Advantages of Belize Offshore Jurisdiction
Many investors from North America prefer Belize because of the following features:
- Independency,
- English as the main language,
- Legislation based on British Common Law,
- Absence of currency exchange control,
- Strict privacy laws,
- Violation may be punished by imprisonment and heavy fines,
- No double tax agreements between Belize and Canada or the U.S.,
- Belize has not signed the U.S. Mutual Legal Assistance Treaty (Belize and the BVI are the only recommended tax havens that have not),
- Excellent communications (2 hours south of Cancun, on the Caribbean coast).
Belize sovereignty was challenged in 1995 when the Supreme Court of Belize successfully kept the country's privacy laws from being breached by the U.S. Securities and Exchange Commission.