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How To Incorporate Company in Belize – All You Need To Know

Incorporate Company in BelizeBelize, known earlier as British Honduras, is a Commonwealth state in Central America. It became independent from Britain in 1981 and since then, has gained great popularity as a haven for offshore company incorporation and tax optimization. Indeed, most foreign businesspeople prefer to incorporate company in Belize due to the many benefits it offers.

The Belize International Business Company (IBC) is the most popular type of corporate structure. The advantages of establishing a company in Belize include a quick registration process, political and economic stability and high level of confidentiality. English is the national language here, so many investors find the company formation process extremely easy. Plus, the annual government fees are as low as $100 USD.

Benefits Of Incorporating a Company in Belize

If you decide to incorporate company in Belize, you can avail of many benefits the government offers.

  • Exemption from local taxes if income is not generated within the territory of Belize
  • Cheap support for foreign investors throughout the incorporating process
  • You do not need to pay a minimum capital
  • The Belize commercial law ensures total privacy for the members of the corporation including directors, officers, shareholders, and beneficial owners
  • Shareholders, directors, and officers may be of any nationality
  • There is no restriction on foreign exchange
  • The incorporating process is very quick in Belize
  • You do not have to submit annual meeting reports or audits to the government
  • A commercial entity is treated as a separate legal individual, and can access all benefits a person can, like taking on debts, starting bank accounts and so on
  • Ideal for people who run a business on the Internet
  • Your liquid assets are protected
  • You can purchase investments (like shares) which are not available to US citizens, thus giving you scope to conquer the Dollar

 

How to Incorporate Company in Belize

There are some steps to follow to incorporate company in Belize. We recommend you to appoint a legal firm to assist you through the process.

Application form – Submit the application form with the required documents and the company name. The documents may be in any language. The company name should end in or include the words Limited, Corporation, Incorporated or their abbreviations.

Details of the members – Complete details of the beneficial directors and shareholders including full name, nationality, country of residence, address and profession.

Identification documents – Each director and shareholder should provide the following documents:

  1.       Notarized copy of passport
  2.       Proof of residence
  3.       Original letter of introduction

Office Address and Registered Local Agent

Authorized capital – A sum of $50,000 USD divided into shares of $1.00 USD each.

Incorporating a company in Belize takes very little time. Usually, you can incorporate a company in Belize on the same day or within the next business day.

For more information and guidance to Incorporate Company in Belize, contact 3E Accounting, China. We will help you with all aspects of registration.
You can contact us by sending an email to request a no-obligation quotation or get more information about how to Incorporate Company in Belize.