BELIZE COMPANY FORMATION AND BANK ACCOUNTS
Belize IBC. Belize Company Formation.
KGN specializes in Belize Company Registration (IBC) and opening of offshore bank accounts.
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
Language of Legislation and Corporate Documents
Type of Entity for International Trade, Investment & Tax Planning
Belize IBC (International Business Company)
Belize Offshore Company – Key Facts
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.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Registered Office Required
Yes, must be maintained in the Belize.
The minimum number of directors is one. Director can be of any nationality and need not be resident in Belize. Corporate directors are permitted.
The minimum number of shareholders is one.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Personal Presence Required
Double Taxation Treaty Access
Requirements to File Accounts
Requirement to File Annual Return
Name of an Belize IBC
Language of Name
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
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.
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.
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
Tags: Belize IBC | Belize Corporation | Belize Company | Belize Company Register | Belize Company Formation | Belize Offshore company | Belize Incorporation
Requirement to File Annual Return