CAP. 270, INTERNATIONAL BUSINESS COMPANIES ACT

18
CAP. 270]
International Business Companies
PART II
Constitution of Companies
Incorporation.
Restrictions on
incorporation.
Requirements of
International
Business Companies.
3. Subject to the requirements of this Act, any person may singly or
jointly with others, by subscribing to a Memorandum and to Articles, incorporate
a company under this Act.
4. No company shall be incorporated under this Act unless immediately
upon its incorporation the company is an International Business Company.
5.-(1) For purposes of this Act, an International Business Company is a
company that does not-
(a)
carry on business with persons resident in Belize;
14 of 1995.
14 of 1995.
14 of 1995.
14 of 1995.
(b)
(c)
(d)
(e)
(f)
(g)
own an interest in real property situate in Belize, other
than a lease referred to in paragraph (e) of subsection (2);
carry on a banking business unless it is licensed under an
enactment authorising it to carry on such business;
carry on business as an insurance or a reinsurance
company, insurance agent or insurance broker, unless it is
licensed under an enactment authorising it to carry on such
business;
carry on the business of providing the registered office
for companies;
carry on trust business, unless it is licensed under an enactment
authorising it to carry on such business;
carry on collective investment schemes, unless it is licensed
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THE SUBSTANTIVE LAWS OF BELIZE REVISED EDITION 2000
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Belmopan, by the authority of
the Government of Belize.