Belize is a small independent country located on Caribbean coast of Central America. Its small population of 250,000 is 90% literate.
English is the official and spoken language. Spanish is also spoken widely.
The local currency is the Belize dollar which is pegged to the US Dollar. There are 4 commercial banks, The Belize Bank Limited, Barclays Bank PLC, The Bank of Nova Scotia and Atlantic Bank Limited.
|Law and Taxation||Belize was a British Colony in 1862 and achieved complete self-rule in 1981. Accordingly, the law of Belize is based on English Common Law. The International Business Companies Act 1990 created the International Business Company ( “IBC”) modelled after the British Virgin Islands (BVI), IBC. The Belize IBC are exempt from tax in Belize.|
Directors and Shareholders
At least one director and one shareholder is required to set up a Belize IBC company. These can be either individual or corporate. The information of directors and shareholders are not required to be filed at the Companies' Registry but Register of Directors and Shareholders are maintained at the local agent. Bearer shares are still permitted.
Like the BVI and Samoa, the Companies Registry only maintains a copy of the Certificate of Incorporation, its Memorandum & Articles of Association and any amendments thereto.
The Memorandum and Articles of Incorporation and Certificate of Incorporation are available in Chinese.
|Diplomatic Relationship||Belize has diplomatic relationship with Taiwan.|