The IBC Act was created to implement competitive offshore legislation for Belize IBCs and amended into law in 1990. The IBC Act was benificial in representing changes that were required to cater efficient Belize offshore services.
Under normal situations, incorporating your company in Belize is very efficient; incorporation can be accomplished in a few working days.
 - Shareholder(s) and director(s) are not required to be appointed locally
- A natural person or a corporate body can hold shareholder(s) and director(s) positions
- The same person may be appointed as both shareholder(s) and director(s)
- Only one shareholder or director is required for the company structure
- A secretary resident or otherwise is not required
The names and/or identities of shareholder(s) and/or director(s) do not appear on any public record, nor is included in documents for Belize offshore incorporation.
Nominee services of shareholder(s) and/or director(s) are able to ensure confidentiality.Shares and capital requirements: - As per directors' decision, the register of shares of Belize corporations must be (a)kept current/up to date and (b)available for inspection by the shareholders
- Shares may be issued with/without par value
- Shares are not required to be issued in Belizea currency; any recognizable currency may be issued
- Shares may be paid up in cash or through the transfer of other assets or for other consideration
- The bearer shares may be issued
Standard capital of shares is $50,000USD or equivalent in other recognizable currencies 
The minimum paid-in and issued-capital may be one share, fully paidShareholder(s) and director(s) meetings: - Shareholder(s) and/or director(s) are not required to hold meetings
- Meetings for shareholder(s) and/or director(s) can be conducted via telephone or other electronic means of verbal communication
- Meetings may be conducted from anywhere in the world
Offshore companies are exempted from all taxes and stamp duties, according to the IBC Act.
If the shareholder(s), director(s) or officers decide to maintain IBC records and accounts, which are not required to be held or filed with authorities, they may be held anywhere in the world.
Annual financial records/statements and other records: - Belize IBCs do not require the holding of financial statements, accounts or records
- If shareholder(s), director(s) or officers find it desirable these records/statements may be held anywhere in the world
Business with Belizean residents or Belize corporations are restricted for Belize IBC except where:
- It makes or maintains professional contact with barristers, bookkeepers, accountants, management or secretarial companies, solicitors, investment advisors, trust companies, or other similar persons/entities conducting business within Belize
- It prepares and/or maintains books/records within Belize (if it so desires)
- It holds meetings of its directors or members in Belize (if it so desires)
- It holds a lease on property to be used as an office where books/records are prepared/maintained of from which to communicate with members (if it so desires)
- It holds shares, debt obligations or (other) securities in a Belize IBC or other local Belizean incorporation
- Shares, debt obligations or other securities (of the Belize IBC) are possessed by any resident or locally incoporated company in Belize (including Belizean IBC)
The only restrictions which require a special license are with bank, insurance or trust businesses. Otherwise, Belizean IBCs may carry on any legitimate business and investment activity whatsoever without restriction.
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