Offshore Company Formation – Belize
Economy of Belize
Overview
Belize’s economy is an essentially private enterprise economy. Belize has a small economy. Belize has tourism, agriculture and services sector to support its economy.
Belize is now looking towards the new avenue of cultivation of newly discovered oil. This discovery of oil was made in the town of Spanish Lookout.
Belize is a developing nation that is facing many problems and is having new prospects towards development of a national economy.
Economy of Belize
Belize is a country that is exporting certain merchandise to the other countries, in the world. Belize exports sugar, banana and citrus fruits to the other countries. This export also contributes considerably in Belize’s economy.
Belize is currently an economy with regularly growing trade deficit. The main reason of this trade deficit is the low price of sugar and bananas in the outer world market.
The recent government of Belize has a huge task of stabilising the country’s economy. Though Government has promised rapid collection of taxes to generate fund, for improving the national economy, the implementation part has lot more to be done.
The increasing expenses in the governance, with poor collection of funds may result in putting the exchange rate of the local currency under huge pressure. The Belize dollar has been fixed at an exchange ratio with the US dollar at the rate of 2:1.
The economy of Belize is also negatively affected by its small domestic market. The manufacturing sector is facing the problems of high cost labour and high cost power supply. This has made local manufacturing and trading a negatively growing business in Belize.
Currently, the economy of Belize is dependent on the tourism industry. The foreign tourist influx to Belize also invites foreign direct investments in Belize. Significant foreign investments have also been made in the sectors of energy, telecommunications and agriculture, in Belize.
Why form an offshore company in Belize?
Belize is very well situated in between North America and South America. Apart from being a hotspot for beach holidays, it is also one of the tax havens in the world. Belize IBCs are also commonly used for the ownership of real estate property and land; for ownership of intellectual property licensing and franchising; personal service by individuals working overseas and offshore e-business. These are just some examples. The Belize IBC may be used in many other ways to save on taxes.
Basic Incorporation Package
Form your offshore company anywhere in the world within a week. No hidden price, no extra charges
With this package, we will provide you with a compulsory registered office address and dedicated account manager to handle all your queries. Also all the compulsory government fees would be paid up when the incorporation process takes place.
In addition to this, we will provide you with the documents necessary to incorporate a company – certificate of incorporation, appointment of directors, share certificates, company seal memorandum and articles of association.
Advanced Incorporation Package
This package will also include banking solutions and assure full confidentiality of your identity in addition to the full services of our Basic Incorporation Package.
We will provide you with a bank account and also with professional resident director and resident shareholder. This will help you in case you do not want your names to be displayed publicly. The Nominee director will act on your behalf by signing contracts, MoU’s and other documents related to your business.
All these will be provided in addition to company incorporation, registered address and other services included in the Basic Incorporation Package.
Professional Backed Package
This package will take care of the ever changing intergovernmental agreements which are being exercised by most of the countries.
More and more countries are signing up to international trade agreements which means more robust process. The benefit of our package is that it will facilitate your business through the help of qualified accountants, directors, international lawyers, tax advisors and investment advisors. It will ensure that your business runs smoothly and with full privacy and confidentiality.
Customized Package
Customize as per your requirements – whenever and wherever required.
Select what all services you require in what all jurisdiction. You can upgrade the services anytime you want. Choose from a wide range of professional services in addition to the type of company and bank account you want to set up. With the ever changing laws, you can ask our domain experts to guide you through the right direction.
Benefits of Forming an Offshore Company in Belize
- 0% tax on income, capital and corporate
- Zero sales tax
- 24x7 banking support
- You can use Nominee Directors to remain confidential
- Local agent not required for the position of Director
- Incorporate a company within 48 hours
- Filing annual returns not required
- Require only one director and one shareholder