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Introduction | Information BELIZE British Honduras was the former name of a British colony on the east coast of Central America, adjacent to the southeast of Mexico, now the independent nation of Belize. Settled by Europeans since the 17th century, it was a crown colony from 1871 to 1964, when it became self-governing. Belize became fully independent from the United Kingdom in 1981. Belize was the last continental possession of the United Kingdom in the Americas. Belize began its first forays into offshore business with the introduction of the International Business Companies Act in 1990, allowing for zero taxation on IBCs. Its legislation was based upon British Virgin Island laws – the most flexible (and popular) model available With its low incorporation costs and flexible legislation, it is rapidly becoming a viable alternative to other more expensive jurisdictions. Zero taxation Onshore presence Shelf companies available Low set up and operating costs Legislation modelled on BVI Provision for Public Investment Company status Fast incorporation - 24 hours Single director allowed - can be corporate or trust Incorporation Datasheet Protected Cell Companies Act (Revised Edition, 2000)