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Belize: Offshore Legal and Tax Regimes

Offshore Operations

The International Business Company Act (1990) prohibits an IBC from:

  • conducting business with persons resident in Belize
  • owning an interest in property situated in Belize (except lease property for office purposes)
  • carrying out banking business;
  • carrying out insurance or reinsurance business;
  • conducting the business of providing registered agents/offices for companies.

Otherwise a Belizean IBC may engage in any activity that is not unlawful in Belize.

A Belizean international bank can carry on the following activities within the country:

  • establish, maintain, and operate a business office in Belize
  • transact international banking business through its business office in Belize without restrictions
  • transact international banking business with a local entity in Belize licensed under the Banks and Financial Institutions Act, 1995.



Back to Belize Index »