Why Investors Should Setup Business in Belize?
What is it about independent Commonwealth nation that makes it such an attractive business destination for investors who want to setup business in Belize? Located on the eastern cost of Central America, Belize is a country that shares its borders with Mexico in the north, Guatemala in the South and the Caribbean Sea in the east.
But it’s strategic location is not the only thing that is attracting international investors towards it shores, as Belize is considered as one of the most favorable countries in the region for international business, and here are the reasons why:
Simple Company Formation
Just what every investor wants to hear when they think about why they should setup business in Belize – the company formation process is fairly simple. Take the number of shareholders and directors, for example. You need a minimum of one to form a company, but the number of shareholders can be unlimited in a Belize company formation. These directors and shareholders can be of any nationality and with the minimal capital of US$1, investors can begin the process to setup a business in Belize.
The official business language is English too, which makes it significantly easier for investors to conduct their business dealings. This also means that any documents required for the registration and setup of IBC businesses in Belize must be supplied in English.
No Tax on Foreign-Sourced Income
In Belize, investors will be pleased to know that international business companies – which are also known as IBCs – that are registered in Belize itself are going to be free from being taxed the local corporate income. This means that their foreign-sourced income will be free from tax, which is great news. Even better news is that there is no capital gains tax in the country, no withholding tax on dividend distributions, and IBCs will not be required to make any interest payments.
The Available Incentives Offered
Another attractive option that entices international investors to setup a business in Belize is the availability of investment incentives that are available. The Fiscal Incentive Program for example, removes the custom duties so foreigners will not be subjected to these payments.
There are also no restrictions on foreign investors should they want to own their own real estate in Belize too, and real estate prices in Belize are among the most affordable prices within the Caribbean and the Central American region. On top of that, foreign investors can enjoy a 20-year tax holiday in addition to multiple operation incentives if they are under the Export Processing Zone program.