Belize IBCs banned to be holding companies
It is not very surprising that Belize continues to shoot itself in the foot. It probably shows that this jurisdiction is just after your money (and they do not care about serving you). In two regulations (dated 2018 and 2019), the government has banned:
- all IBCs from holding Intellectual Property (!)
- all IBCs from being holding companies (holding shares of other companies).
Penalty is: US$25,000 for the first offence, and US$100,000 for any subsequent one.
If your IBC is a shareholder of any other company in the world: you are committing an offence.
If you want to re-domicile your Belize IBC: contact us.