Belize is the only country in Central America without a coastline on the Pacific Ocean and the only one in the region with English as its official language. The country is located between Guatemala to the west and south and Mexico to the north. Stable political and economic climate under democratic rule, Belize is a land of opportunity for the international investor. Unlike any other place in Central to South America, English is the official language of Belize.
Advantages for the foreign investors:
Recent amendments in accounting records have been announced from Belize.
Belize has amended its law in order to comply with the criteria set out by the Organization for Economic Co-operation and Development (OECD).
Further to the amendments it is a statutory requirement for an offshore company to retain accounting records that reflect its financial position. The company’s accounting records can be kept in any place or country chosen by the director (including the registered office). If the Director chooses to keep the accounting records in other place than the registered office, the Director is obliged to inform the registered agent in writing in regards to the location of the company’s accounting records.
In the incidence of failure to provide us with the accounting records of each year the Company’ directors, shareholders and the company itself are exposed to the convictions anticipated by the relevant laws of the jurisdiction