Panama City

Edificio Sucre Arias & Reyes Avenida Ricardo Arango y Calle 61, Obarrio Panamá, República de Panamá
Phone: +507 204 7900
Email: sucre@sucre.net

Contact us +507 204 7900 / Email sucre@sucre.net

Belize is located west of Guatemala and 75 kilometers (47 miles) from Honduras in the northeastern part of Central America. It is a sovereign country that was part of the English Crown since 1862 and reached independence in 1981. It has a population of around 383,000 inhabitants and its largest commercial center is the city of Belize. The official language is English; however, Spanish is widely used. The legal currency is the Belizean dollar (BZ$), which fixed exchange rate to the US dollar is approximately BZ$ 2.00 per dollar (USD$ 1.00).

Belize has a long history of peace, political stability and democracy. Its political system is based on the model of British parliamentary monarchy of Westminster. The executive authority is exercised by the Cabinet, under the leadership of the prime minister. It enjoys the separation of the three powers: the Executive, the Legislative and the Judicial. The law in Belize is based on Anglo-Saxon Common Law and is complemented by local legislation.

Important aspects

The International Business Companies (IBC) Act of 1990 regulates companies and is based on the model of the old BVI law.

These companies may be incorporated in any language, as long as the English version is provided.

Belize allows migration to other jurisdictions and vice versa.

They are exempt from all local taxes, including stamps.

There are no funds controls for these companies.

Registration requirements offer a high level of confidentiality.

Annual meetings of directors or shareholders can be held anywhere in the world and at any time; they can be held in person, by proxy, by phone or by any electronic means.

Our expert lawyers in public limited companies in Panama in Belize advise you on the protection of your investments.