Belize Company Formation & Incorporation

Belize, initially known as British Honduras, has been one of the growing offshore business destinations widely preferable by business investors and professionals. Located on the coast of Central America, it has been one of the prominent offshore investment players. As it is a known fact that the offshore business industry has been continuously growing and most of the countries have been successfully converting themselves into the same category.

Starting an offshore company in Belize can be completed within a short span, and turns out to be effective. By incorporating one, you can quickly enter into the international market and make the best utilization of your funds by grabbing a high investment return. This guide is dedicated to highlighting the essentials that are required to know before setting up an offshore company in Belize. One of the widely chosen business entities in Belize is the International Business Company (IBC).

Belize International Business Company (IBC)

The structure of an IBC is most commonly used in any of the popular offshore destinations as it allows the business investors to earn high-yield profits. Over the years, Belize has turned out to be one of the growing IBC registries globally with a simple set of proceedings. A Belize IBC holds the following key features:

  • No minimum paid-up capital
  • No requirement to maintain the company books
  • No requirement to appoint Belize directors
  • No requirement to hold an Annual General Meeting (AGM)
  • High-end confidentiality of the details of directors and shareholders

A Belize IBC is feasible to carry out the following activities:

  • Banking business
  • Insurance and reinsurance business
  • Registered office business
  • Trust business
  • Collective investment schemes
  • Management of funds

Here’s a guide on Belize Offshore IBC, that will help you to understand the establishment process.

How to Start a Belize International Business Company (IBC)?

To proceed with the incorporation of a Belize IBC, one has to go through the following steps:

1.Appoint a Registered Agent

Registered agents are certified professionals that known the company incorporation process in and out. They are well-versed with the ins and out of the process, and even the registry holds a trust when the process is carried out via professionals. Also, by outsourcing the essential and core tasks to a well-experienced party, you can focus more on streamlining your business process.

2.Choose a Trade Name

The next move is to choose a trade or a business name that becomes the company's face. Selecting a business name is a time-taking task, but needs to be done carefully. It is to be noted that the name chosen should not sound offensive, and should not be a replica of the competitor's name existing in the market.

3.Draft the Company Documents

Once the name selection process gets completed, the company documents are to be drafted accordingly. Here, the essential papers like Memorandum of Association (MOA) and Articles of Association (AOA) need to be curated, therefore. Apart from these, the following are to be submitted therefore to get the respective approvals from the authorities:

  • Duly filled application form
  • Passport-sized photos of the company directors and shareholders
  • Identity proof of the company directors and shareholders
  • Address proof of the company directors and shareholders
  • Well-drafted business plan

4.Apply for the Respective business License

The complete set of documents are to be submitted to the business advisor, who, in turn, will take it to the respective authorities to grab the permission. If the records are valid, and according to the rules, approval will be issued. If it is not, you need to clarify from your business advisor to make the necessary rectifications and submit the essentials again.

5.Open an Offshore Bank Account

In the final move, you need to open an offshore bank account with one of the reputed banks. Now, the offshore tax-havens provide the business owners with the flexibility to open a bank account in the country of incorporation or can open the same in other locations. For example, most business owners prefer to go for a British Virgin Island offshore company with a Mauritius bank account. To finalize the same, it is recommended to take the help of business experts.

These are the essential steps that need to be dealt with to open an offshore company in Belize. Now, as you can see that the complete process involves a paperwork process, any hindrance in between might abort the process instantly. Thus, to avoid any kind of confusion, most business owners prefer to proceed ahead with business experts' guidance. Hiring or outsourcing the task to a third-party helps an individual to carry out and complete the process in a hassle-free manner.

At Business Setup Worldwide, we have been helping numerous business investors and professionals to start an offshore business in many offshore tax-haven jurisdictions. Our business investors are well-versed with the complete process and can assist you by providing customized solutions that make us one of the top business consultants in Dubai.

If you are looking forward to taking the next step, please have a word with our business advisors. Contact us today-we’d be glad to assist!