The establishment of an overseas company in Belize follows the example of the British Virgin Islands in applying the International Business Company Law, which also allows the establishment and registration of international business companies. According to the provisions of the International Business Company Law, the overseas company established does not need to submit tax statements to the local government. There is no need to set up accounts. After the overseas company is established, it only needs to pay fixed government fees every year, so there is almost no tax burden.