Belize Company Formation

BELIZE COMPANY FORMATION AND BANK ACCOUNTS

Belize IBC. Belize Company Formation.

KGN specializes in Belize Company Registration (IBC) and opening of offshore bank accounts.

Overview

Belize is a small multi-cultural Caribbean country on the eastern coast of Central America. Belize is bordered on the north by Mexico, on the west and south by Guatemala and on the east by the Caribbean Sea. The geographical area of Belize was once the site of several Mayan cities for thousands of years. These Mayan ruins, including the country’s coastal beauties make Belize a very popular tourist destination. Adding to tourism, oil, sugar and fruits are major exports of the country which help to keep the economy stable and make the Belize tax haven a possibility.

Key Benefits of Belize IBC

Exemption from all local taxes and stamp duty
Maximum confidentiality and anonymity
Ease of operation, maintenance and control
Asset security
No disclosure or minimum capital requirements
The minimum number of directors is one
The minimum number of shareholders is one
A minimum of one director is required
Corporate directors and shareholders are permitted
Incorporations within two or three days
Excellent and flexible post-incorporation follow-up services
No statutory requirement to hold annual general meetings
Highly competitive fees and costs

Belize Company Formation – Legislation

Principal Corporate Legislation

Belize IBC Act 1990 as amended.

Type of Law

Common.

Language of Legislation and Corporate Documents

English.

Type of Entity for International Trade, Investment & Tax Planning

Belize IBC (International Business Company)

Belize Offshore Company – Key Facts

Share Capital

Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.

Classes of Share Available

Registered shares, shares of no par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares

Permitted.

Restrictions on Trading

Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Agent Required

Yes.

Registered Office Required

Yes, must be maintained in the Belize.

Directors

The minimum number of directors is one. Director can be of any nationality and need not be resident in Belize. Corporate directors are permitted.

Shareholders

The minimum number of shareholders is one.

Publicly Accessible Records

No.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Exchange Control

None.

Name of an Belize IBC

Language of Name

English.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust”, “Trustee” etc. will require justification.

Name of a Company

The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every IBC.

Time to Incorporate

Two days.

Belize Company Formation Prices

Belize Company Formation Package Includes:

Company Name Check
Initial Business Approval
Preparation of Application Documents
Company Registration Fee
Certificate of Incorporation
Registered Office Address for 1 year
Registered Agent Services for 1 year
Government filing fee
Memorandum & Articles of Association
Minutes of first meeting appointing the director(s)
Share Certificate(s)
Register of shareholders
Register of directors

Starting at: $1690

Why Choose KGN?

We’ve been helping business owners since 1996

Incorporating your business is our focus

We make a complex process fast and easy

We work closely with Companies Registries to guarantee our service

Fastest offshore companies & accounts – Most competitive pricing worldwide

Services related Belize IBC Formation

KGN provides the following services:

Belize Company Formation
Registered Office and Agent Services
Company Secretarial Services
Nominee Shareholder / Professional Director
Opening of Bank Accounts
Full Administration Services
Mailing Address
Virtual Office
Trademark Registration

The Advantages of Belize Company Formation

Belize is an ideal financial location for individuals and corporations seeking to gain tax advantages with confidentiality. A Belize offshore company can be used for asset protection, estate planning, tax mitigation and privacy. The most direct path toward attaining these advantages is by the formation of an international business company, commonly referred to as a Belize Offshore Company – Belize IBC.

Government

The system of government of Belize makes it a stable country suitable for maintaining offshore companies. Belize has been independent from the United Kingdom since 1981 and is a recognized and accepted member of many international organizations like the commonwealth, the United Nations and the Organization of American states. Like other commonwealth countries which include Canada, Australia, Jamaica and New Zealand, Queen Elizabeth II remains the Head of State of Belize, while a prime minister works as the head of the Belizean government. The stability of the government is therefore guaranteed.

Taxation

A Belize IBC is exempt from local taxes including income tax, capital gains tax, dividend taxes and stamp duty on transfer of corporate shares or any other type of property. This simply means that the government of Belize does not demand taxes of any kind from any company registered as an International Business Company in the Belize Tax Haven. The only payment that a Belize IBC makes to the government is the annual business license renewal fee which is either $150 for an Authorized Capital of the Belize IBC of up to $50,000 or the fee is $1,000 for capital above $50,000.

No Annual Reports

Belize IBCs and other forms of offshore companies in the Belize Tax Haven are not required to file any financial or tax records although a law enacted in 2013 requires every Belize IBC to keep accounting records and physically maintain them either within Belize or in a different country. This rather comical situation further cements the beauty of the Belize tax haven because like every respectable business, a Belize IBC keeps accounting records, the catch is simply that the government never asks you about it.

Belize – General Information

Location: Central America, bordering the Caribbean Sea, between Guatemala and Mexico.

Area: total: 22,966 sq km ; land: 22,806 sq km ; water: 160 sq km. …

Natural resources: Arable land potential, timber, fish, hydropower.
Population: 360,346 (July 2017 est.).

Capital: Belmopan 23,000 (2018).

Time Zone: CST (UTC−6).

Languages: English (official), Spanish, Creole, Maya.

Government type: Parliamentary democracy (National Assembly) under a constitutional monarchy; a Commonwealth realm.

Legal system: English common law.

International organization participation: ACP, AOSIS, C, Caricom, CD, CDB, CELAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC (NGOs), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ITU, LAES, MIGA, NAM, OAS, OPANAL, OPCW, PCA, Petrocaribe, SICA, UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WHO, WIPO, WMO, WTO.

Economy: Tourism is the number one foreign exchange earner in this small economy, followed by exports of sugar, bananas, citrus, marine products, and crude oil.

Currency: Belizean dollar (BZD).

KGN | Belize Offshore Company Registration | Belize Company Formation

Requirement to File Annual Return