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Belize is one of the most popular locations for formation of trusts and companies among the offshore tax havens.
Confidentiality is one of the key benefits of the Belize International Business Company. At registration, no information whatsoever is filed on public record on the company beneficial owners, directors and shareholders. The internal corporate records of the IBC as the Registry of Members, Registry of Directors and the Corporate Minutes and Resolutions, are all kept by the Registered Agent and are confidential. The only documents of a Belize IBC held on public record are the Memorandum and the Articles of Association. These documents do not contain any indication as to the actual beneficial owners, directors or controllers of the company.
A Belize IBC does not have any minimum paid-up capital requirement. Any amount of authorized capital can be stated in the incorporation documents of the IBC, as desired by the owners.
A Belize offshore company needs a minimum of one shareholder, one director, both of whom may be the same person. There is no requirement to have any Belize-resident directors or shareholders. Foreign individuals or corporations may hold shares and be directors in a Belize IBC.
A Belize International Business Company is not subject to any tax on income or profits. These provisions are provided by Article 130 of the Belize IBC Act.