Belize is in Central America, bounded N by Mexico, W and S by Guatemala, and E by the Caribbean Sea. It has an area of 22,966 sq km. (Map Image CIA World Fact book)
Cannot trade within Belize or own real estate there. Cannot undertake the business
of banking, insurance, assurance or reinsurance. However, the legislation does
allow an IBC to carry on the following activities within Belize:
make or maintain deposits with local banks in Belize;
make or maintain professional contact with persons in Belize;
prepare or maintain books and records within Belize;
hold meetings of its directors or members within Belize;
hold lease of property for use as an office in Belize;
own a vessel (s) registered in Belize in accordance with the Registration of
Any name that has already been incorporated, or is so similar as to cause
confusion. Any name which in the opinion of the Registrar is considered undesirable,
obscene or offensive. Names such as royal or imperial and any name which
suggests the patronage of Belize Government.
Bank, building society, savings, loans, insurance, assurance, reinsurance, trust,
trustees, Chamber of Commerce, university, municipal or their foreign language
equivalents or any name in English or a foreign language that may suggest
association with the banking or insurance industries.
Limited, Corporation, Incorporation, Sociètè Anonyme, Sociedad Anónima,
Gesellschaft mit beshränkter Haftung or the relevant abbreviations (Ltd., Corp.,
Inc., S.A., GmbH)
The normal authorised share capital is US$ 50,000 divided in to shares with or
without par value. The share capital may be expressed in any currency. The
minimum issued capital may be one share of no par value or one share of par value.
Registered shares, bearer shares, shares of no par value, preference shares,
redeemable shares and shares with or without voting rights. Nominee shareholders
are permitted
Only the Memorandum and Articles are required for public records. The registration
and deregistration of Registers of Directors, Members, and Mortgages and Charges
are optional.
Companies with an authorised capital up to US$ 50,000 pay the sum of US$ 100
per year.
Companies with a share capital over US$ 50,000 pay the sum of US$ 1,000 per
year.
Companies which have some or all of their shares with no par value pay the sum of
US$ 350 per year
Whilst there is no requirement to file audited accounts with the authorities, a
company is required to keep financial records that reflect the financial position of a
company. No filing of annual returns is required.
The minimum number of directors is one. Directors may be natural persons (or)
bodies corporate. They can be of any nationality and need not be Belize resident.
No minimum capital is required. Shares may be issued with or without par value
and in any currency as permitted by the Memorandum of Association and Articles of
Association
Belize is in Central America, bounded N by Mexico, W and S by Guatemala, and E by the Caribbean Sea. It has an area of 22,966 sq km.