Belize
AI Agent Legal Status: undefined · Autonomy: low
Legal Framework
Belize is an established offshore financial center with International Business Company (IBC) legislation. The IFSC (International Financial Services Commission) regulates offshore entities. No specific AI or crypto legislation, but the offshore framework provides flexible structures. English common law system.
Key Laws & Regulations
- ◆International Business Companies Act
- ◆IFSC Act - International Financial Services Commission
- ◆Electronic Transactions Act
- ◆Money Laundering and Terrorism Prevention Act
Business Formation
International Business Companies (IBCs) are the primary structure for offshore operations — easy formation, minimal reporting, no local tax on foreign income. LLCs also available. IFSC licenses for financial services. English common law system familiar to international investors.
Tax Implications
IBCs exempt from all local taxes on foreign-source income. No capital gains tax for IBCs. No withholding tax on dividends, interest, or royalties for IBCs. Domestic companies taxed at 25%. VAT at 12.5%. Belize dollar pegged to USD at 2:1.
Opportunities
IBC structure suitable for holding AI-related intellectual property. Tax-free offshore operations. English common law system. Proximity to US market. Potential to develop digital asset-specific IBC provisions.
Highlights
Established offshore financial center with IBC framework. English-speaking with common law system. Tax-free IBCs for international operations. IFSC regulatory framework. BZD pegged to USD.
Risks & Challenges
International pressure on offshore financial centers increasing. CRS and FATCA compliance requirements. Small economy and limited local infrastructure. Vulnerability to natural disasters. Limited tech talent pool.