Fact File Supplied By
Alba Trust Company Limited.
Central Time Zone.
Phillip SW Goldson International Airport.
English, Creole, Spanish.
Belize dollar (BZ$). Tied at fixed rate to the US dollar (BZD$=US$1)
International Dialling Code
English common law.
International business companies (IBCs), international trusts, mutual fund administration and management, international banking. Trading in securities and foreign exchange; international money lending, international foundations, ship registration, international LLCs.
Personal Income Tax
None for international financial services.
Corporate Income Tax
This has been changed due to economic substance rules. All IBCs whether they pay tax have to apply for a tax identification number (TIN). The paying of tax depends on "from where the Company undertakes its activities".
None for offshore activities.
Minimum Authorised Capital
Minimum Share Issue
Timescale for New Entities
US$100 if capital is 50,000 or less; US$1,000 if authorised capital exceeds 50,000.
US$150 for Share Capital 50k and over 50k remains at US$1,000.
Subject to memorandum and articles.
Not at the Registry but must be disclosed to the local registered agent.
Public Share Registry
As desired by directors or members.
No annual returns for IBCs but annual tax returns are required, even if the IBC is not taxable. Details of financial activities have to be maintained at the Registered Office.
No audit requirements for IBCs.
Continuation of IBCs and LLCs to Belize.
Company Naming Restrictions
Under the Act no company shall be incorporated under a name that contains the words 'assurance', 'bank', 'building society', 'trusts', 'chamber of commerce', 'insurance', 'municipal', 'royal', 'fund', 'investment management'.