Formerly known as British Honduras, Belize, located on the Central American coast is now an independent state (1981) and has responsibility for its own governance with executive power in the hands of the locally elected Prime Minister.
This stable and independent democracy has a judiciary which itself is independent of the executive and the legislative branches of government.
The courts still use the British Privy Council of the House of Lords as their final court of appeal. This expected to change soon to the newly established Caribbean Court of Justice which will replace the Privy Council in all the Caribbean states.
There is relatively easy access via international air carriers which provide direct service to Central America and the USA. The rest of the infrastructure required to support the economy is adequate particularly in the urban areas with good telephone, telex, fax and internet service.
Belize which was basically an agricultural economy has moved to diversify into the development of the tourism, manufacturing and financial services sectors. The Financial Services Sector is supported by legislation enacted by parliament to encourage investment in offshore companies (the IBC). Incorporation of a Belize offshore company allows investors to form a tax free company with legitimate global business and investment interests. Since the passage of the IBC Act, Belize has emerged as a global location for offshore company formation. In 2010, Belize introduced the Belize International Foundation Act, which now boarded the portfolio of offshore products. The private offshore foundation is a tax free entity with multi-purposes, such as asset and wealth protection, estate planning, among others.
The incorporation and foundation formation process is very straight forward. You can choose from a wide variety of Belize shelf companies which we offer or incorporate in Belize in 1 business day. Belize foundations can be formed in 3 days. Please choose corresponding menu on the left.