A new economic stimulus package for Belize is only the latest of several; longer term reasons that investors and managers should be looking to Belize as an offshore company destination, say Zetland Corporate Services.
(1888PressRelease) April 23, 2009 - The Belizean Prime Minister recently unveiled a $200 million renewal plan for the country, making it an even more attractive prospect for offshore company incorporation and investment, according to Zetland Fiduciary Group.
Unlike Western packages which have distributed large amounts of tax-free cash to the general population, Belize's package is focused on longer term development projects, tourism, urban renewal and to facilitate student and business loans.
However, the package is just the icing on a much sweeter cake, according to Zetland Corporate Services. "Belize is the only country in Central America where English is the official language, and has the lowest population density in the world", said Jason Weatherhead of Zetland. "The legal system is closely based on those in the West, telecoms and infrastructures are excellent and it has easy access to the US", he continued.
Some other benefits of incorporatin a company or investing in Belize, according to Zetland, are:
• IBCs are exempt from paying tax on its worldwide profits in Belize
• Strict confidentiality laws applying to government officials, bank employees and trustee companies
• No minimum for shares, and shares can be in any currency
• Only one shareholder and director are required, and these can be nominees
• Financial records must be maintained, but there are no audit requirements
• Tax returns are not required
Belize is also positioned favorably with regard to time zones, operating on US Central time. Many established Belizean firms are also quite comfortable doing business with US firms and the Belizean dollar is linked to the US dollar at a ratio of 2:1.
"The stimulus package is only the icing on the cake for company incorporators and investors, said Mr Weatherhead.
About Zetland Corporate Services:
The Zetland Financial Group - http://www.zetland.biz - provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.