Belize is a country with many attractions. Belize offers the visitor numerous historical sites and things to do in its Mayan ruins, caves, pristine beaches, towns and entertainment spots. Belize attractions/hotels are the fuel of Belize travel and tourism sector, creating employment in numerous fields and promoting infrastructural development.
Belize is a famous offshore jurisdiction, that offers Belize company formation and Belize trust services. Our partners can also offer offshore corporations from other established tax havens. UK companies for non-residents and we can recommend company formation agents in UK. Second passport programs now offered, such as Dominica economic citizenship and more popular St. Kitts citizenship-by-investment program.
Belize hotels/attractions offer an array of climate, ambiance, price and location options. Belize hotels/attractions appeal to people from all walks of life and cater to budgets and personal preferences of all types. Nature lovers can find satisfaction in econ friendly Belize hotels and resorts, intimate camping sites, forest cabins and beach homes, while others visitors are free to choose from a line of quaint guest houses, luxury hotels and vacation homes. Belize attractions/ hotels can be found in every part, providing friendly hospitality and great Belizean dishes, entertainment and a glimpse of Belizean art and culture.
One of the most important attractions in Belize has been the Barrier, home to one of the most diverse marine ecosystems on this planet, putting forward several hundreds of invertebrate species, at least 36 species of soft coral, 70 species of hard coral and more than 500 fish species. These figures represent a mere 10% of the total number of species found in the Belize Barrier Reef.
The barrier reef has luckily been shielded by an expansive Barrier Reef Reserve System which covers a roughly 960 km², comprising 450 cayes, 7 marine reserves and 3 atolls, among which are found Hol Chan Marine Reserve, the Great Blue Hole, Glover’s Reef Marine Reserve, Ambergris Caye, St. George’s Caye, Northen Caye and Half Caye Natural Monument. The Belize Barrier Reef and its surrounding cayes, atolls and marine reserves were named a World Heritage in 1996.
Like many of the world’s natural wonders and habitats, it is not without challenge that the Government of Belize and conservation groups have fought to pursue conservation measures to protect the Barrier Reef Belize and its surroundings. Oceanic pollution, shipping, fishing and tourism, though an integral and much needed part of the economies of Belize and surrounding countries, continue to pose a threat to the Barrier Reef and the overall marine ecosystem. Sadly, to date, about 40% of the Barrier Reef in Belize has been negatively affected by the high temperatures brought on by global warming, resulting in the death of corals due to bleaching (coral bleaching/discoloration) of the Belize Barrier Reef and other reef systems.
Belize offshore companies are international business companies that are exempted from paying taxes in Belize. Offshore companies are useful in many ways if looking for privacy, asset protection and a vehicle for conducting trade globally. Belize offshore companies are regulated in accordance with international standards.
A Belize offshore company conducts its business only outside of Belize with individuals and corporations that are based internationally. However, it is possible for a Belize company offshore to own a Belize offshore bank account since offshore banking is specifically designed to cater to overseas based businesses and individuals. Additionally, Belize companies offshore can correspond with local lawyers, accountants, bankers and other professionals whom they need to consult on various matters. It is not permitted that a Belize IBC (offshore company) owns or holds interest in real property situated in Belize, but a lease can be obtained for property for use as an office, managing the offshore company’s overseas operations, holding meetings, filing records and preparing accounts.
Offshore companies Belize can be formed by a single (one) person. Both legal entities and individuals are able to incorporate in Belize. Among the persons forming the company, there must be a director(s) and shareholder(s). If formed by one person (legal or natural), that same person can be director and shareholder at the same time. Directors, officers and other shareholders can be added to the company at any later date but the Registrar must be notified through the registered agent of the Belize offshore company.
Belize offshore trusts are another type of offshore entity that can be used for lowering taxes through deferral and shielding assets from threats posed by certain risks such as litigation, bankruptcy and creditor claims. A Belize offshore trust is a legal agreement between a trustee and settlor for the purpose of administering the assets transferred to the offshore trust Belize in the interest of the beneficiary or beneficiaries.
An offshore trust Belize can be used along with an offshore company as a strategy to protect assets. Since offshore trusts are merely agreements (but due to their structure and uses are generally categorized as legal entities) and not legal persons (such a corporation) and resultantly cannot be used as a company for commercial activities, an offshore company/Belize IBC can be used in conjunction with the offshore trust to conduct business, generate income and then have it transferred to the offshore trust. If this is done, the relevant legal amendments would have to be made since there would be an increase from the initial value or type of the trust estate. Solid offshore tax planning and asset management assistance can be obtained in or outside Belize for Belize offshore companies and international trusts.