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What are the benefits of an IBC

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What are the benefits of a Belize IBC (International Business Company)?:

 

  • Exemption from taxes on all income,

  • Exemption from taxes on all dividends, interests, rent, royalties, compensations and other amounts paid out,

  • Exemption from capital gains taxes on shares, debt obligations or other securities of an IBC held by non-residents,

  • No exchange control restrictions,

  • Shareholders and Directors meetings may be held in any country and may be attended by proxy,

  • No citizenship or residency requirements for directors, officers or shareholders,

  • Only one Shareholder /Subscriber required,

  • Only one Director required and this may be a corporation or trust,

  • Shares may be held by corporations or trusts,

  • Non-Disclosure Of Beneficial Owners,

  • Register of Shareholders is available for inspection only by shareholders or by order of the Belize Courts,

  • Bearer Shares Permitted,

  • Shares may be issued without par value; no minimum capital required,

  • No filing of annual accounting records required.

 

Last Updated ( Tuesday, 18 July 2006 21:00 )