Dla Przedsiębiorców Międzynarodowych
Belize started as a low cost jurisdiction in a highly international competitive market: the market of incorporating companies. This is one of those bad April fools. According to Belize Statutory Instrument No. 11 z 2016 – International Business Companies (Fees) Regulations 2016, the licence fee of Belize International Business Companies (IBCs) has been increased from US$100 to…
The State of Delaware makes US$16 billion out of corporate fees alone (2015 report). This is the GDP of Malta or Iceland. Despite this, it took them 3 months to process a regular corporate document sent to the Division of Corporations: from October 2016 to January 2017. If you want a faster proceeding you have to pay…
Most IBCs in Belize are probably illegal because of this: §73.(4) A company incorporated under this Act shall have a common seal and an imprint thereof shall be kept at the registered office of the company. (5) A company that wilfully contravenes this section is liable to a penalty of $25 for each day or…
It is a classic in philosophy, and even in some religious texts: “your biggest enemy is yourself“. For that matter the Seychelles fell on its own on the 26th July, 2016, in force since the 1st of November, 2016: Section 119 of the Act requires that: an IBC to make an annual declaration that the IBC…
It is sad to see that in the British Virgin Islands (BVI) you cannot search online for a company name… For this privilege you have to fill a form & pay US$30, send it by snail mail or email and wait for the answer back… Where are we? In this day & age when information…
The Botswana IFSC set up-up in 2003 is dead, today only a 5 pages website with completely outdated information is up. The IFSC death was already announced back in 2010 because South Africa restricted inward investments and is already a developed financial centre. The agencies that took over are: the BITC (Botwana Investment & Trade Centre) for…
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