Investing in an offshore jurisdiction is one of the preferred moves that many businesses look forward to when it comes to gaining tax-exemption benefits. The offshore jurisdictions offer a wide range of flexibilities to the business owners to invest in different areas. One such zone is a foundation company, which is preferred in one of the top-most offshore locations-Belize!
The ground of Belize has been turning out to be a flourishing offshore investment decision that has been grabbing the eyes of international investors. With a feasible business environment and high-end tax benefits, the jurisdiction has become one of the top searched locations among the investors. Foundation company in Belize is one of the most opted combinations, and if you are looking to start an offshore company in Belize, this guide will be helpful to you.
A foundation can also be stated as a legal business entity incorporated after meeting the respective documents and procedures. In the complete system, different parties are involved, which includes:
A foundation company is generally used for the following reasons:
Also, it is worth noting that a foundation company in a tax-haven jurisdiction like Belize is recognized both under common and civil law jurisdiction.
Now, when it comes to holding assets, a foundation company can have the following types of assets:
When it comes to the registration of a Belize Foundation, it is to be taken care that a document named “Foundation Charter” needs to be prepared, for which the following essentials are to be submitted:
The Belize Foundation gets governed by Belize International Foundations Act 2010. The business entity gets established after the complete execution process of the Foundation Charter. Now, the incorporation process of a Belize Foundation involves the following:
The complete set of documents needs to undergo through the verification process in the relevant authorities desk. Upon clearance, the Foundation Charter gets prepared.
To know more about offshore foundations, have a look at our latest guide on Belize Private Foundation Company.
In a nutshell, we can say that the incorporation process of a foundation company in Belize turns out to be a straight-forward process, backed by the legal proceedings are carried out at ease. At Business Setup Worldwide, our business experts are well-versed with the complete company incorporation process and can assist you in clearing the legal steps. With years of industry experience, our business experts can provide tailored solutions suiting business needs, making us one of the top ten business consultants in Dubai.
If you are looking forward to taking the next steps, please have a word with our business advisors. Contact us today-we’d be glad to assist!