Key Facts: Belize
Introduction to Belize
Belize is a nation on the eastern coast of Central America, with Caribbean Sea shorelines to the east and dense jungle to the west. Offshore, the massive Belize Barrier Reef, dotted with hundreds of low-lying islands called cayes, hosts rich marine life.
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The capital is Belmopan and the largest city in Belize city, which is located on the eastern coast close to the major international airport. Belize has an area of 22,800 square kilometers.
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Population: The current population of Belize is 380,323 as of March 2018, based on the latest United Nations estimates.
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Official language: English is the main national language, although Belizean Creole is considered an unofficial native language. Over half the population is multilingual, with Spanish being the second most common spoken language.
BVI Business Companies
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Political Structure
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Belize is considered a Central American and Caribbean nation with strong ties to both the Latin American and Caribbean regions.
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It is a member of the Caribbean Community (CARICOM), the Community of Latin American and Caribbean States (CELAC), and the Central American Integration System (SICA), the only country to hold full membership in all three regional organizations.
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Belize is a parliamentary constitutional monarchy. The structure of government is based on the British parliamentary system, and the legal system is modeled on the common law of England. Belize is a Commonwealth realm, with Queen Elizabeth II as its monarch and head of state.
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Belize economic system
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A foreign corporation can continue as a BVIBC provided the laws of the jurisdiction of original incorporation expressly permit it to continue to another jurisdiction.
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Trade is important and the major trading partners are the United States, Mexico, the European Union, and Central America.
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Currency: Belize dollar (BZD)
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Financial services industry:
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Belize has a strong community of accounting firms, law firms, and several international banks, offering a variety of products particularly catered for international clients. Internet access is readily available through satellite, cable, and DSL.
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Belize has a favorable business environment, however there certain regulatory limitations. The professional infrastructure is reasonably good. Belize has a high reputation in terms of efficiency and low costs.
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The Financial Services Sector is supported by creative legislation enacted by parliament to encourage investment in offshore international enterprises or the Belizean IBC.
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Belize Incorporation of a Belize IBC under the International Business Companies Act of 1990 empowers investors to incorporate tax-free Belizean companies with legitimate global business and investment interests or aspirations. Incorporating in Belize is simple. Since the passage of the IBC Act, Belize has emerged as a global location for offshore company formation.