This is a revised edition of the Substantive Laws, prepared by the Law Revision Commissioner under the authority of the Law Revision Act, Chapter 3 of the Substantive Laws of Belize, Revised Edition 2011.
- This Act may be cited as the International Foundation Act.
2.–(1)In this Act, unless the context otherwise requires,
“auditor” means a person who,
(a) is qualified as an accountant by examination conducted by,
(i) any of the institutes of Chartered Accountants or Certified Accountants in England and Wales, Ireland or Scotland:
(ii) the Canadian Institute of Chartered Accountants, or
(iii) the American Institute of Certified Public Accountants:
and is a practising member in good standing with any of those institutes; or is approved by any supervisory body of the accounting profession recognised under the laws of Belize
“beneficiary” of a foundation means a person,