News from Belize for Belize IBC

 

In 27th of March, 2019 a new legislation was passed in Belize that now requires all International Business Companies to have Physical Presence in Belize except for companies that are Holding Companies.  

 

Kindly get attention that the legislation took effect on the 1st of April, 2019. 

 

The basic outline of the legislation is that all IBCs must have physical presence in Belize except for companies which are holding companies. The definition for Holding companies is outline in the legislation. 

 

Companies can achieve physical presence in 1 of 2 ways as follows:

  • By having a physical office in Belize with staff etc or;
  • Via Managing Agent. 

 

While the requirement for a Managing Agent is that the agent must obtain a license from the International Financial Services Commission.

 

For more information, please contact us through our hotline: +84 911 60 22 44 (multi line)

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