Belize: Central American Accessibility with Offshore Heritage

Belize, Central America's only English-speaking country, combines Caribbean character with straightforward offshore company registration. The jurisdiction offers accessible business setup for international structures while maintaining its appeal as a retirement and tourism destination.

Living in Belize

With a population of 420,000, Belize offers a relaxed lifestyle with diverse environments from beaches to rainforest. English is the official language, simplifying communication for international residents. The Caribbean coast provides resort-style living, while the interior offers eco-tourism and agricultural landscapes.

Healthcare is basic, with serious cases requiring travel to Guatemala or Mexico. The tropical climate includes a hurricane risk zone. Safety varies by location, with some areas experiencing higher crime rates. The cost of living is moderate, with imported goods more expensive.

The Qualified Retired Persons program has attracted retirees seeking tax-efficient relocation with English-language comfort.

Doing Business in Belize

International Business Companies (IBCs) face no corporate tax, income tax, or capital gains tax on non-Belize income. Domestic companies face business tax of 1.75% on gross revenues. There is no VAT, though general sales tax applies to some goods.

Belize uses the Belize dollar pegged to the US dollar at 2:1. The jurisdiction maintains tax information exchange agreements but preserves privacy for legitimate structures. The financial services sector is regulated by the Financial Services Commission.

Company Formation and Registration

Company registration for IBCs is rapid, often completing within 24 hours. Requirements include one shareholder and one director minimum, who may be the same person. Foreign ownership is unrestricted. No minimum capital requirement applies.

Bearer shares have been immobilized but not entirely eliminated. Annual requirements are minimal—license fee payment and maintenance of registered agent. Nominee services are available. IBCs cannot conduct business within Belize.

Crypto License Opportunities

Belize has not developed a specific crypto license framework. Digital asset businesses may operate under general IBC structures for international activities. The regulatory approach is permissive rather than comprehensive.

Entrepreneurs seeking regulated crypto operations typically look to jurisdictions with developed frameworks, though Belize IBCs may serve as holding or operational vehicles within larger structures.

Gambling License Framework

Online gambling licensing existed historically but the framework has not been actively promoted. The small domestic market and limited regulatory resources mean gambling license seekers typically choose more established gaming jurisdictions.

Considerations

Banking access presents challenges, with local banks cautious about serving offshore structures. International banking relationships are essential for most operations. The small professional services sector limits options for complex matters.

Infrastructure outside tourist areas may be limited. Geographic accessibility is reasonable with flights to US hubs. Hurricane exposure requires business continuity planning.

Belize suits simple holding structures, asset protection planning, and businesses comfortable with a smaller jurisdiction for their business setup.