Ready made companies
Belize International Business Company
An International Business Company (IBC) is formed under the International Business Company Act 1990.
An IBC is formed by filing Articles and Memorandum of Association along with the required fees. The following are the main characteristics of an IBC:
- There is no minimum paid up capital requirement, and capital may be expressed in foreign currency;
- An IBC may issue bearer shares and shares of no par value; but bearer shares must be held in the custody of a local registered agent;
- Subscribers may include an individual, a corporation or a Trust;
- A company may have nominee shareholders using local licensed registered agents;
- There is a minimum of one director, who can be an individual or a corporation;
- A secretary is not required (but can be useful);
- Each company must maintain a Registered Agent and a Local Registered Office using licensed individuals or companies - these are the only details about an IBC that are available on the public file;
- There are no requirements for an IBC to file details related to shareholders or directors or for the filing of audits or accounting reports;
- No meetings are required of directors or members;
- There are no exchange controls for an IBC;
- Foreign companies may continue (re-domicile) as Belizean IBCs, and vice versa.
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