Belize business incorporation, also called Belize company formation, is a very popular way of offshore investment. As you know, Belize, is an independent country on the eastern coast of Central America, which is bordered on the north by Mexico, on the south and west by Guatemala, and on the east by the Caribbean Sea.
1. International Business Company- Popular form of Belize Company
International Business Company (IBC), as similar to Limited Liability Company, has become one of the most popular form of Belize company formation. It has such advantages over others:
A. No limits to areas of business conduct.
B. Exemption from taxation due to incorporation under the Belize International Companies Act.
C. High level of confidentiality of all information of directors and shareholders, one of the most attractive feature for Belize company formation.
D. Memorandum and Articles of Association are the only documents to be held on the public record.
E. permitted to open offshore bank accounts.
2. Required Documents for Belize Company Formation
A. The company name: The word Limited, Corporation, Incorporated, Society Anonyme, Sociedad Anónima, Aktiengesellschaft or an abbreviation thereof, must be part of the Company name; any language could be accepted.
B. Name and address of the directors: Only one direct with any nationality is required.
C. Name and address of the shareholders: Only one shareholder (national person or a legal entity) is required, and could be the same person as the director.
D. Proposed company activities: description of business activities you company conduct.
E. Registered Office: You must have a registered agent and registered office in Belize.
F. Authorized and Issued Share Capital: no minimum share capital required; it may be expressed in any currency; the standard version is US $50,000 (€36,850), and only a single share needs to be issued in any currency.
3. Steps of Company Registration
Once all basic information of your company is confirmed, we can start the process of document preparation and the process of registration.
A .Reserve your Company Name
B. Standard Government Duty
C. Certificate of Incorporation
D. Memorandum of Articles
E. Share Certificates
F. All documents and certificates supplied in a professional folder
G. Delivery of documents by FedEx / DHL courier
H. Provision of the Registered Office & Registered Agent in Belize
I. Compliance with local domicile requirements
4. Time for Belize IBC Formation
It takes 3-5 days to incorporate a company in Belize. After you have submitted the proposed company name to us we gain company name approval from the authorities in Belize within a few hours. We then present the Memorandum and Articles of Association of the company to the Registrar, a Certificate of Incorporation is then issued and your new company is incorporated.
5. Company Accounts
Your company does not have to keep records in Belize and there are no requirements to file accounts or a financial statement. From the start we will guide you on what accounting records need to be held.
6. Tannet Annual Renewal Service
A. Provision of the Registered Office in Belize
B. Compliance with local domicile requirements
C. Payment of Government Fees
D. Maintaining Statutory Records
E. Maintenance of Shareholder Register
F. Maintenance of Director Register
G. Statutory Due-Diligence
H. Ensuring that your company is kept in good standing through payment of the annual government fee and filing of annual documents
I. Your company is required to pay an annual government license fee, every year to maintain your company's good standing.
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China. /firstname.lastname@example.org.
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