot offer advice on taxes in jurisdictions outside of Belize. A Belize IBC is free of all taxes in Belize regardless of where the income or capital gain is earned, but an IBC also has to comply with the laws and requirements of the country in which it is doing business.
Can IBC purchase land as an investment in United States and sell the land? What is the taxability of the gain? Is the gain taxable or non-taxable in the USA or Belize? What is the taxability of withdrawing the gain from IBC? What is the taxability of the income produced from the company? If the company owns investments offshore that produce income, is the income taxable to the shareholders?
You would need to refer to a tax attorney or accountant in the USA regarding the IBC’s tax situation in the USA or in any other jurisdiction for that matter. However a Belize IBC is not subject to capital gains tax or any other taxes in Belize.
Questions? Contact us
for more information about Belize IBC, Belize Offshore Company.