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Registration of a company in Belize
- Price:from 1800 EUR
- Term:3 weeks
The Belize offshore zone is famous for its loyal tax system for foreign business. Despite the fact that, under pressure from international regulators, the country has adopted a large-scale reform of tax transparency in the form of substance, zero taxes are still applied to non-residents (subject to conditions). The offshore sector is the main content of the state budget of Belize, so the jurisdiction is doing everything possible to simultaneously maintain its attractiveness and not fall under the sanctions of the FATF, EU, OECD.
The country is attractive for its access to the markets of Europe, Canada, the USA and the Caribbean. Popular activities of the company here are international trade, property ownership, registration of ships and yachts, trusts and holdings.
- client identification according to the KYC procedure
- registration procedures
- payment of the registration fee
- legal address services for the year
- oral legal and tax consultations
- preparation of a package of corporate documents
- binding of corporate documents under an apostille
- one courier delivery
- corporate seal
- annual service fee (IBC), including state fee
- fee for professional compliance
- checking the company's compliance with all compliance and KYC criteria
- legal address services for the year
- submission of an annual static report
- oral legal and tax consultations
- 1Belize is a classic offshore country with no taxation
- 2The state of Belize is not included in the "black" list of EU offshores
- 3Remote open and company management
- 4Information about the ultimate owners, shareholders and directors is closed
- 5There are no requirements for the preparation of financial statements to the tax
- 6Opportunity to buy a ready-made offshore company in Belize
- 7A company can be created without paying the authorized capital
- 8Working with the dollar and access to trading ports
- 9Redomicile (relocation of companies) is allowed in the country
These tax rates apply only to companies that are subject to substance and have adopted Belize residency.
Corporate tax is paid by resident companies with income above 37 500 USD. Also, a company with such income is required to register as a VAT payer.
International companies that do not operate locally and have proven tax residency outside of Belize are fully exempt from all tax liabilities, except for the annual fee.
All IBC companies, both residents and non-residents, must obtain a tax identification number (TIN).
- Capital - there is no minimum amount, but it is recommended to use up to 50,000 USD to avoid a high annual fee. Capital payment is not required.
- Director - can be both an individual and a corporate person. At least one director is required. Residence is not taken into account. Delegation of management functions is possible.
- Shareholder - can be either an individual or a company. Residence is not taken into account. Must have 1 shareholder. Delegation of management functions is possible.
- Secretary - optional, there is no obligation to be present.
- Register of beneficiaries - the company is required to maintain an internal register of beneficiaries and directors, but information in it is not subject to disclosure.
- Available information - about the name of the company, legal address, the size of the authorized capital.
- Substance requirements – apply to holdings and resident companies that carry out regulated activities. In order not to fall under the substance, the company must prove the residency of another country.
- Legal address - a local address is required.
Financial reporting and auditing requirements do not apply to non-resident IBC companies. If the company falls under the substance and is recognized as a resident of Belize, reporting is mandatory, as is the payment of taxes.
But, for all IBCs, a requirement has been introduced to store accounting documentation for the last 5 years of activity. The place of storage may be determined at the discretion of the director. The registered agent must be notified of the location of the storage of this documentation.
In addition, all registered companies for their proper renewal must submit a static report (Annual Return) to the Regulator by 30.06 annually. Such a report is necessary to update and clarify the information entered in the Register of Companies.
- 3 desired company names;
- description of directions of work of the future company;
- passport of the shareholder, director of the company;
- international passport of the shareholder, director of the company;
- confirmation of the address of registration of the shareholder (for example, a utility bill receipt);
- confirmation of the director's registration address (eg utility bill).