Why Does Belize Receive A High Recommendation?
Belize meets all of the requirements for a preferred tax haven for North Americans: · Belize is an Independent Country. · English is the main language. · Laws are based on British Common Law. · Belize has no currency exchange controls. · Belize has strict privacy laws; violations are punishable by jail time and heavy fines. · Belize has no tax treaty with Canada or the U.S. · Belize has not signed the U.S. Mutual Legal Assistance Treaty (Belize and The BVI are the only above recommended havens that have not). · Belize is a desirable place to visit or retire. · Belize may be reached by air or auto (It is 2 hours south of Cancun, on the Caribbean coast). No other jurisdiction has proven that it will back up its privacy laws as strongly as Belize. The only challenge to Belize’ sovereignty came in 1995 when the Supreme Court of Belize successfully kept the country’s privacy laws from being breached by the United States Securities and Exchange Commission.
