Belize is considered one of the popular destinations for people looking for offshore company formation. Belize is just two hours flight from Miami, Houston, Dallas Atlanta, Charlestown South Carolina, New Orleans and Los Angeles. Apparently, Belize is very convenient for doing business.

The IBC (International Business Company) Registry in Belize is fully computerized and modernized and can accomplish company incorporation within less than one hour. A foreign company also has the option to continue under the law of Belize as an IBC and would still have all the benefits provided by law. IBC’s incorporated in Belize are often used by high net worth individuals to lease and own property, estate planning, tax optimization and also in conjunction with trust and by international companies in cross border transactions.

Belize law was specially designed to be cost saving. The Belize law ensures to maintain the registration fees competitive alongside the other offshore jurisdictions. The license fee for a standard company having an authorized share capital of US$50,000 having par value is US$100.00. The registered agent/office fee is about US$300.00 along with a one-time setup fee of roughly US$400.00.

Below are the most attractive features of IBC:

1. Flexibility: Only one director and one shareholder are necessary and it may have bearer shares or registered shares, voting or non-voting shares as well as the authorized share capital may or may not have a par value.
2. Confidentiality: Belize’s law has provided provisions to make certain that the freedom of the individual and the sanctity of private commercial transactions are available. To register a company in Belize proper due diligence is carried out by the registered agents in compliance with The Money Laundering Act and Code of Conduct in Belize.
3. Geographical position: Belize is just 2 hours flight from Miami, Houston, Dallas Atlanta, Charlestown South Carolina, New Orleans and Los Angeles which makes it very convenient and favored destination for US citizens.
4. Language: Belize being formerly a British colony, English is a widely spoken, official language in Belize.
5. Government: Belize government has supported development by means of a mixed economy. Belize benefits from a number of preferential market access arrangements particularly with the US, Canada, and the European Economic Community through its British links.
6. Currency: The currency here is the Belize dollar which is pegged to the US dollar of a rate of BZ$2.00 to US$1.00.
7. Asset protection: Prime advantage of Belize’s Trust law is it allows the legal ownership of property to be distinguished and separately vested from the enforceable rights of use and enjoyment of that property.