Belize

International Business Company (IBC)

General
Type of Company	IBC
Average timeframe to set up a new company	3 - 4 days
Average timeframe to activate shelf company	1 day
Migration of domicile possible?	Yes
Corporate Requirements
Standard authorised share capital	US$ 50,000
Bearer shares allowed?	Yes
Minimum number of shareholders/members	One
Minimum number of directors	One
Corporate directors permitted?	Yes
Local directors required?	No
Local meeting required?	No
Company secretary required?	No
Taxation
Corporate tax rate	N/A
Ordinary tax base	N/A
Tax exemptions	N/A
Withholding tax on dividends - tax rate	None
Withholding tax on interest - tax rate	None
Withholding tax on licence fees and royalties	None
Double taxation treaties	None
Value Added Tax rate	N/A
Disclosure and Reporting Requirements
Disclosure of beneficial owner	No
Government register of directors	No
Government register of shareholders/members	No
Annual return	No
Submission of accounts	No
Audit required?	No

Incorporation and 1st Year Fees and Taxes		Annual Maintenance Fees and Taxes
Type of company	IBC		IBC
Incorporation Fee	700
Government Tax	100	Government Tax	100
Domicile Fee1)	650	Domicile Fee1)	650
Total 1st Year, USD	1,575	Total Annual Maintenance, USD	750
Administration2)	800	Administration2)	800
Director's Fee3)	1,800	Director's Fee3)	1,800

Note: all fees are quoted in United Stated Dollars (US$). Currency Converter 1) Includes provision of registered office/agent, statutory filings and notices, nominee director and nominee shareholder (US$ 50 transaction fee applies) 2) Minimum annual fee for professional offshore administration, if required. Actual fee will depend on the work involved. 3) Minimum fee for a professional director resident in a no-tax jurisdiction, if required. Actual fee will depend on the work involved. Director does not have to be resident in Belize. Corporate directors allowed.