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Belize Tax Haven

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 professional company offers Belize International Business Companies (IBC) incorporated under the Belize International Business Companies Act 1990.

Advantages of Belize

Belize offers the following advantages for international businesses:

• 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

• Well developed professional infrastructure

• Strict secrecy low, which prohibits disclose of banking and financial information

• Common law legal system based on English law

• 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.

Taxation

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.

Privacy and Disclosure

Information about beneficial owners, shareholders, directors and officers is not filed with the Belize government, and not available to the public.

Currency

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.

Transfer of Funds

There are no currency exchange and transfer of funds controls in Belize, no approval need be obtained for the transfer of dividends, interest, royalties other profits or for repatriation of capital. Companies are permitted to repatriate all profits, dividends and management charges.

Offshore IBC could open and hold accounts in any currency in banks located in and outside of 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.

Geographic Location

Belize is situated on the East coast of Central America and has borders with Mexico, which is a member of NAFTA, and Guatemala.

Capital is Belize City.

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.

Belize Free Zones

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

Official Language

English is the official language of Belize. Spanish is the second widely spoken language.