Taxation of Belize offshore company
The most classic type of all offshore corporate entities available in the jurisdiction is the Belizean offshore company — the so called Belize IBC formed under the Belize International Business Companies Act. Belize offshore company is an ideal vehicle for international financial transactions, specially designed for offshore investments and transactions and enjoying almost complete tax exemption. Belize offshore companies are almost free from any taxation in Belize, as well as from any reporting requirements.
The provisions on Belize taxation are provided by Article 130 of the Belize IBC Act. Belize offshore company is not subject to any tax or duty on income or profits if it complies with some easy conditions, including not carrying business with persons resident in Belize, not owning interest in real property in the jurisdiction, not carrying on banking business unless it is specifically licensed to do so, not carrying on collective investment schemes, not holding shares and other securities. Also, Belize offshore company is exempt from any stamp duty on its transactions.
The main requirement to Belize offshore company is that it must not pursue business within the territory, at the same time it may enter into business with other Belize IBCs and pursue specific financial activities like ones of a trust business, banking, insurance, and investment management. The conditions on Belize International Business Company are listed in the Article 5 of the Belize IBC Act, where the requisite characteristics of the Belize IBC are stated.
More on taxation of Belize offshore company.
Go to Top