Belize | Economic substance reminder
Belize | Following our previous communication related to Economic Substance in Belize, we remind you that all IBCs must report their status in this regime on an annual basis through their Registered Agent to the Competent Authority, the Belize International Financial Services Commission (IFSC). The Economic Substance Act, 2019 (ES Act) was enacted in Belize on October 12, 2019, and came […]
Belize Economic substance
Belize economic substance | The economic substance Act, 2019 (ES Act) in Belize was enacted on October 12, 2019, and came into force on January 1, 2019. This act applies to legal entities which are incorporated or continued under the International Business Companies Act (Chapter 270) – i.e. IBCs. This legislation was introduced to address the concerns expressed by […]
