Belize Business Registration

Belize is located on the northern coast of Central America and has become a top choice for business investors and entrepreneurs. Its strategic location and business-friendly environment make it a compelling destination for those seeking business opportunities internationally. 

Belize business registration can be complex, but with the assistance of Business Setup Worldwide, you can incorporate your company and easily fulfil your dream.

Belize Business Registration Benefits

Before opting for Belize company incorporation (either LLC or IBC), it is essential to know their key characteristics:

  • Tax Exemption: Belize IBCs and LLCs are exempt from all local taxes.
  • Requirement of Accounts: The company does not need to keep any financial records of the company transactions.
  • Quick Incorporation: Belize company incorporation takes 2-3 business days.
  • Privacy and Asset Protection: Belize's legal framework provides privacy and asset protection for businesses.
  • Requirement of Directors and Shareholders: The company requires only one director and shareholder for IBC incorporation. Meanwhile, a member and manager are required for an LLC incorporation.

Why use International Business Company (IBC) for Belize Company Incorporation?

An international business company (IBC) is one of the most common business structures entrepreneurs and owners use.

Belize is a growing registry for IBC incorporation, and the major reason for this is the high profits that can be earned by investors. Here are the key features of Belize offshore IBC are:

  • Belize offshore companies offer exceptional flexibility, freeing you from the administrative burden of maintaining accounts.
  • No need to appoint a Belize national as director
  • Annual General Meetings (AGMs) are not mandatory
  • Confidentiality of the details of directors and shareholders

Permitted Business Activities in Belize

Some business activities that come under IBC and LLC companies are:

  • General Trading
  • Software Development
  • Information Technology
  • Import/Export
  • E-commerce
  • IP holding
  • Financial Services

These are the business activities which are the most preferred in belize. By having knowledge about business opportunities in Belize, the investors will be able to make an informed decision regarding the growth of the company.

Steps to Register a Business in Belize

Here are the steps for Belize company incorporation:

Appoint an Experienced Registered Agent

Registered agents are experienced professionals who are well-versed in the process of company incorporation. By appointing a registered agent, you can focus more on streamlining your business.

Choose a Trade Name

After selecting a registered agent, you must select a company name. Make sure that all the rules for naming the company are followed and that the name is not already being used by a different business.

Finalise a Business Structure

After choosing the trade name, select a legal structure for your company between an International Business Company (IBC) or Limited Liability Company (LLC).

Draft the Company Documents

Once you choose the business structure, submit the following documents for offshore company registration in Belize.

  • A business plan
  • Filled application form
  • Passport-size photos of the company directors and shareholders
  • Identity and address proof of the company directors and shareholders

Wait for Business Approval

After submitting the documents, the authority will provide approval. The time taken for company formation in Belize may vary depending on the choice of the business activity. 

Pay the Initial Deposit

Make the payment of the amount mentioned for the Belize business registration.

Open an Offshore Bank Account

One of the processes to complete after setting up a company in Belize is opening a bank account. 

These are the steps to follow to incorporate a company in Belize hassle-free. Even a small issue during the business setup process can lead to instant rejection. 

Thus, to avoid confusion, you must follow the guidelines provided by the Belize Company Registry (formerly known as Belize Companies and Corporate Affairs Registry) or take the assistance of a business setup consultant such as Business Setup Worldwide.

We have been helping business investors and professionals start businesses in many offshore tax-haven jurisdictions. Our business experts provide thorough information about the entire process and help you resolve queries.

FAQs

What is the cost of Belize Company Incorporation?

The cost of Belize Company Incorporation starts from $1,410.

What is the legal system followed in Belize?

The legal system in Belize is based on the Common Law.

Why do investors prefer to register companies in Belize?

Investors prefer to register companies in Belize for their quick registration process and favourable taxation.

What are the documents required to open a bank account in Belize?

The documents required for opening a bank account in Belize are

  • Corporate Documents
  • Certified passport copies of the members 
  • Certified proof of address
  • Bank reference letter
  • Signed curriculum vitae (CV)
     

How long does it take to open a bank account in Belize?

After submitting the documents, it takes 7-10 working days to open a bank account in Belize.

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