Regulatory Alerts2019-11-26
Guidelines to Determine the Eligibility of a Belize IBC to Hold IP Assets During the Grandfathered Period
The Financial Services Commission of Belize issued these guidelines to determine which International Business Companies qualify to retain intellectual property assets during a transition period ending June 30, 2021. Eligible entities must submit an application form and pay an administrative fee, after which the Commission assesses their eligibility based on incorporation and asset registration dates. Companies failing to qualify or comply by the deadline must dispose of their IP assets, re-domicile, or change their legal structure, facing significant fines or strike-off for non-compliance.
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