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Belize
Tax Haven
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Belize
is one of the most dynamically developing offshore-financial center located
south of Mexico. It has excellent infrastructure, well
developed banking sector, advanced telecommunication facilities, and very
favourable business legislation.
Our
experienced and
reputable company offers International Business Companies (IBC) incorporated in
Belize. Clients could order Belize
Offshore IBC,
Belize Offshore IBC Package and
Belize
Offshore E-Commerce Package.
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Belize IBC
$790
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Belize IBC
Package
$1,090
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Belize E-Commerce Package
$1,290
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first year Belize government fee, Belize
registered office and Belize registered agent fees, all mandatory corporate documents and courier delivery.
Read detailed list. Your company will be completely
organized and ready for opening a corporate bank account.
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Includes
first year Belize government fee, Belize
registered office and Belize registered agent fees,
all mandatory corporate documents, corporate seal, nominee director,
power of attorney, Apostille legalization, bank account
introduction and courier delivery. Read
detailed list. Your company will be completely
organized and introduced to a bank in UK for opening a corporate
bank account.
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Includes
irst year Belize government fee, Belize
registered office and Belize registered agent fees,
all mandatory corporate documents, corporate seal, nominee director,
power of attorney, Apostille legalization, bank account introduction,
merchant account introduction and courier delivery. Read
detailed list.
Your company will be completely
organized and introduced to a bank in Belize for opening a corporate
bank account and merchant account.
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ADVANTAGES
OF BELIZE
Exemption
from all local taxes for international business companies Availability
of free zones providing facilities for manufacturing and other business
activities, such as warehousing, packaging, distribution of products
and services -
Well
developed financial services industry
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Well
developed professional infrastructure
Strict
secrecy low, which prohibits disclose of banking and financial information -
Common
law legal system based on English law
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Excellent
telecommunications system
Easy
access to the NAFTA members Mexico, USA and Canada by land, sea
and air -
No
foreign exchange restrictions for IBC
Stable
political system with long history of peaceful and democratic
development The
country is not blacklisted by FATF and OECD
Independent
country, member of well recognized political organizations,
such as of the British Commonwealth, United Nations and Organization
of American States.
OFFSHORE
LEGAL ENTITY
International
Business Company (IBC) is incorporated under the International
Business Company Act adopted in 1990. This act absorbed and further
developed the best provisions of BVI offshore corporate legislation. It is
considered as one of the most friendly business legislation in the
offshore-financial sector.
TAXATION
AND ACCOUNTING
Belize offshore IBC is exempt from all local taxes
including income tax, dividend tax, capital gain tax and stamp duty on
transfer of corporate property, shares, and other corporate financial
instruments.
Belize offshore company is not required to file tax returns or any other type of report or
declaration to the government regarding sources of income.
DOUBLE TAX
TREATIES
Belize
has signed double tax treaties with Denmark, Sweden, United Kingdom, and
CARICOM members. However, those treaties are not applicable to Belize
international business companies and non-Belize residents.
SECRECY AND
DISCLOSURE
On January 7, 2003 Belize signed Mutual Legal Assistance Treaty
(MLAT) with
US. MLAT covers very limited cases of internationally recognized crime
activities. Belize agreed to share information with US on suspected international
terrorism and drug related cases only.
Belize does not disclose banking and financial information
to US and other foreign governments for any other reasons including cases of
suspected tax evasion or any other tax related issues.
Due to this sound position on disclose of financial
information Belize has gained reputation of the world's most secure tax haven.
CURRENCY
EXCHANGE CONTROL
Belize international business companies are
exempt from currency exchange controls. Offshore IBC could open and hold
accounts in any currency in banks located in and outside of Belize.
Belize national currency is
Belize Dollar (BZ$). It has a fixed exchange rate with US Dollar, which is
US$1.00
= BZ$2.00.
US Dollars are widely accepted by most businesses in Belize.
POLITICAL
SYSTEM
Belize received its independence on September 21,
1981.
Prime Minister is the head of the government, which
includes 29-member House of Representatives and 12-member Senate.
Queen Elizabeth II of Great Britain is formally the
Head of Belize State. As we all know, Elizabeth II is also the Queen of 15
other independent counties including Canada, Australia, New Zealand,
Antigua and Barbuda, Bahamas, Saint Vincent, Jamaica, Saint Kitts and
Nevis, Barbados and others. This nominal formality remaining from the past
history does not
affect ability of all those countries including Belize to develop own policy based
on the national interests.
LEGAL SYSTEM
Belize legal system is based on the English Common Law.
LOCATION
AND FREE ZONES
Belize is situated on the East coast of Central America and has borders with Mexico,
which is a member of NAFTA, and Guatemala.
Local
time: Central Standard Time (GMT - 6:00).
Belize is well connected with major US cities by daily
flights to Houston, Dallas, Miami, Atlanta, and other destinations.
Such close proximity to members of NAFTA creates ideal
conditions for establishment and development of Belize Free Zones.
Commercial Free Zone (CFZ) at Corozal
CFZ is located right beside the Mexican border. It has
facilities suitable for manufacturing, packaging, distribution of
different kind of products and services.
All business located in the CFZ have 10 years tax
holiday. They pay income tax from 2% to 8% thereafter. Employment of local
residents decreases the tax rate by up to 2%.
All imported and exported products, materials and
supplies are exempt from any customs duties, quotas, etc.
Export Processing Zones (EPZ)
There are three EPZ in Belize. The San Andres EPZ is
located close to the border with Mexico. The Philip Goldson International
Airport EPZ and Price Barracks EPZ are situated close to Belize City.
Companies approved by the Ministry of National
Development receive EPZ status, which gives them rights to conduct
business in EPZ. Such companies are exempt from all taxes including income
tax, withholding tax and capital gain tax for 20 years
LANGUAGE
English is the official
language of Belize.
Spanish is the second widely
spoken language.
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