June 2012 There are some IBCs with certain business activities that will require licensing from the International Financial Services Commission in order to operate. The business activities that require license are as follow: • Formation or management of international business companies or other offshore entities • Formation or management of international trusts and the provision of [...]Continue Reading →
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June 2012 What is a Belize International Foundation? A Belize International Foundation is a hybrid between a trust and a company. It is recognized in the civil law jurisdiction and in common law jurisdiction. It replicates in a common law jurisdiction like Belize, the essential characteristics of a civil law foundation while avoiding unnecessary complications. It is hoped [...]Continue Reading →
June 2012 SHIP REGISTRATION SERVICES UNDER THE BELIZE ADMINISTRATION: The International Merchant Marine Registry of Belize, commonly known by its acronym of IMMARBE, is a department within the Attorney General’s Ministry, established under Section 3 of the Registration of Merchant Ships Act of 1989 as an open shipping Registry with the intention of offering to the ship owners and [...]Continue Reading →
June 2012 What is a Trust? A Trust is an arrangement whereby assets are managed by one person or organization for the benefit of another. A trust is created by a settlor, who entrusts some or all of their assets to people of their choice (known as Trustee). The trustees hold legal title to the trust property, [...]Continue Reading →