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GENERAL INFORMATION
INTRODUCTION
Belize was formerly called British Honduras and
is an independent democratic Commonwealth country
located on the Caribbean seaboard of Central America.
Since independence from Britain in 1981, it has
enjoyed a stable and democratic Government.
The administrative capital is Belmopan, but the
major commercial centre is Belize City, which
is located on the eastern coast close to the major
international airport. The total population of
Belize is around 300,000 of which some 60,000
live in Belize City.
LANGUAGE
The official and spoken language is English.
TYPE OF LAW
Common Law. Based on English Company Law.
COMPANY INFORMATION
TYPE OF COMPANY FOR INTERNATIONAL TRADE AND
INVESTMENT
International Business Company (IBC)
TIME TO INCORPORATE
One Day, but allow Seven working days for receipt
of documentation.
RESTRICTIONS ON NAME AND ACTIVITY
Names must end with one of the following words,
or abbreviations thereof - Limited, Corporation,
Incorporated, Societe Anonyme or Sociedad Anonima.
The following words, and their associated activities,
cannot be used: Assurance, Bank, Building Society,
Chamber of Commerce, Chartered, Cooperative, Imperial,
Insurance, Municipal and Royal.
CLASSES OF SHARES PERMITTED
Registered shares, bearer shares, shares of no
par value, preference shares, redeemable shares
and shares with or without voting rights
DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
No.
LICENCE FEES
Companies with an authorised capital up to US$
50,000 pay the sum of US$ 100 per year.
Companies with a share capital over US$ 50,001
pay the sum of US$ 1,000 per year.
Companies, which have some or all of their shares
with no par value, pay the sum of US$ 350 per
year.
FINANCIAL STATEMENT REQUIREMENTS
Whilst there is no requirement to file annual
audited accounts with the authorities, a company
is required to keep financial records, which reflect
the financial position of a company.
Whilst every effort has been made to ensure
that the details contained herein are correct
and up-to-date, it does not constitute legal or
other professional advice. We do not accept any
responsibility, legal or otherwise, for any error
or omission.
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