International Business Companies Act


The State’s Secret: Belize’s Money Laundering Regime

By Grace Kranstover and Ragini Chatterjee Nestled on the northeastern coast of Central America, Belize is often named one of Central America’s most beautiful vacation destinations. With its ornate coral reefs and rainforest, the small English-speaking country has plenty to offer for tourists looking for tropical adventures. Yet, Belize is rapidly becoming known to the international community for attracting many drug trafficking organizations known for transporting marijuana and cocaine into North America. Since the country’s currency is conveniently pegged to the U.S. dollar, Belize also offers nonresidents the opportunity to run offshore accounts. Money laundering has become a prime form […]


Belizean Company aiming for Tanzania Gold

First off let me say that with the recent “get rich quick” schemes that have been popping up around Belize, this one smells like one of them from the start. I may be wrong but. Kilimanjaro Capital (KIMJF), a “new breed” natural resource company based in Belize, is looking to acquire an interest in Tanzanian gold assets controlled by Sika Resources Inc., a Canadian company. In a press release issued Friday morning, Kilimanjaro Capital announced an agreement in principle had been made with Sika Resources “to acquire an interest in world class gold assets in Tanzania.” Tanzania is the third […]


Belize – Fiscal Paradise with High Level of Confidentiality

ICO Services, the international company specialized in the formation of offshore companies and offshore banking, has recently expanded their services to the American business world by launching their service of setting up a company in Belize, the only fiscal paradise in Central and South America where English is the official language. This business extension means providing access to the multiple advantages of establishing an International Business Company (IBC) which includes a high level of confidentiality, exempt for all local taxes, no capital requirements and no foreign exchange control. An IBC is the most popular type of offshore corporation as it […]


Belize Political Assessment

Originally Released on 2013-02-13 00:00 GMT The Government of Belize (GOB) welcomes Foreign Direct Investment (FDI) although the investment climate has cooled over the past year. There is a number of disputes between U.S. and other foreign investors and various GOB agencies as well as new legislation that hampers the ability of investors to seek arbitration to resolve disputes. (DOS) The Belize Trade and Investment Development Service (BELTRAIDE) was established to serve as a one-stop-shop for export and investment assistance but bureaucratic red tape may still be encountered when seeking government fiscal incentives. (DOS) Government investment incentives include: Fiscal Incentives […]