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Trevor Bradley

Offshore Companies - Planning & Doing your Business Globally

Trevor Bradley

Placing your assets in, and doing your business with, offshore companies has been a growing trend among many people today looking for prudent tax planning and asset protection. This is mainly due to the high degree of privacy and secrecy offered by most financial centers and offshore jurisdictions, as well as their low-tax, and most times tax-free, characteristics. The two main types of offshore companies used today are International Business Companies and Limited Liability Companies.

Offshore

Trevor Bradley

We’ve all been hearing about it by different terms – offshore accounts, offshore banking, offshore companies, tax havens, tax shelters, offshore jurisdictions – just to mention a few of the more popular terms relating to the concept of “OFFSHORE”.

But, what really is it?

Belize’s Qualified Retired Persons (QRP) Program

Trevor Bradley

The Qualified Retired Persons Program was created for people forty-five years of age or older who wish to retire in Belize. The program is very simple compared to other jurisdictions in the Caribbean and Central America that offer similar programs where requirements are more demanding. Applicants are required to provide an authentic police record from their last place of residency; certified copy of birth certificate and passport; certify and sign an agreement that the applicant is in receipt of a minimum income of US$2,000 monthly (US$24,000 annually) from abroad; and a medical clearance certificate. A qualified applicant can also include his or her dependents such as a spouse and children under the age of eighteen.