Public Investment Company
A Public Investment Company (PIC) that is registered under the International Business Companies act is allowed to do business in Belize while simultaneously enjoying the benefits of complete exemption from taxes and duties for a period up to thirty years.
The main requirement for a company to be registered as a PIC company is that it must have a very high capitalization and its shares must be traded on one of the major stock exchanges.
Features of an Belize PIC Company
|
Net Tangible Asset |
Company must have a net tangible asset no less than USD$2,500,000.00 (or such higher amount as the Minister may by regulations specify) |
|
Gross Tangible Asset |
Company must have gross tangible asset value of not less than USD$25,000,000.00 (or such amount as the Minister may by regulations specify) |
|
Shares |
Company shares must be listed, quoted or otherwise dealt in an Approve Stock Exchange and its share should be so listed, quoted or otherwise dealt in within 24 months |
|
Taxation |
Company shall be exempted from all forms of taxes and duties whether computed on revenue, profit or income of any kind or by reference to any capital asset gain or appreciation |
|
Time to Formation |
30 days |
|
Minimum Shareholder |
No less than 500 Bona Fide shareholders |
|
Minimum Director |
Minimum of 1 director |
|
Property |
Company may own property situated in Belize |
|
Exchange Control |
US Dollars |
|
Company Life |
Have a Duration of 30 years or less |
For further information please fill in the Offshore Company Request Form.