BELIZE TAX HAVEN
Belize Tax Haven. Benefits of forming a Belize IBC in Belize Tax Haven
KGN Services specializes in Belize Company Registration and opening offshore bank accounts.
About the Belize Tax Haven
Belize is a small multi-cultural Caribbean country on the eastern coast of Central America. Belize is bordered on the north by Mexico, on the west and south by Guatemala and on the east by the Caribbean Sea. The geographical area of Belize was once the site of several Mayan cities for thousands of years. These Mayan ruins, including the country’s coastal beauties make Belize a very popular tourist destination. Adding to tourism, oil, sugar and fruits are major exports of the country which help to keep the economy stable and make the Belize tax haven a possibility.
An offshore company is a company owned by a non-resident individual and an offshore bank account, likewise. Setting up and maintaining a Belize IBC (International Business Company) and bank account is very simple and straight-forward. It was meant to be this simple because the government of Belize has worked very hard to make the country a very interesting offshore destination for the savvy investor. When you consider the benefits of owning an offshore corporation and bank account in the Belize Tax Haven, you will discover that this little Caribbean country is indeed the perfect tax heaven that you seek. A Belize IBC is 100% free from taxation on the grounds that all the businesses it conducts be outside Belize. This means that a Belize IBC cannot operate inside Belize but is free and completely backed by the government to operate in the rest of the world.
Purposes of Belize IBC
The purposes of starting and maintaining a Belize IBC are many. The main reason is to take advantage of different international laws in different countries because while a process may not be possible in one country, it is often possible in another country. Belize IBCs help individuals to protect their wealth from lawsuits and divorce settlement issues by either transferring assets to an offshore corporation or by directly wiring money into an offshore account.
This puts the assets or funds beyond the reach of greedy lawyers and ex-spouses. A Belize IBC can also help in reducing, deferring or completely avoiding taxes for international companies or other suitable corporations that deal across borders like Internet firms and import & export companies. The Belize tax haven is among the best of the best when it comes to taking advantage of international laws for the purposes of wealth protection and tax optimization, so let’s take a closer look at this amazing little country.
The Advantages of the Belize Tax Haven
The system of government of Belize makes it a stable country suitable for maintaining offshore firms. Belize has been independent from the United Kingdom since 1981 and is a recognized and accepted member of many international organizations like the commonwealth, the United Nations and the Organization of American states. Like other commonwealth countries which include Canada, Australia, Jamaica and New Zealand, Queen Elizabeth II remains the Head of State of Belize, while a prime minister works as the head of the Belizean government. The stability of the government is therefore guaranteed.
A Belize IBC is exempt from local taxes including income tax, capital gains tax, dividend taxes and stamp duty on transfer of corporate shares or any other type of property. This simply means that the government of Belize does not demand taxes of any kind from any company registered as an International Business Company in the Belize Tax Haven. The only payment that a Belize IBC makes to the government is the annual business license renewal fee which is either $100 for an Authorized Capital of the Belize IBC of up to $50,000 or the fee is $1,000 for capital above $50,000.
No Annual Reports
Belize IBCs and other forms of offshore companies in the Belize Tax Haven are not required to file any financial or tax records although a law enacted in 2013 requires every Belize IBC to keep accounting records and physically maintain them either within Belize or in a different country. This rather comical situation further cements the beauty of the Belize tax haven because like every respectable business, a Belize IBC keeps accounting records, the catch is simply that the government never asks you about it.
Other perks that further make the Belize tax haven more attractive are the lack of foreign exchange regulations for Belize IBCs, a well-developed financial sector including important infrastructural developments in areas like communication which is necessary for the modern business environment. There are also the Commercial Free Zones and the Export Processing Zones. These zones are huge attractions for investors who are engaged in the international movement of physical goods. The reason is because the Belize Tax Haven is strategically located near the NAFTA trade zone with Mexico bordering it on the north. Businesses in the Commercial Free Zones get 10 years tax holiday and later pay income tax between 2% and 8%. Businesses in the Export Processing Zones are first approved by the government. If they receive the EPZ status, they can then operate freely in the zone, completely tax-free.
Who Can Benefit from a Bahamas Tax Haven?
