Who will benefit from a company in Belize in 2024?

Belize, a small country located on the shores of the Caribbean Sea. It is a popular offshore jurisdiction in Central America. Thanks to its simple company registration rules, this country has maintained its offshore relevance for a long time, attracting many business startups.

Advantages of registering a company in Belize

• High confidentiality and a closed registry;
• No obligations for tax information exchange with many other countries;
• The authorized capital is nominal;
• No corporate tax if the company operates outside Belize;
• English is the official language in Belize;
• Offshore companies can be managed from anywhere in the world;
• Company registration takes no more than 7 business days.

Belize offers various company structures, including Limited Liability Company (LLC) and International Business Company (IBC). IBCs are only required to pay taxes if they have a physical presence in the country.

Registering a company in Belize may be beneficial for:

• Owners of internet businesses. Belize does not tax income from online commerce, advertising, or software sales, allowing for tax optimization for online businesses;
• IT startups and software developers. Income from the sale or licensing of software is not subject to taxation;
• Investment and hedge funds. Offshore status in Belize allows for tax-exempt fund profits and no taxes for foreign investors.

In this jurisdiction, without the appropriate license, providing certain types of business services is prohibited, including:

• Providing legal and accounting services;
• Engaging in insurance activities;
• Real estate transactions;
• Various banking activities;
• Tourism and transportation services.

Flexibility, high confidentiality standards, and tax incentives make Belize an attractive business destination. However, before initiating the company registration process in this country, we recommend seeking professional advice from IT-OFFSHORE legal experts to ensure a successful registration process and compliance with the legislation.