An IBC is for anyone who wants to engage in international trade or investments. It is also for those who want to hold assets or want to set up an offshore bank account. Today many businesses are planning to set up an IBC in Belize for asset protection and confidentiality.
There are many reasons why you should think to set up a Belize IBC. It allows you to conduct business without using your name, avoid paying local taxes, protect your assets, and maintain your privacy because shareholders and directors are not registered at the registry in Belize. You will have banking systems available for your Belize IBC, hold accounts in any currency and own vessels under the IBC name. The best part is you can set up Belize IBC within 24 hours.
Setting up an IBC in Belize also comes with a few limitations. You cannot engage in any business in the name of your IBC, within Belize. You cannot own real estate in Belize or cannot allow locals to hold shares in an IBC unless it is in a nominee capacity.
You can set up Belize IBC with the help of a service provider that deals in the industry of offshore company formation, high risk merchant processing, IBC formations and offshore jurisdiction.