Posts Tagged ‘corporate banking’

Your Guide to Starting an Offshore Corporation

If you are interested in moving your corporation offshore or even starting a brand new business in an international location, you might be surprised to learn about the many benefits that this can bring. Some of the perks include potential tax reductions, which are a legal and simple way to increase profitability as well as greater privacy for your financial transactions and business investments. Getting started is similar to creating a domestic corporation, and you don’t need to be a local citizen or have residency in order to take advantage of the banking and corporate benefits of places like Belize.

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Opening a Business Banking Account in Belize

Having a business banking account in Belize can offer a number of advantages. Most people create offshore corporate accounts to take advantage of tax exemptions and high level of confidentiality. An IBC (International Business Company) refers to a private company that is not subject to taxes in its home country, is exempt from onerous reporting requirements and has several features in place to protect the privacy of its owners. The Belize International Business Companies Act of 1990 (amended and extended in 2000) regulates IBCs in Belize.

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