Regulatory Alerts2022-01-21
Declaration of Intellectual Property Grandfathering Compliance
The Financial Services Commission of Belize mandates that all International Business Companies incorporated on or before October 16, 2017, submit a Declaration of Intellectual Property Grandfathering Compliance. This requirement ensures adherence to legal restrictions prohibiting such entities from engaging in relevant activities or holding intellectual property assets while seeking tax exemption benefits. The completed declaration must be routed through registered agents and submitted to the Commission via email within sixty days of the guidance note's publication.
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