Belize : Secure Tax Haven

In 1990 Belize set out to become one of the most attractive tax havens in the world, they therefore started by setting some rules and regulations in regards to offshore financial services and institutions. Taking example from other tax havens such as Gibraltar, British Virgin Islands, and the Bahamas. By 1991 the legal basis for creations of offshore companies had been worked out and Belize moved on to setting out laws for offshore trusts. These were further developed and defined throughout the nineties.
In 1996 the United States of America began to sign agreements with several jurisdictions that would cause these jurisdictions to have to share certain information on any persons involved in offshore companies in Belize. Some jurisdictions succumbed to this pressure and have had to share this sensitive information or have even had to put an end to certain offshore tax benefits entirely. Luckily Belize is not one of these jurisdictions
Belize did however sign what is called a legal assistance treaty with the United States. This treaty makes sure that Belize only gives information to the united states in cases where help is required to combat uniformly recognized crimes. Belize remained true to its original course despite pressure for the United States and refuses to share any fiscal information.

Demography - Economy - Companies - Banking - Double tax agreements