Company Administration Guidelines

Share Capital:

  • The minimum paid in and issued in capital may be one share which is fully paid
  • Shares may be issued with or without par value
  • Shares may be issued in bearer form and transferable by delivery (adding to the confidentiality) and may be issued in any currency
  • Shares may be paid up through the transfer
  • Only one shareholder is required, does not need to be a local and can be an individual or corporate body
  • A director and shareholder may be the same person
  • May use a nominee to protect privacy

Directors:

  • Only one director required, does not need to be a local and can be an individual or a corporate body
  • A director and shareholder may be the same person
  • May use a nominee to protect privacy

Restrictions on Name & Activity:

  • A Belize IBC is restricted from doing business with Belize residents or Belize Corporations
  • The name of the company must contain one of the following; Limited, Ltd, Corporation, Incorporated, Society Anonyme

Local Requirements:

  • A Belize IBC must have a registered office in Belize. Eltoma can provide a registered office
  • Is permitted to maintain a staff and conduct business incidental to its existence if required but must actively engage in business in Belize
  • There is no requirement for a secretary in Belize
  • There is no requirement for shareholders and directors meetings

Confidentiality:

  • The documents for Belize Offshore Incorporation do not carry the name or identity of the beneficial director or shareholder. The names of the beneficial owners do not appear on public record
  • Nominee directors and shareholders are permitted to ensure confidentiality

Timescale:

  • The approximate timescale for company incorporation is 5 days

Take the next step, we are here to help.

Register a Belize company.
Open a Belize bank account.

  Resources:

Cyprus Variable Capital Companies: AIFs

Cyprus Variable Capital Companies: AIFs

There are two types of Variable Capital Companies in Cyprus; UCITS and AIFS. Read on to find out more about Alternative Investment Funds.

Cyprus Variable Capital Companies: Open-Type UCITS

Cyprus Variable Capital Companies: Open-Type UCITS

There are two types of VCCs in Cyprus; UCITS which we will discuss in the following article, and AIFS.

 

Protection of Nominee Directors from IRD claims for Cyprus client companies

Legislation re Cyprus Tax Residency:

 

Cyprus Company Law: Responsibility of Directors for the non-payment of taxes

A Company Director, in a company incorporated under the laws of the Republic of Cyprus, may be found liable by the Inland Revenue or Customs & Excise with regarding tax related issues. As per the legislation, the Inland Revenue or Customs & Excise may personally prosecute the Company Directors who are involved in any taxation offence(s) or related financial matters.

Inward re-domiciliation: changes to the Singapore Companies Act allowing foreign firms to re-domicile to Singapore

Inward re-domiciliation: changes to the Singapore Companies Act allowing foreign firms to re-domicile to Singapore

In order to ensure that the regulatory regime of Singapore continues to be robust, relevant and in line with international norms, on the 30th of March 2017, the Companies (Amendment) Act 2017 of Singapore was gazetted. Among the number of amendments to the Companies Act, the provisions for the inward re-domiliation regime are arguably the most important in further boosting Singapore’s character as a business hub.

Inward re-domiciliation: Key changes to the Singapore Companies Act make company relocation to Singapore easier than ever

Inward re-domiciliation: Key changes to the Singapore Companies Act make company relocation to Singapore easier than ever

Last March, the Singapore Government amended the Singapore Companies Act 2017 which introduced an inward re-domicile (or relocation) regime in an effort to boost Singapore’s attractiveness as a business hub.

Cryptocurrencies: technical and legal overview

Cryptocurrencies: technical and legal overview

In this article, we will try to succinctly describe the technical and legal characteristics of Cryptocurrencies. The understanding of Cryptocurrencies is crucial for today’s modern payment services and investment opportunities around the world. We have seen the increasing importance that this topic has acquired in the last few months and the rise of the price of the most popular type of Cryptocurrency, the Bitcoin, from $0.06 cents of a dollar in 2010 to $5,518.85 by the 25th of October, 2017.[1]

The Belize IBC Amendment Act 2017: 3 notable changes for businesses

The Belize IBC Amendment Act 2017: 3 notable changes for businesses

Belize has amended its International Business Companies Act. These changes were to maintain its financial services industry in the increasingly regulated international market & meet the OECD white list requirements.