The IBC reporting requirements are patterned on U. S. Law. There need be no identified directors. There is no annual audit required. Nothing is reported to the Belize Goverment. You gain financial secrecy based on the limited information required to be reported.
Taxes are minimal.
The Belize Banking Act ensures that drug money isn't laundered in Belize. Tax Haven list. It's a convenient location that doesn't attract attention from our two annual visits. We can drive to Belize. In Belize, we know that the IBC paperwork is in place.