Ambatchmasterpublisher, here is an interesting article…
Belize is considered to be one of the most popular tax-free haven countries and is perfect for individuals, or businesses, to set up any type of tax planning or international investments.
In order to incorporate in Belize, a Belize Registered Agent will deliver what is called the Memorandum of Association to the government registry office along with the required fees. To obtain approval for your IBC Company, you are required to submit three possible corporate names in order of preference and incorporation can be achieved within 72 hours.
When looking to select an incorporation name, the only real name restrictions are a name that is similar to, or identical to, an existing company. There are restrictions to well known companies incorporated elsewhere that have names that indicate government patronage. If you are looking at possible names for incorporation, you can use names that are expressed in any language using the Latin alphabet, but the Registrar may request you to supply a Spanish or English translation.
There are also certain names that require prior consent or a license to use, and are generally not permitted to be used if they are associated with an activity. These include: bank, building society, savings, insurance, assurance, reinsurance, fund management, investment fund, trust or their foreign language equivalents.
For the directorship of your licensed corporation, you are only required to have a minimum of one director and you can have as many corporate directors as you wish. The details of any directorships will never appear on public record.
It is important to note that although you’re doing business offshore in the jurisdiction of Belize, you are still required to act in accordance with your own local tax laws.
The costs involved in incorporating in Belize when looking at an incorporation package normally include:
- Offshore company incorporation fee
- Post incorporation structure fee
- Initial licensing fee
- Disbursements
- Annual statutory fee
- Annual compliance fee
- Annual license fee
By utilizing an incorporation package, you are ensured that the incorporation is set up properly and to do so as seamlessly as possible.
Upon setting up an offshore bank account under the Belize IBC you will benefit from confidential banking in a tax-free setting.
Merchant accounts can also be set up as part of the account setup. Some of the benefits of setting up the offshore account bundled with high risk merchant accounts include:
- The ability to accept all major credit cards, thus allowing your clients maximum flexibility and in return you turn higher profits.
- You can integrate a confidential banking payment gateway into your web site, providing your customers with a means of purchasing and paying with credit cards in very little time, privately.
Setting up a corporation in Belize is profitable and ensures you are saving your money for much more important purposes rather than giving it all away to the government in the form of corporate taxes.
Richard Price is the publisher of http://www.confidentialbanking.com, a resource and service for those seeking offshore banking services, and http://www.confidentialbanking.co.uk, offshore banking services for UK citizens.
Article Source: http://EzineArticles.com/?expert=Richard_Price
