How will Economic Substance Act affect your Belize company?

Certain Belize international business companies (IBCs) carrying on relevant activities or regulated under Belize IFSC Act shall be subject to the Economic Substance Act, 2019 in the Belize.“Relevant activities” under the Belize ES regime include: Banking, Insurance, Fund management, Finance and leasing, Headquarters, Shipping, Holding company, and Distribution and service centers.All in-scope IBCs under this regime must fulfill the compliance duties or economic substance test for each relevant activity they engage in. Learn more about Belize Economic Substance & Tax Guide >>

What is the minimum paid up registered capital to form a company in Belize?

There is no requirement on minimum registered capital, and the standard is US$50,000. No minimum paid-up required.

When will I do the renewal for my company in Belize?

For the Belize companies incorporated between January 1st and July 31st, the renewal must be made before the company anniversary. The company formed in Belize from August 1st to December 31st must be renewed before July 31st of the following year.

Which tax must a Belize company pay?

Both Belize IBC and LLC are exempt from any kind of taxation should it be tax resident outside Belize.

How can a Belize company be named?

A Belize IBC can be incorporated using any language, and must end with one of the following suffixes: Limited, Corporation, Incorporation, Société Anonyme, Sociedad Anónima or their abbreviations.Similarly, the name of a Belize LLC must contain words to show the nature of its business structure such as “Limited Liability Company” (abbreviations “L.L.C.”, or “LLC” is acceptable).

What can we do with the registered address in Belize?

A local address in Belize is the initial requirement to register a Belize offshore company. The address works for documentation only, it has no function of mailing.

What is the key difference between Belize IBC and LLC?

Belize LLC and IBC difference lies in their ownership and management regulations. Particularly, Belize LLC is owned by a board of directors and has shareholder ownership. By contrast, Belize LLC, much like a combination between a limited liability company and a partnership, includes members, and managers.

Belize Company Formation with bank account

Offshore Company Registration in Belize

Business Company (BC)

Benefit

May be subject to tax exemption if qualified

Fast and straightforward process of incorporation

No public records of directors, shareholders, or B/O

Suitable vehicle for multiple purposes: entrepreneurs, traders, e-commerce, SAAS, consultants, etc

Your entity may be subject to Belize ES requirements. Uncertain about this? Give this tool a try!

Feature

At least one director/one shareholder

Required local registered address

Required local registered agent

No minimum paid up capital

Bearer shares not permitted

Limited Liability Company (LLC)

Benefit

100% foreign ownership is allowed

Exempt from local taxes on income generated outside of Belize

No requirements for filing annual returns, preparing financial statements, or holding general meetings

Information about identity and register of company’s members is kept confidential

Feature

Legal entity with separate rights and liabilities

Members protected with limited liability

Exemption from corporate taxes

Strong protection for assets

Fewer compliance requirements

Business Company (BC)

Benefit

May be subject to tax exemption if qualified

Fast and straightforward process of incorporation

No public records of directors, shareholders, or B/O

Suitable vehicle for multiple purposes: entrepreneurs, traders, e-commerce, SAAS, consultants, etc

Your entity may be subject to Belize ES requirements. Uncertain about this? Give this tool a try!

Feature

At least one director/one shareholder

Required local registered address

Required local registered agent

No minimum paid up capital

Bearer shares not permitted

Limited Liability Company (LLC)

Benefit

100% foreign ownership is allowed

Exempt from local taxes on income generated outside of Belize

No requirements for filing annual returns, preparing financial statements, or holding general meetings

Information about identity and register of company’s members is kept confidential

Feature

Legal entity with separate rights and liabilities

Members protected with limited liability

Exemption from corporate taxes

Strong protection for assets

Fewer compliance requirements

Belize Company Formation Packages

Business Company (BC)

Limited Liability Company (LLC)

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Bring your next business venture online

Streamlined process

Start at your own pace. And reduce waiting time for back-and-forth email communication.

E-signature

Collaborate with your partner more easily. Less paperwork, more efficiency.

Digitized KYC

Standardized form & organizational chart to let you control and declare your information effortlessly.

Centralized management portal

24/7 access to company documents on high-security cloud infrastructure. And no worry about key compliance deadlines with auto reminder.

BelizeCompany Incorporation Process

Create your orders

Enter our online order platform for easy onboarding experience and tailor your orders. We have different packages and additional services that suit your goals. All information filled in is secured over 256-bit encrypted line.

Make payment

You can settle payment for services via flexible payment options including debit/credit card of Visa, Master, Amex or Bank Transfer. After you complete payments, we will provide you a checklist of required information for Belize company registration.

Collect and verify KYC documents

Once we've received your payment, our customer service will contact you to process the necessary paperwork. We'll guide you to properly prepare documents for incorporation in Belize via KYC online form. You can also access our digital Client Portal to proceed with the incorporation steps and keep track of the process anytime, anywhere.

Finish the company registration

The electronic documents are ready after 2 working days of company formation, and it takes 3-7 days for courier the original kit.

Required Documents

Notarized / Certified true copy of passports of all company members
Notarized / Certified true copy of address proofs of all company members i.e. identity card, bank statement, driving license, utility bill

We also provide true copy certification service for your personal identity documents as per your need.

* See certified true copy guide