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 Fee 1) | 650 | Domicile Fee 1) | 650 |
| Total 1st Year, USD | 1,575 | Total Annual Maintenance, USD | 750 |
| Administration 2) | 800 | Administration 2) | 800 |
| Director's Fee 3) | 1,800 | Director's Fee 3) | 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.
