Password must be 8-15 alphanumeric characters with these requirements
- Minimum one number (0-9)
- Minimum lowercase letter (a-z)
- Minimum one uppercase letter (A-Z)
- Minimum one special character "#?!@$%^&*-+<=>"
- Example password 99azTR?!@
In Belize there are several types of offshore companies, such as the offshore companies IBC and the Belizean trusts. The Belizean laws allow the following forms of registration of offshore companies:
However, almost all offshore and foreign businesses use the International Commercial Companies or International Trust Companies.
An International Business Company (IBC) is incorporated under the International Business Company Act 1990 and established by registering the Memorandum and Articles of Incorporation together with the necessary fees.
The main characteristics of an IBC are:
Companies formed under the IBC act are prohibited from:
The registers and accounts of IBC are exempt from corporation taxes, capital or financial transactions. Any IBC can carry out its activities in any foreign currency free of the restrictions set by the government of Belize.
Main uses of an IBC registered in Belize:
The legislation of Belize provides a simple and rapid incorporation, since its modern and technologically efficient IBC registration system is able to incorporate a company in one hour.
The Belizean Trusts are governed by the Trusts Act of 1992, which was designed to incorporate modern and flexible provisions for assets protection. An appropriate configuration of a Belizean Trust cannot be ignored on the basis of the claims of creditors in another jurisdiction, or judicial order of a foreign court for divorce, bankruptcy etc.
The law foresees the creation of a Trust by means of an oral declaration, a written document (including a will), or in any other way. However, an investment fund can only be created by means of a written document. A land Trust located in Belize is not applicable, unless it is written down.
The registration of a trust is optional. Both, the Trustor and the Trustee can request it from the registrar. If registered, a certified copy of the instrument that creates the Trust (if there is one) must be submitted. The registration record is not open to inspection, unless the fiduciary authorizes (in writing) a third part individual to inspect the entry of that Trust in the registry. The maximum duration of a Trust under the law of Belize is 120 years from the date of its creation. The income from the Trust can be accumulated during a period that does not exceed the maximum duration of the Trust.
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