Are you looking to register your new start-up in a tax advantageous jurisdiction? You can do it in a straightforward and easy way with the help of our Creative Specialists Corporation. We assist you in understanding the stringent laws and also help you to establish your business without any legal glitches. The laws have clear rules that are mandatory and must be strictly adhered to. We break the jargons and simplify the entire process for your business to set and flourish.
Belize introduced its own International Business Companies Act in 1990. The Belizean IBC Act was modelled after the 1984 act of the British Virgin Islands and the 1989 IBC Act of the Bahamas.
INFO ABOUT BELIZE:
The standard authorized share capital is US$ 50,000. The minimum issued capital may be one share of no par value or one share of par value. Issued shares must be fully paid. Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights are permitted.
Usually it is 1 working day, but we need up to 10 working days for legalization of the documents and delivery by courier.
REGISTERED OFFICE, LOCAL AGENT OR SECRETARY:
Registered office is mandatory or registered agent or individual resident of Belize. Meetings are not mandatory and proxy attendance is considered as sufficient.
Belize companies’ names must end with one of the following words, or their relevant abbreviations – Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima. Names denoting any connection to local, state or national Governments are generally prohibited and names related to banking/insurance need appropriate licensing.
A minimum of one shareholder is required which may be an individual or a corporate body. The details of company beneficial owners and shareholders are not part of the public records. One minimum director is needed, resident directors are not mandatory and director details are not public.
Belizean laws allows Private Limited Companies, Limited Liability Partnership, Limited Life Companies, Joint Ventures and Cooperatives, Partnership, Sole Proprietor, Public Investment Companies and Trusts. The most popular form used by international investors for registering Belize IBC is private limited company. However, IBC cannot have banking, insurance business and cannot be run by residents.
MEMORANDUM AND ARTICLES OF ASSOCIATION:
Memorandum and Articles of Association must be lodged with the Registrar for company incorporation.
Belize companies are tax exempted. However, it is still expected that the financial and accounting records are maintained at place of actual management of business.