There are many different types of people that will benefit tremendously from creating a Belize IBC. Owners of international corporations can benefit from the Belize tax haven by moving their parent company to the Belize Tax Haven as an IBC, this way, a manufacturer will no longer have to pay local taxes whenever its foreign subsidiary sells a product to a firm in another country. International business laws of some countries are quite tough but a Belize IBC can solve all that. Any individual with enough assets can also benefit from a Belize IBC by transferring his assets from his natural person to a judicial entity like an International Business Company in Belize. This way, when you get sued for any reason at all where damages are normally claimed, you can completely be relaxed because you know that your wealth is out of reach. This is especially true of gold-diggers who will sue for compensation with the smallest chance they get and for ex-spouses who wage their vendettas by focusing on profiting from divorce settlements.
The Benefits of forming an IBC in the Belize Tax Haven
A Belize IBC will assist you in minimizing or deferring taxes or even in completely avoiding them. The important thing here is that tax deferment or avoidance using an offshore company is completely legal as long as no laws are broken.
Forming a Belize IBC will enable any individual to avoid liability issues like law suits that demand financial settlements or to avoid costly divorce settlements. Having your assets in an offshore location may also provide some protection from disasters like war and other unforeseeable circumstances especially for high net-worth individuals from economically or politically unstable companies.
With a Belize IBC your business is exempt from all manner of local taxes. You do not pay income tax, corporate tax, capital gains tax, nothing.
The government of Belize has sufficient anti-confiscation provisions that will legally protect your assets that you have assigned to your Belize IBC.
No Reports & Privacy
There are no annual reports, no tax papers to file, nothing. There are also no public information about the company’s owner, neither is there public information about its finances. The government of Belize guarantees 100% privacy for Belize IBC owners with its refusal to join international information sharing agreements.
The Belize tax haven offers the most flexible form of company ownership and management with the Belize IBC. The company can have just one or more shareholders. There is no minimum amount of shareholder capital, in fact the company could have Zero shareholder capital. A Belize IBC can be partly or wholly owned by another Belize IBC. Shareholders can also have their meetings in whichever country they choose to have it in.
With a Belize IBC you can completely avoid inheritance tax by transferring the asset to be inherited to the IBC and then simply pass on shares of the company to the beneficiary.
The Offshore Corporate Account in the Belize Tax Haven & its Benefits The financial climate of the Belize tax haven is quite good. With a Belize IBC, you are free to open a Belizean corporate account with any bank and enjoy the benefits that come with it. Your company doesn’t even need to be conducting business for you to open a corporate account with any Belizean bank. Also, any money that goes into that corporate bank account is no more directly tied to you. It belongs to a corporation that belongs to you and that no government or lawyer or any other individual can have access to.
Belize IBC Formation Prices
Belize IBC Formation Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Certificate of Incorporation
- Registered Office Address for 1 year
- Registered Agent Services for 1 year
- Government filing fee
- Memorandum & Articles of Association
- Minutes of first meeting appointing the director(s)
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $1950
Why Choose KGN Services?
We’ve been helping business owners since 1996
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services in the Belize Tax Haven
KGN Services provides the following services in the Belize Tax Haven:
- Belize IBC Formation
- Registered Office and Agent Services
- Belize Company Secretarial Services
- Nominee Shareholder / Nominee Director
- Opening of Bank Accounts
- Full Belize Company Administration Services
- Mailing Address in Belize
- Virtual Office in Belize
- Trademark Registration
- Yacht Registration
Belize – General Information
Location: Central America, bordering the Caribbean Sea, between Guatemala and Mexico.
Area: total: 22,966 sq km ; land: 22,806 sq km ; water: 160 sq km. …
Natural resources: Arable land potential, timber, fish, hydropower.
Population: 360,346 (July 2017 est.).
Capital: Belmopan 23,000 (2018).
Time Zone: CST (UTC−6).
Languages: English (official), Spanish, Creole, Maya.
Government type: Parliamentary democracy (National Assembly) under a constitutional monarchy; a Commonwealth realm.
Legal system: English common law.
International organization participation: ACP, AOSIS, C, Caricom, CD, CDB, CELAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC (NGOs), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ITU, LAES, MIGA, NAM, OAS, OPANAL, OPCW, PCA, Petrocaribe, SICA, UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WHO, WIPO, WMO, WTO.
Economy: Tourism is the number one foreign exchange earner in this small economy, followed by exports of sugar, bananas, citrus, marine products, and crude oil.
Currency: Belizean dollar (BZD).
KGN Services | Belize Tax Haven | Belize IBC