The International Business Companies Act 1990 of Belize created a special category of company known as an International Business Company (IBC). The law was enacted to permit asset protection and tax minimization planning at competitive rates. Some of the attributes of the Act are:
IBC’s have total exemption from all forms of local taxation including Stamp Duty.
Speedy and simple registration.
Only one subscriber is required; thereafter one shareholder and one director are required.
There are limited filing requirements, mainly certificate of incorporation, memorandum and articles of association.
No exchange control.
Low registration fee for new incorporations.
Low continuation fee.
IBC’s can be registered in any language and company names may be registered in the language of origin.
