Bank Accounts website
Flag Theory website



A trust established in Belize may not be subject to local taxes applicable to the assets and income of the trust, provided that no residents of Belize benefit from the trust and no physical assets are located there.

It must be noted that the choice of law of the trust would not be applicable to tax matters, which would be governed by the respective jurisdiction where the settlor, beneficiaries, assets or trustee are located, as applicable.

You should consult with your tax advisor or accountant to know the tax implications in your jurisdiction of residence when establishing a trust in Belize, transfer assets to it and receive profits from said assets.

  • Offshore Income Tax Exemption
  • Offshore capital gains tax exemption
  • Offshore dividends tax exemption
  • CFC Rules
  • Thin Capitalisation Rules
  • Patent Box
  • Tax Incentives & Credits
  • Property Tax
  • Wealth tax
  • Estate inheritance tax
  • Transfer tax
  • Capital duties
  • - Offshore Income Tax Rate
  • - Corporate Tax Rate
  • 0% Capital Gains Tax Rate
  • 0% Dividends Received
  • 0% Dividends Withholding Tax Rate
  • 0% Interests Withholding Tax Rate
  • 0% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • 0 Losses carryforward (years)
  • 3.18% Social Security Employee
  • 5.35% Social Security Employer
  • 25% Personal Income Tax Rate
  • 12.5% VAT Rate
  • 30 Tax Treaties

Country details

North America
English (Belize), Spanish (Spain)

Belize, formerly British Honduras, is a CARICOM and SICA member. Located in the northeastern corner of Central America, bordering to the north with Mexico and to the south and the west with Guatemala. The capital is the city of Belmopan and the most populated city is Belize City, which has the main port of the country.

Although is the only Central American country with English as the official language, it is just over 380,000 inhabitants speak predominantly Spanish and Creole. Its currency is the Belize Dollar (BZD), which is currently pegged to the US$ (2:1), but most commercial establishments accept US dollars.

Belize is a constitutional monarchy with a parliamentary system of government. The Head of State is King Charles III, who is represented in the country by the Governor General.

The executive power is headed by a Prime Minister, who heads the Cabinet of 13 ministers, plus 5 deputy ministers, who represent the majority political force of the Belizean Parliament.

The legislative power is bicameral, composed of a House of Representatives of 31 members democratically elected for a period of five years and a Senate of 12 members appointed by the Governor General from proposals of the Prime Minister, the leader of the opposition and of Various religious, economic and social institutions.

The Belizean economy is the smallest in the Central American region, but it is the third largest in GDP per capita, only after Panama and Costa Rica.

Belize has an economy based primarily on agriculture and services. Domestic industry is limited, constrained by relatively high-cost labor and energy, and a small domestic market.

Tourism attracts the most foreign direct investment although significant foreign investment is also found in the energy, telecommunications, and agricultural sectors. The stability of the currency is one of the attractions for foreign investment.

Belize's exports of goods and services account for over half of its GDP. The export products mainly consist of seafood such as shrimp, followed by sugar, citrus products, bananas and small manufactures.

Its Barrier Reef (longest in the Western Hemisphere), 127 islands, excellent fishing, safe waters for boating, scuba diving, and snorkeling, abundant jungle flora and fauna, and numerous Mayan ruins has bolstered tourism and ecotourism industry.

Belize is a well-known offshore jurisdiction for its privacy policies, tax advantages for non-residents and its full tax exemption for its domiciled International Companies. Although its banking sector is not as large as other offshore financial centers, it is gaining popularity in recent years.

Tax treaties

Country Type Date Signed
Greenland TIEA 2010-09-15
Poland TIEA 2013-05-16
India TIEA 2013-09-18
Finland TIEA 2010-09-15
Barbados DTC  1994-07-06
Antigua and Barbuda DTC  1994-07-06
United Kingdom TIEA 2010-03-25
Iceland TIEA 2010-09-15
Netherlands TIEA 2010-02-04
Mexico TIEA 2011-11-17
Sweden TIEA 2010-09-15
Saint Kitts and Nevis DTC  1994-07-06
Trinidad and Tobago DTC  1994-07-06
Saint Lucia DTC  1994-07-06
Switzerland DTC  1954-09-30
Denmark TIEA 2010-09-15
Grenada DTC  1994-07-06
South Africa TIEA 2014-05-06
Ireland TIEA 2010-11-18
Jamaica DTC  1994-07-06
France TIEA 2010-11-22
Faroe Islands TIEA 2010-09-15
Guyana DTC  1994-07-06
Australia TIEA 2010-03-31
Norway TIEA 2010-09-15
Saint Vincent and the Grenadines DTC  1994-07-06
Dominica DTC  1994-07-06
Austria DTC  2002-05-08
Belgium TIEA 2009-12-29
Portugal TIEA 2010-10-22

Tax treaties Map



We can help you incorporate a Trust in Belize.
Please, contact us to request a free, no obligation consultation.


Although we use our best efforts to keep the information of this site accurate and up-to-date, we make no representations or warranties with respect to the accuracy, applicability, fitness, or completeness of the contents of this website. We disclaim any warranties expressed or implied, merchantability, or fitness for any particular purpose. We shall in no event be held liable for any loss or other damages, including but not limited to special, incidental, consequential, or other damages. The contents of this website are just for illustrative purposes and are NOT to be considered as a legal opinion or tax advice and should not be relied upon as such. Far Horizon Capital Inc., and any associated company, is not engaged in the practice of law or tax. If you wish to receive a legal opinion or tax advice on the matter(s) in this website please contact our offices and we will refer you to an appropriate legal practitioner. Use of our websites,,,, is subject to our terms and conditions.


Flag Theory is an internationalization and offshore solutions provider, and the creator of We offer expert consultation advice and assistance.

Your privacy is important for us and we will keep your information secure. View our privacy policy

View past newsletters

Consultation with

Flag Theory is an internationalization and offshore solutions provider, and the creator of

In order to better serve you, we ask that you please fill out the following form as accurately as you can and provide as many details as possible. Thank you.

Your privacy is important for us and we will keep your information secure. View our privacy policy