Belize’s IBC legislation is viewed internationally as one of the most modern and user-friendly. It is particularly designed with the offshore investor in mind. A Belizean IBC is an ideal corporate vehicle for international financial transactions and allows the investor to engage in a wide variety of activities ranging from asset protection to operating bank accounts, brokerage accounts, ship ownership, commission arrangements and various other commercial transactions.
Another type of companies of international business was implemented by The Belize International Limited Liability Companies Act, 2011, which was modelled on the Nevis LLC law of 1995 and the Cook Islands LLC Act of 2008. Conceptually, a Limited Liability Company or an LLC is a hybrid between two familiar business structures, namely, a corporation and a partnership.
The difference between IBC and LLC is comparatively small, nonetheless can have significant implications. The main differences lie in ownership and management regulations:
|Income tax in Belize:||0%|
|Conduct business internationally:||Yes|
|Conduct business within Belize:||No|
|Formally considered as tax-resident in Belize:||No|
|Double-tax avoidance treaties:||–|
|Available special types of company:||
|Min. share capital:||No min required|
|Optimal authorized capital (min. state duty):||US$50.000|
|Bearer shares:||Yes but only hold in custody by the registered agent in Belize|
|Min. number of directors:||1|
|Corporate and non-resident directors:||Allowed|
|Register of Directors filed for public record:||No|
|Register of Directors:||To be kept by the Registered Agent|
|Min. number of shareholders:||1|
|Register of members:||To be kept by the Registered Agent|
|Register of Members filed for public record:||No|
|Holding of Annual General Meeting:||Not mandatory|
|Convention of Meetings of Directors / Members:||Convention of Meetings of Directors / Members|
|Keeping of accounts:||Required, with obligation to provide the Registered Agent in Belize with a written record of the physical address of the place(s) where the accounting records are kept|
|Auditing of accounts:||Not required|
|Filing of accounts:||Not required|
|Imprint of corporate seal:||To be kept by the Registered Agent|
|Disclosure of beneficial owners to Registrar:||No|
|Disclosure of beneficial owners to Agent:||Yes (confidential due diligence)|
|Redomicile a foreign company into Belize:||Yes|
|Redomicile a Belize company abroad:||Yes|
Name reservation if fairly quick process. Approval is given within the day.
A Belize IBC may not be registered under a name that is identical to the name of an existing Belize company. The registration of a new IBC in Belize may also be refused if its name so nearly resembles the name of another company as to be calculated to deceive, except where the other company gives its express consent.
The name of a Belize IBC may not contain the words “Building Society”, “Chamber of Commerce”, “Chartered”, “Cooperative”, “Imperial”, “Municipal”, “Royal”, or any word conveying a similar meaning, or any other word that, in the opinion of the Registrar, suggests or is calculated to suggest the patronage of Her Majesty Queen of England or that of a member of the British Royal Family. Similarly, the name of a Belize IBC must not suggest any connection with the Government of Belize or any of its departments.
A Belize IBC may not register the name containing the words “Assurance”, “Bank”, “Insurance” or “Trust”, or any or their derivatives or cognate expressions, unless it is specifically licensed in Belize to carry on the respective business or activities, as designated by such word.
Generally, the Registrar of Companies may refuse the registration of any particular name of a Belize IBC if, in the opinion of the Registrar, such name is indecent, offensive or is otherwise objectionable. There is a general provision in the Belize IBC Act allowing the Registrar to deny registration of any such “undesirable” name at the Registrars` discretion.
The name-endings denoting the type of company. The name of the Belize IBC must contain any of the words “Limited”, “Corporation”, “Incorporated”, “Society Anonyme” or “Sociedad Anonima” or “Aktiengesellschaft” or the abbreviations “Ltd.”, “Corp.”, “Inc.” or “S.A.” or “A.S.” or “A.G.” A company may use and may be legally designated by either the full or the abbreviated form of these limited liability designations.
The name of a Belize IBC must be registered in Roman script, but an alternative name in any other script may be registered, if it represents an accurate translation of the name registered in Roman script.
You can either fill in the Instruction form or simply send us the details:
Capital may be expressed in foreign currency. An IBC may issue bearer shares and shares of no par value; but bearer shares must be held in the custody of a local registered agent.
Our standard Memorandum of Association provides that the authorised capital will consist of US$ 50,000 divided into 50,000 shares with a par value of US$ 1.00 each or of no par value. The actual amount of the Government fee depends on the amount and type of the authorised capital of the IBC. An IBC whose authorised capital does not exceed $50,000 with all shares having a par value pays the standard fees; an IBC whose authorised capital exceeds $50,000 with all shares having a par value pays greatly increased fees; an IBC with some or all of its shares having no par value pay slightly higher Government Fees than the standard.
Provide us with Directors’ details. The minimum number of directors is one, who may be a natural person or a body corporate. The directors’ names will never appear on any public document. This information will remain confidential. In order to increase the confidentiality you may opt for Apollo nominee director’s services.
Provide us with Shareholders’ details. The minimum number of shareholders is one, who may be a natural person or a corporate body. The shareholders’ names will never appear on any public document. This information will remain confidential. In order to increase the confidentiality you may opt for Apollo nominee shareholder’s services
The documents of incorporation are the Memorandum of Association and the Articles of Association which are submitted for registration to the Registrar. The documents of incorporation are checked by the Registrar and, upon approval, a Certificate of Incorporation is issued.
The standard documents which will be included in corporate set are as follows:
Please note that further documents will be issued should you require additional services. Once the documents are ready the order is dispatched to you immediately by any courier service.
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