An IBC is required to keep minutes of all meetings of directors, members, and committees of directors, officers or members. Copies of all written resolutions consented to by the foregoing parties must also be kept. An IBC must also keep such accounts and records as the directors consider necessary or desirable to reflect the financial position of the Company.

In general, the management, directorship and practical operation of a Belize International Business Company (IBC) will usually be one of the following options: (1) Company directed by the beneficial owner:The beneficial owner, or other person that is designated by the beneficial owner can be appointed as the Director of an IBC. (2) Company directed by an appointed Nominee