Benefits of Belize Offshore Company Formation
Are you looking into Belize offshore company formation procedures? Belize offers a fast registration process which allows incorporation in 24 hours and is the first offshore jurisdiction in Central America. This jurisdiction has no local/national tax obligations and being known for its corporate confidentiality commitment, shareholders and director need not to disclose any relevant information or perform any corporate reports aside from publishing the Memorandum and Articles of Association. Corporations can be incorporated in Belize by either residents or non-residents without local ownership restrictions or requirements. The main difference is that non-residents owning legal entities must be approved by the central bank.
Thus, the Offshore Company Formation in Belize is relatively easy and hassle-free. Thus, Belize offshore is the top choice for most entrepreneurs. Skwer Group specializes in Belize LLC Formation and Belize IBC Formation company types. Our service portfolio includes company formation in UAE, accounting and taxation, bank account opening, investment consultancy and digital marketing services. Whatever your investment plans, we can provide a package of services to suit your needs.
Belize Company Formation Package
Main Characteristics of a Belize Offshore Company
|Company Type|| Limited Liability Company (LLC)|
International Business Company (IBC)
|Governing corporate legislation||Belize International Financial Service Commission while companies are regulated under the INTERNATIONAL LIMITED LIABILITY COMPANIES ACT, 2011.|
|Information published relating to company officers||There is no public register of company officers. No name is disclosed upon incorporation.|
|Accounting requirement||No accounting / reporting requirements.|
N.B. LLC should keep such accounts and records as required or needed to reflect its financial state.
|Taxation||No Taxes of any sort.|
Companies may not be responsible to pay taxes but are advised to consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
|Legislation||Modern offshore legislation.|
|Time to form||Time to form Belize offers quick & easy registry that takes only 1-2 days (upon validation of your identification documents).|
|Stability||Stable jurisdiction with a very good reputation.|
|Communication||Efficient communication means.|
|Time zone||Convenient world time zone: GMT-6|
|Secretary required||IBC and LLC: Yes|
|Paid up capital requirement||No paid-up capital requirement.|
|Renewal Date||Anniversary date of the company / Each Year|
|Basis of legal System||Under Common Law.|
|Minimum directors/shareholders||IBC - Minimum of 1 director/shareholder. |
LLC - No
|Bearer shares||Bearer shares are not permitted.|
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Scope of Services
|Services and Documents Provided (Company Formation Service Fee)||Status|
|Original Certificate of Incorporation|
|Memorandum & Articles of Association|
|Appointment of the First Director(s)|
|Resolution Adopted By First Director(s)|
|Courier the company package|
The person who wants to incorporate a new company in Belize must pay two types of Government fee. This fee depends on Belize government rules, and cannot be adjusted.
|Services and Documents Provided (Government Fee)||Status|
|Licence fee for IBCs with authorised capital of 50,000 USD or lower|
|Registered Office/Registered Agent Fee|
Belize Offshore Company Registration is ideal for?
What are the required documents for the Belize Offshore Company Formation ?
Belize Offshore Company Starting from $ 1000
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Frequently Asked Questions – Belize Offshore Company Formation
Offshore or non-resident companies are described as companies that conduct an insubstantial or zero volume of business within their jurisdiction of incorporation.
There are two primary purposes. One is tax minimization. The other is asset protection and confidentiality. Both reasons can be quite independent. Some offshore companies are not registered with any tax-reduction purpose in mind! More often, though, both of those reasons interlap and complement each other.
A Belize IBC can be incorporated using any language and must end with one of the following suffixes: Limited, Corporation, Incorporation, Société Anonyme, Sociedad Anónima or their abbreviations.
Similarly, the name of a Belize LLC must contain words to show the nature of its business structure such as “Limited Liability Company” (abbreviations “L.L.C.”, or “LLC” is acceptable).
Belize LLC and IBC difference lies in their ownership and management regulations. Particularly, Belize LLC is owned by a board of directors and has shareholder ownership. By contrast, Belize LLC, much like a combination between a limited liability company and a partnership, includes members, and managers.
A Belize IBC is not required to pay any tax on all operations conducted outside the country. Though there is a Business Tax on any enterprise that earns more than US$75,000 a year, but this tax does not apply to IBCs if all income earned is generated outside the country.
Belize LLC is exempted from corporate tax or any form of Belize tax (income tax, business tax, withholding tax, asset tax, gift tax, capital gains tax, distributions tax, inheritance tax, estate duty) on assets or income generated from outside of Belize.
There is no minimum registered or paid-up capital for a Belize IBC. The usual authorized amount is US$50,000. In addition, all issued shares have to be paid up in full. Similarly, there is also no requirement for minimum authorized capital for a Belize LLC.
There are no requirements to file accounts or to have accounts audited. Public filing is limited to certificate of incorporation, memorandum and articles of association, registered office and name and address of registered agent.
A Belize IBC is allowed to have nominee directors and shareholders to give another layer of anonymity, the details of which are not part of public record. A Belize IBC is protected from any expropriation orders by any foreign governments. Additionally, any changes of directors or shareholders are not required by Registry.
Yes. Absolutely! The entire process to open a bank account for Belize offshore company can be done remotely.
Skwer Group have more than 35 years combined experience in offshore company formation, our global network of registered agent based in more than 20 major jurisdictions, allow us to offer our clients the best services at a very competitive price.
Each client receives a tailor-made service, aligned with the latest jurisdiction laws. In addition, we also provide related services such as bank account opening and accounting services.