Reduced substance requirements for holding companies

(1) A pure equity holding company is subject to reduced substance requirements, as follows– (a) it shall comply with all applicable laws and regulations of Belize; and (b) it shall have adequate human resources and premises in Belize for holding equity participation in other entities and where it manages those equity participations in other entities, have adequate human resources and premises in Belize for carrying out the (2) Where a holding company engages in any relevant activity, that entity shall be required to satisfy substantial economic presence requirements in accordance with section 4 of this Act in respect of the relevant activity conducted. Economic Substance [CAP. 273:01 17