One of the oldest but most prevalent offshore incorporation is the Belize Company.  Many companies as well as individuals are in search of a jurisdiction in which provides all of the features of many of the larger jurisdictions such as Panama.  One of the most interesting features of the Belize IBC is the use of bearer shares which are actually kept in the custody of the registered office.  This will secure that the shares cannot be lost or stolen and fraudulent changes of ownership can be avoided as well.  Another great feature is the ease in which a Belize Bank Account can be opened for the company.  Unlike a Panama Account, a Belize Account can be opened within 24-48 hours.  In all actuality, Panamanian legislation requires that the person who opens the account in a personal or corporate level be present in Panama.  In many cases providers do not tell their clients about this.  The account is then opened remotely and in the end there could be issues as to the integrity of the account.  Since the Belize IBS is based on the UK Limited Company model, the company is relatively easy to understand and manage.  Even though Belize has modeled its company act on the UK system, there are no requirements to file annual reports as well as to pay the heavy taxes levied on the earnings of the company.  In short, Belize offers a strong and very wellknown companies legislation while outranking Panama in both privacy and ease of use.