Belize Company Formation
Belize is the country situated on the Caribbean seaboard of Central America. Belize is an independent democratic commonwealth country from the time it got independence from British reign in 1981. Since then it has enjoyed the stable and democratic government system. With the introduction of International Business Companies Act 1990, Belize is now a new heaven for offshore market. Legislative system of the Belize is derived from the British Virgin Island and maybe that’s why Belize shares a unique identity for offshore market aspirants.
International Business Companies enjoys tax exemption on the account of IBC Act 1990. The procedural requirements for IBC in Belize are extremely simple, cost effective and time saving. IBCs enjoy minimum filing requirements and they will not be asked about currency controls in Belize. The registered agents of the company must retain bearer shares and these implications are due to the legislative changes.
Requirements for Incorporation
There are certain requirements to incorporate a company in Belize, details of which is given below:
There is a minimum requirement of one director and none of the appointed directors need to be the resident of Belize. Corporate directors are allowed to be appointed. There is neither the requirement to hold director’s meeting nor to maintain and keep public director’s register.
There is no minimum requirement for the secretary and none of the appointed secretaries need to be the resident of Belize. Corporate secretaries are allowed to be appointed. There is no requirement for the secretary to hold any professional qualification.
There is a minimum requirement of one shareholder in order to incorporate a company in Belize. Corporate shareholders are allowed to be appointed. There is neither the requirement to maintain and keep public shares register nor par value of shares are permitted. Authorised share capital is usually 50,000 shares with value of USD 1 each. It is allowed to have bearer shares.
Please refer to fee schedule section for proper guidance on incorporation fee. Generally, incorporation fee includes:
Once you get incorporated, this is what you’ll get:
It generally takes 1-2 weeks to incorporate a company in Belize.
Offshore Bank Account
For the offshore bank account please see our fee schedule section.
A registered agent for the company incorporation is required. There is no need to declare beneficial ownership of the shares to authorities, where all or some shareholders are nominees.