For anyone who may be considering moving their assets offshore, here is a quick and dirty synopsis of what the Caribbean country of Belize has to offer:
It’s a tax haven

Belize is an independent country and a tax haven. Belize has no income, capitol gains, corporate, estate, profits, sales, value added, gift, or inheritance taxes. On top of this, Belize has no taxation agreements with any other countries and, best of all, there is no tax treaty between Belize and the United States.

In a statement taken from a recently publication printed by the government of Belize, it states that “Tax evasion is not illegal in Belize, since we do not have income, capital, gains, or inheritance taxes. Tax evasion is not considered suitable grounds for ordering access to information about an account.”
Bank Secrecy
Belize banks are more secretive then Switzerland’s.
Major Financial Center

Belize is rapidly becoming one of the largest offshore financial centers in Central America.

Language and Law

The official language of Belize is English, while English common law prevails, as amended by local statutes.
Stability
Belize is one of the most politically stable countries in Central America.

Accessibility

Belize can be reached by air from airline connections with North America, South America and Europe. There are excellent worldwide telephone and facsimile services. Telephone calls to and from Belize can be dialed directly.

Retirement Haven

Belize has spotlessly clean beaches and a balmy year round temperature of 72 degrees, and an affordable standard of living, thereby making it a delightful place to visit, whether on business or pleasure, or to retire.

If you would like more information regarding asset protection, trusts, family limited partnerships or the subject of this article please call or email our office.