Belize is a country with a population of over 310,000, located to the South of Mexico, and is member of the Commonwealth. It is the only English-speaking country in South America. Its official language is English, although the majority of the population speaks Spanish.
An offshore centre
Belize is renowned for the speed of establishing companies and the preservation of the anonymity of their members. However, the very exotic nature of this destination can curb trade with Europe. International Business Company (IBC) is the form of offshore company in the country, most of the time with limited liability and governed by country’s IBC Act.
The creation of an IBC is not subject to any lower limit of share capital or citizenship requirement. In addition, an IBC may not do business with players located in Belize or even hold property there, which must therefore be leased if necessary. However, some activities may nevertheless be conducted with residents (lawyers, accountants, etc.). Setting up a company is subject to incorporation costs of 100 USD or 1,000 USD, depending on its share capital. All company information is held by a resident agent (compulsory for the creation of the company), who is bound by the Law to never disclose it. In this country, a company can be created in one day.
Belize is still classified by the OECD as a non-cooperative territory, but this jurisdiction may be of interest, provided that it does not charge clients for services such as messaging or consultancy, service provision and other intangible services, which could cause them tax problems. In this instance, you may use a British company as a gateway.
The minimum wage is 228 EUR per month.
Taxation in Belize by FidusuisseBelize-based companies pay no tax. A general sales tax (GST) has been implemented on goods and services sold in the territory. Personal income higher than 10,001 USD taxed at 10% rate. Fidusuisse Offshore helps you understand the taxation issues and problems that can appear with accounting standards.
Creating a Company
Fidusuisse offshore company has many advantages: among other things, it enables assets to be protected by consolidating assets held in several countries under the name of an offshore holding company. The legislation of the country where the holding company is based will apply to all assets in the event of death. It is also possible to transfer assets to this offshore company to avoid problems (confiscation, commercial litigation, disputes, etc.): this is the principle of Asset Protection.
A Ready-Made Company or Shelf company is a pre-registered company that is ready to start operations. Choosing a Ready-Made at Fidusuisse company reduces the time it takes to setup a company in the country. A Ready Made company is a new company, whereas a Shelf company has existed for at least one year, which makes it possible to benefit from enhanced commercial credibility.
At Fidusuisse we handle your bank account opening in Belize, so there is nothing you can worry about. Whether for private account of offshore accounts within 15 days including the bank relationship, filing of forms and liaising with the bank.
Fidusuisse Offshore offers you a virtual office service allowing you to create real credibility and become a commercial reality. You will be able to conduct your offshore company’s business in the most effective way.
The importance of a virtual office
When you create an offshore company, it is essential to have a phone number in your destination country. It provides real credibility and promotes confidence in your business transactions with your clients. Fidusuisse Offshore can provide you with a telephone number for any country in the world and even offers you a telephone to manage your business.
Company Management is a service aimed at persons not wishing to have to manage their business on a daily basis and who wish to entirely delegate the management. Under a contract regulated by Swiss law, we manage the company on your instructions, maintaining commercial relationships, orders, regulations, accounting, audit and annual reports.
International contracting is frequently used by offshore companies to facilitate transactions with foreign partners. In fact, this method makes it possible to solve logistical and fiscal constraints applicable to transactions.
Trusts and foundations
The advantage of a Trust is that it optimises tax benefits for the Settlor’s assets, in accordance with the tax laws of the country in which the Trust is registered, while the Settlor can reside in another country. It is also useful for transferring assets while avoiding taxation, and in determining the assets owned by several companies.
Fidusuisse Offshore can provide you with the expertise necessary to set up your Foundation. A foundation makes it easier to manage your affairs. This structure can be created in most countries, and fully customized through the use of By-Laws.
Fidusuisse Offshore is putting its experience and expertise at your disposal so that you can successfully carry off your fiscal expatriation plans. Our main destinations are Belgium and Switzerland.
Contact Fidusuisse Contact
ServicesBanking Services Company Formation Corporate Services Trust Management
CoverageBelize British Virgin Islands Canada Cyprus Dubai Hong Kong Latvia Luxembourg Malta Ras Al Khaimah Switzerland United Kingdom
118, Rue du Rhône
1204 – Geneva, Switzerland
Tel: + 41 22 518 03 40
Fax: + 41 22 518 07 84
79, Avenue de la Toison d’Or
1050 – Brussels,
Tel: + 32 2 400 78 00
Fax: + 32 2 808 64 71
The Lee Gardens,
33 Hysan Avenue,
Causeway Bay, Hong Kong
Tel: + 852 580 80 599
Fax: + 852 580 80 582
Sterling Tower, 10th Floor,
14, Poudriere Street,
Port Louis, Mauritius
Tel: +41 22 518 20 19