Benefits of Belize Company Formation

Jan. 26, 2010 - PRLog -- A company formed under the Belize Company Formation law derives many benefits, which are generally enjoyed by companies under special circumstances. The IBC Act under Belize Company Formation law gives such privileges under the normal circumstances to the companies registered under it some of which can be seen as follows -

http://www.cclogic.com/register-offshore-company-online/belize-company-formation.html

Taxation
As per Article 130 of the Belize International Business Companies Act, a company formed under this act is exempted from any tax or duty on income or profits. The benefit from such an exemption is that the rates create a very lucrative position for the owners of the company as far as financial matters are concerned. In such a case company earns massive profits without any type of liability levied on them.

Exemption from the payment of stamp duties
A Belize International Business Company is totally exempted from the payment of stamp duties. The Belize International Business Companies Act provides relief to the companies by way of exemption from all sorts of stamp duties on matters relating to financial instruments related to the transfer of any property; all instruments related to dealings with respect to shares, and all those instruments that in any way relate to the assets or functioning of a company.

Minimum Capital Requirement
Another major benefit that an IBC company under Belize company formation law derives is that there is no prescribed minimum paid-up capital or authorized capital and the owners can mention any amount in the incorporation documents. This means that a company under IBC Act can be incorporated with only nominal equity. All said and done, the paid-up capital structure of a Belize International Business Company is very flexible and can be adapted to all kinds of business needs and special circumstances. This capital amount can be of any currency, though the most used is the US dollar. Again, a minimum number of shares or complete paid-up authorized capital is not necessary.
No necessity to produce Annual Financial Statements

A company under Belize company formation IBC Act does not need to submit its financial records mandatorily. Though in normal course it is a primary requirement for any company to maintain and submit its annual financial records but with the Belize International Business Companies Act, there is no such restriction. While IBC act favors no mandatory submission of reporting annual financial statements but it is duely necessary to share all other detailed information required to register the company.

http://www.cclogic.com/register-offshore-company-online/b...

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