Belize Company Formation
Are you looking into the company formation procedures in Belize? Discover how to do so here.
Company formation for an International Business Company (IBC) in Belize takes just 48 hours and is tax-free.
The country is also known for its corporate confidentiality commitment. Directors or shareholders do not have to disclose any relevant information or perform any corporate reporting apart from publishing the Memorandum and Articles of Association.
Shareholders are the only people with permission to inspect share registers.
IBCs do not need to have:
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Paid-up capital
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Be audited
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Pay local/national taxes
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Maintain a secretary or hold company meetings
Companies must provide a name, director and shareholder details along with their address to form an IBC. The director and shareholder can be the same, and only one shareholder is required (and may also be a corporation). Directors can be overseas residents. Once the company provides the corporate Memorandum and Articles of Association, and the process is complete, the registrar will issue a Certificate of Incorporation.
Belize corporate registration should be renewed annually on the 2nd of January. You must pay the pertinent incorporation fees and keep its registration current to obtain relevant documents and services from the registrar.
Benefits
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Tax-free business environment
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Zero currency restrictions
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Zero paid-up capital requirement
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No auditing
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No corporate secretary requirement nor registered office requirement
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The director can be a non-resident