Offshore companies in Belize are required to file an annual return, but there is no requirement for an annual financial statement. Additionally, there are no taxes on foreign-sourced income, capital gains, or wealth for offshore companies in Belize. However, an offshore company in Belize must maintain accurate financial records, which must be kept on file for 5 years, and can be audited by a government official if they have reasonable cause to do so.
The annual return is a document that confirms that the company is still in good standing, and that there have been no changes to the company’s directors, shareholders, or registered office.