Belize | Interstatus - Group of Companies Belize – Interstatus – Group of Companies

General jurisdiction information:

Belize is a continental state on the north east coast of Central America. It is one of the countries in the region once inhabited by the legendary Maya civilization in ancient times. Belize also includes more than 200 islets.

Its capital city is Belmopan and its population is around 300,000. Their government is undertaking efforts to provide better conditions for the population growth and to encourage immigration.

Tourists are mostly attracted by the diverse flora and coastal reefs. Belize is very popular among divers and fishing enthusiasts where coastal areas boast numerous lakes and lagoons and the shores are abundant with breath-taking coral reefs.

Belize is well established as a stable and rapidly developing financial centre with perfect conditions for offshore business. Contemporary legislation provides companies incorporated in Belize the opportunity to engage in any business not expressly prohibited by Law.

Belize offshore companies are totally tax exempt.

The national language is English.

The official currency is the Belize Dollar (currency code BZD).

The advantages for Belize companies:

  •  Liberal legislation for the operation of an offshore company.
  • Confidentiality with no requirement by the registration authorities to provide any personal details of the beneficiaries, shareholders and officers of a company.
  • A straightforward and quick registration procedure.
  • There is no minimum share capital requirement and capital may be denominated in any currency.
  • A nominee option (either director or shareholder).
  • No personal visit to the bank by a representative of the company is required to open a bank account.
  • There are no exchange controls.
  • Bearer shares may be issued as well as shares with no par value.
  • Company administration is simple so there is no need for extensive staff.
  • An offshore company may maintain offices and administer operations in Belize.
  • Meetings of shareholders and directors may be held in any part of the world.
  • There are no taxes and import duties imposed on an offshore company.
  • Offshore companies enjoy full payback of capital and profit generated from operations administered outside of Belize.
  • There are no financial statements or audit requirements.
  • Companies may be re-domiciled into and out of Belize.

Belize company registration process:

Director(s):

A minimum of one private individual or corporation and there is no residency qualification.

The director and shareholder may be the same person.

In full compliance with the laws of this jurisdiction, we can provide local (nominee) directors who will manage the affairs of the company according to your instructions.

Shareholder(s):

Every company must have at least one shareholder who may be a private individual or a corporate entity and no residency qualifications apply. If required by the beneficiary, our firm can provide nominee shareholders.

Secretary:

A secretary is not required.

If needed, we can provide the services of a physical secretary. Please contact our representative for detailed information on virtual office services.

Registered office:

A company incorporated in Belize must have a registered office by Law.

Share capital:

There are no requirements as to the mandatory payment or the minimum and maximum amount of capital. As a rule, the authorised capital is 50,000 shares with a $1 par value. Shares without nominal value can be issued and bearer shares are permitted, however the certificate of such shares must be deposited with a custodian.

Registration period:

The registration period is 7 days and Shelf companies are available.

Accounting and auditing:

No accounting and statutory audit requirements apply.

Amendments to the Offshore Companies Business Regulations legislation adopted in Belize in late 2013 introduced the following rules related to corporate and financial reporting:

1) Belize incorporated companies and corporations must maintain and keep primary accounting documentation relating to their financial affairs, provided that such documents:

  • should at any time provide an opportunity to obtain accurate assessment of the financial position of the company;
  • should facilitate preparation of financial statements of the company if needed;
  • should be adequate to verify and explain specific transactions;
  • should be kept for at least 5 years in safety and constant accessibility;

2) Primary accounting documents may be kept:

  • at the registered office of the company in Belize (the keeping of copies is sufficient);
  • at the address provided by the director as stated in the signed resolution (in this case the address designates the place of keeping the original documents) and any change of such address shall be notified within 14 days.

Belize offshore companies are obliged to maintain a register of shareholders and to keep minutes of the meetings of directors, shareholders and officers as well as copies of adopted resolutions.

In the event of a breach of the rules governing the keeping of reports, a penalty of $25 per day is imposed on the director of the company responsible.

Registrar information:

No details of beneficiary, shareholder or director are submitted to the Belize Registrar, such information is confidential and is not accessible to the public.

However, it should be noted that as of June 2013 the Government of Belize reinstated its control over the Registry of International Business Companies of Belize. This has led to uncertainty as information may be disclosed in a more simple and straightforward way compared to when this process was under the control of private business.

Belize taxation provisions:

 Belize incorporated companies are totally tax exempt:

  • income tax, tax on dividends, interest and royalty – 0%;
  • capital gains tax – 0%;
  • tax withholding at source – 0%;
  • value added tax – 0%;
  • wealth and inheritance tax – 0%.

Instead of tax, Belize corporations of any type must pay an annual registration fee based on the amount of their authorised capital:

  • up to $50,000 – $100 per year;
  • up to $50,000 with shares without nominal value – $350 per year;
  • above $50,000 – $1,000 per year.

If the company fails to pay the registration fee on time a penalty of 50% of the fee is applied.

Double tax treaties:

Belize has double tax treaties with the UK, Sweden, Denmark and some Caribbean countries.

1st year

BASIC
$1450
  • Company Incorporation
  • Government Fees
  • Corporate Document Set with Apostille
  • Registered Office
  • Agent Fees
  • Company Stamp
  • Courier
STANDARD
$2650
  • Company Incorporation
  • Government Fees
  • Corporate Document Set with Apostille
  • Registered Office
  • Agent Fees
  • Company Stamp
  • Courier
  • Nominee Director
  • Power Of Attorney with Apostille
  • Nominee Shareholder
PREMIUM
$3150
  • Company Incorporation
  • Government Fees
  • Corporate Document Set with Apostille
  • Registered Office
  • Agent Fees
  • Company Stamp
  • Courier
  • Nominee Director
  • Power Of Attorney with Apostille
  • Nominee Shareholder
  • Cyprus Bank Account Opening

2nd year

BASIC
$950
  • Registered Office Fees
  • Registered Agents Fees
  • Annual Government Tax
  • Administrative and Compliance Fees
STANDARD/PREMIUM
$2150
  • Registered Office Fees
  • Registered Agents Fees
  • Annual Government Tax
  • Administrative and Compliance Fees
  • Nominee Director
  • Power Of Attorney with Apostille
  • Nominee Shareholder

* A renewal fee is payable on 2nd January of every year irrespective of the registration date of the company. Please contact us for a detailed price list and additional information.