LOW TAX COUNTRIES
Andorra
Anguilla
Antigua & Barbuda
Aruba
Australia
Bahamas
Barbados
Belize
Bermuda
British Virgin Islands
Cayman Islands
Cook Islands
Costa Rica
Cyprus
Dominica
Dominican Republic
Gibraltar
Hong Kong
Isle of Man
Jersey & Guernsey
Liechtenstein
Luxembourg
Malta
Mauritius
Panama
Singapore
St.kitts & Nevis
Switzerland
Turks & Caicos
Vanuatu
Index of Articles
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BELIZE
About Belize
In this small, essentially private-enterprise economy the tourism industry is the number one foreign exchange earner followed by marine products, citrus, cane sugar, bananas, and garments. The government's expansionary monetary and fiscal policies, initiated in September 1998, led to sturdy GDP growth averaging nearly 5% in 1999-2005
Belize, formerly known as British Honduras, is a small nation on the eastern coast of Central America on the Caribbean Sea bordered by Mexico to the northwest and Guatemala to the west and south. The country is a parliamentary democracy and constitutional monarchy which recognizes Queen Elizabeth II as Sovereign. The name is shared by the Belize River, Belize's longest river, and
Belize City, the former capital and largest city.
The only English-speaking country in Central America, Belize was a British colony for more than a century and was known as British Honduras until 1973. It became an independent nation in 1981. Belize is a member of the Caribbean Community (CARICOM) and the Sistema de Integración Centroamericana (SICA) and considers itself to be culturally both Caribbean and Central American.
Belize is the smallest (in terms of population) non-island sovereign state in the Americas
| Belize |
|
| Capital |
Belmopan
17°15′N 88°46′W |
| Largest City |
Belize City |
| Official languages |
English |
| Area |
22,966 km² (150th)
8,867 sq mi |
| Population
|
287,730 (179th) |
| GDP (PPP)
|
$2.098 billion (163rd) |
| per capita
|
$7,832 (77th) |
| Currency |
Belizean dollar (BZD) |
| Time zone |
Various (UTC-6) |
| Dialling code |
+501 |
BELIZE POLITICS
Belize is a parliamentary democracy and a member of the Commonwealth of Nations.
The primary executive organ of government is the cabinet, led by a prime minister who is head of government. Cabinet ministers are members of the majority political party in parliament and usually hold elected seats within it concurrent with their cabinet positions.
The bicameral Belizean parliament is the National Assembly, which consists of a government House of Representatives and a Senate. The 29 members of the House are popularly elected to a maximum 5-year term and introduce legislation affecting the development of Belize. The 12 members of the Senate are appointed by the Governor General. The Senate is headed by a president, who is selected by its members, and is responsible for debating and approving bills passed by the House.
Belize has modern and flexible legislation which allows for very cost effective and speedy incorporation and operation of companies formed under the International Business Companies Act of 1990. Government fees are only $100 capital duty and $100 annual fee for a minimal authorized capital company. Bearer and no-par-value shares are permitted and one director, who can also be the secretary may operate the company from any location.
There is no public register, no accounts or annual returns need to be filed, no exchange controls are applicable to International Business Companies and there are no double tax treaties. A registered office and agent must keep minimal records such as copies of the register of members (minimum one shareholder) and directors with an impression of the seal. Shelf companies are available and company names may not include "Imperial", "Bank" or "Insurance" without licenses
Belize is a full participating member of the Caribbean Community (CARICOM).
~ Books About Belize~
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