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Information on the offshore banking system in Belize
Country name: Belize
Geographic location: Formerly known as British Honduras, Belize is a Central American country bordered by Mexico to the north, with the Caribbean on its eastern side and Guatemala located on its southern and western sides. Belize covers 8,867 square miles (22,960 km²) of territory, with Belmopan as its capital.
Official language: Belize society is comprised of many diverse cultures, speaking many languages. Belize is the only Central American country to have English as its official language. Many of its citizens also speak Kriol and Spanish.
Languages commonly spoken in offshore banks: English
Population: 320,000 (2008 est.)
GDP per capita: US$ 7,881(2008 est.)
Currency: Belize dollar(BZD) 1 BZD=0.5063 USD
Summary: With the goal of attracting the most individual and corporate investers possible, the Belize government has taken lessons learn from other countries and fashioned its tax codes with that goal in mind, going so far as to making it possible to conceal the names of offshore companies shareholders and investors.
Infrastructure and economy: Belize has an economy based on the exportation of sugar, citrus fruits, bananas, sugar, timber, fish,seafood and other seafood products.
Belize's countryside mixes its heritage founded on the ancient Mayan culture, with jungles, waterfalls, rivers, caves and mountains, which has brought it to the worlds attention as a eco-friendly tourist destination. It has the world's only jaguar preserve, along with other attractions like marine resorts, wildlife sanctuaries and forest reserves.
There has been a significant increase in Belize's banking and financial services industry in recent years.
Adding liberal trade programs and increasing its access to outside markets has help the country to plan a strategy that will increase the demand for its offshore investment services. Belize's telecommunications infrastructure is comprehensive. The country also has direct flights daily to the United States, and international courier services that provide it with connections to anywhere in the world.
Legal system: The Belize Court system is based on the English system of Common Law supplemented with local legislation. The court of final appeal on questions of law is the Privy Council of the House of Lords in England.
Queen Elizabeth II is the chief of state, represented by the Governor General. The Head of State is the Prime Minister, who is appointed by the Governor General and also serves as the leader of the majority party. He in turn appoints the Deputy Prime Minister.
National Assembly consists of 2 branches. There is the Senate with its eight members, five appointed on the advice of the prime minister, two on the advice of the leader of the opposition, and one by the governor general. Members of the Senate are appointed for five-year terms. The 29 members of the House of Representatives are elected by direct popular vote and serve 5 year terms.
Did you know? / Special services: Incorporation can take as little as 1 to 3 days.
Links to bank websites:
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