International Business Companies Registry is the major regulatory authority for all Belizean incorporations. The Belize Companies and Corporate Affairs Registry manages the Registry. This registry is responsible for receiving all incorporation documents and issuing the Certificate of Incorporation certifying that the business is completely registered and incorporated.
The International Business Companies Registry (BICAR) is a register of organizations under Belizean jurisdiction. BICAR provides company registration services under the Revised International Business Act 2000. One of the fastest IBC Registry in the world – Belize’s friendly set of rules and its computerized IBC Registry allows a fast and simple IBC incorporation.
Incorporation of International Business Company in Belize
Under the Belize International Business Companies Act, an international business corporation may be formed in Belize. Belize is well-known for its burgeoning financial offshore system and for having some of the most advanced and user-friendly IBC legislation available. Among the characteristics of a Belize International Business Company are the following:
- The setup of an IBC in Belize is very fast (can be done in a few hours), taking advantage of Belize’s highly effective and computerized Company Registry, making it one of the world’s most advanced IBC Registries.
- One of the world’s most advanced IBC Registries. It is treated as a distinct legal person with the same commercial rights and powers as a natural person.
- It is a low-tax entity—this is a standout feature of the Belize IBC.
- The corporate structure is flexible enabling the organization to be easily accommodated different needs and changes, either sole owner business operation or a multiple-shareholder system. Fortunately, a Belize-incorporated IBC offers a significant degree of company form flexibility. The following are some of the more common characteristics of this type:
- At least one shareholder and one director are required (both of whom may be the same person). Belize residents are not required to serve as directors or shareholders of a Belize-based company.
- In the International Business Corporation, another firm can serve as a director.
- Belize International Business Corporation may issue either registered or bearer shares, or a combination of the two.
- The company’s memorandum and articles of incorporation may be changed by shareholder or director resolution.
- There are numerous options for business designations, including the terms “Limited,” “Corporation,” “Incorporated,” “Society Anonyme” or “Sociedad Anonima” or “Aktiengesellschaft,” or the abbreviations “Ltd.”, “Corp.”, or “Inc.” or “S.A.” or “A.S.” or “A.G.”. Belize IBCs may use and are legally required to use either the full or abbreviated form.
Requirements of Belize International Business Companies
According to the Belize International Business Companies (Amendment) Act 2018, an International Business Company is permitted to undertake any business in Belize unless forbidden by local law and is obligated to do so. to seek permission from appropriate authorities to engage in the following licensed activities:
- Carrying on banking business;
- Carrying on insurance or reinsurance business;
- Conducting business as a registered agent/officer for corporations;
- Carry on trust business;
- Carry on collective investment schemes;
- Conduct business involving the management or administration of funds
International Business Companies Registry of Belize
Address: Keystone Building
Suite 501, 304
Newtown Barracks
Belize City, Belize
Central America
Telephone numbers: +501-223-5108 / 223-5120 / 224-4701
E-mail address: info@ibcbelize.com
Website: www.ibcbelize.com