Belize Company Formation
Belize is a popular jurisdiction for company formation, especially for non-residents. It’s economically attractive due to its low taxes and simple regulations. Belize offers privacy and asset protection, making it a favored choice for international business and investment.
Time of Belize company formation takes 2 DAYS
- Personal presence not required
- Offshore company Type:
- International Business Company (IBC)
Belize Company Formation. Belize IBC Main Characteristics and the basic rules of Company registration in Belize
Belize Company Formation with BRIS Group
BRIS Group provides professional Belize company formation services for entrepreneurs and international investors seeking a secure, flexible, and tax-efficient offshore jurisdiction. Establishing a company in Belize offers strong privacy protection, asset security, and fast incorporation — making it an excellent choice for global business, wealth management, and international trade.
Our experts handle the complete Belize company registration process remotely, including corporate banking support, compliance, and ongoing administration. With BRIS Group, your Belize company will be fully compliant and ready for seamless international operations.
A Comprehensive Guide for Non-Residents to Register a Company in Belize
Belize has long been recognised as a premier offshore jurisdiction, attracting entrepreneurs and businesses worldwide seeking a stable, confidential, and tax-efficient environment. If you’re considering Belize company formation, this guide provides a comprehensive overview of the process, benefits, and considerations for non-residents.
Why Choose Belize for Company Formation?
Belize offers a compelling combination of factors that make it an attractive offshore hub:
- Political and Economic Stability: Belize boasts a stable democratic government and a growing economy.
- Confidentiality: Belizean law provides strong privacy protections for company owners and directors.
- Tax Benefits: International Business Companies (IBCs) are exempt from local taxes in Belize.
- Asset Protection: Belizean legislation offers robust asset protection mechanisms.
- Strategic Location: Located in Central America, Belize offers convenient access to North and South American markets.
Guide to Forming a Company in Belize
The process of Belize company formation is relatively straightforward. Here’s a step-by-step guide:
1. Choose a Company Name: Select a unique name that complies with Belizean regulations. We can help you check name availability.
2. Appoint Directors and Shareholders: You’ll need to appoint at least one director and one shareholder. These can be the same person or different individuals/entities.
3. Registered Agent: You are required to have a registered agent in Belize. We act as your registered agent, ensuring compliance with local laws.
4. Prepare and File Incorporation Documents: We will prepare all necessary documents, including the Memorandum and Articles of Association, and file them with the Belize International Corporate Affairs Registry (IBCAR).
5. Open a Bank Account: Once your company is registered, you can open a bank account in Belize or another jurisdiction.
Types of Companies for Non-Residents
The most common type of company for non-residents in Belize is the International Business Company (IBC). IBCs are specifically designed for offshore business activities and offer significant tax advantages.
Advantages of Belize Company Formation for Non-Residents
- Tax Exemption: IBCs are exempt from all local taxes in Belize, including income tax, capital gains tax, and stamp duty.
- Confidentiality: Information about company owners and directors is not publicly accessible.
- Asset Protection: Belizean law provides strong protection against creditors and lawsuits.
- Ease of Formation: The incorporation process is relatively quick and simple.
- No Reporting Requirements: IBCs are not required to file annual financial statements.
- Low Maintenance Costs: Annual fees are competitive compared to other offshore jurisdictions.
Disadvantages of Belize Company Formation for Non-Residents
- Reputational Concerns: Offshore jurisdictions sometimes face scrutiny, so it’s important to ensure your business activities are legitimate and transparent.
- Banking Challenges: Opening a bank account can sometimes be challenging, requiring careful planning and documentation.
- Limited Local Business: IBCs are restricted from conducting business within Belize.
What is Required for Company Registration?
To register a company in Belize, you will typically need to provide the following:
- Proposed company name
- Details of directors and shareholders (name, address, nationality, passport copy)
- Registered office address (provided by your registered agent)
- Description of business activities
Procedure and Timeframe
The Belize company formation process typically takes between 2-5 business days, depending on the complexity of the application and the responsiveness of the authorities. We
will guide you through each step, ensuring a smooth and efficient incorporation.
How We Can Help You with Our Professionals
Navigating the complexities of Belize company formation can be daunting. Our team of experienced professionals is here to assist you every step of the way. We offer a comprehensive suite of services, including:
- Company Name Availability Check: We’ll ensure your chosen name is unique and compliant.
- Document Preparation: We’ll prepare all necessary incorporation documents accurately and efficiently.
- Registered Agent Services: We’ll act as your registered agent in Belize, ensuring compliance with local regulations.
- Bank Account Assistance: We can assist you in opening a bank account in Belize or another suitable jurisdiction.
- Ongoing Compliance Support: We’ll provide ongoing support to ensure your company remains in good standing.
- Tax Advice: We can connect you with qualified tax advisors to help you understand the tax implications of your Belize company.
- Nominee Services: We can provide nominee directors and shareholders to enhance privacy (subject to due diligence).
Beyond Incorporation: Building a Successful Offshore Business
Forming a company is just the first step. We understand that you need more than just a registered entity. We can also assist you with:
- Virtual Office Services: Establish a professional presence with a Belizean virtual office.
- Accounting and Bookkeeping: Maintain accurate financial records to ensure compliance and informed decision-making.
- Legal Advice: Access expert legal advice on a range of offshore business matters.
- International Tax Planning: Optimize your tax strategy to maximize benefits and minimize liabilities.
Is Belize Right for You?
Belize offers significant advantages for businesses seeking an offshore jurisdiction. However, it’s crucial to carefully consider your specific needs and objectives before making a decision. We encourage you to contact us for a free consultation to discuss your requirements and determine if Belize company formation is the right choice for you. We’ll provide you with personalized advice and guidance to help you make an informed decision and build a successful offshore business.
Take the Next Step
Ready to explore the possibilities of Belize company formation? Contact us today to schedule a consultation and learn how we can help you achieve your offshore business goals. We are committed to providing you with the highest level of service and expertise. Let us be your trusted partner in Belize.
FAQ on Taxes in Belize
1. What is the corporation tax rate in Belize?
The corporation tax rate in Belize is set at 1.75% to 3% for specific sectors such as the International Business Company (IBC) or offshore businesses. Most local industries typically face a tax rate of 25% on their net income. Notably, companies engaged in agriculture, tourism, and specific approved sectors may benefit from reduced rates.
2. How is income tax structured in Belize?
Belize employs a progressive income tax system for individuals, with rates ranging from 0% to 25%, depending on the income bracket. The thresholds are as follows: 0% for income up to BZD 24,000; 25% for income exceeding this limit. Non-residents are taxed on Belize-source income only.
3. Is there a Value Added Tax (VAT) in Belize?
Yes, Belize implements a Value Added Tax (VAT) set at a standard rate of 12.5%, which applies to most goods and services. Certain essential items, like basic foodstuffs and healthcare services, are exempt or zero-rated to alleviate the tax burden on consumers.
4. What is the tax rate on dividends in Belize?
Dividends paid by Belizean companies are subject to a withholding tax of 15% for non-resident shareholders. Residents, however, typically do not face additional taxation on received dividends, as these are part of the individual’s income tax calculation.
5. Are there other taxes to consider in Belize?
Yes, Belize has several other taxes, including property tax, which varies based on property value, and capital gains tax, which is generally not levied on the sale of assets. Additionally, there are stamp duties and specific industry-related taxes, such as for tourism and real estate transactions.
FAQ: Offshore Company Registration in Belize
What is an offshore company in Belize?
An offshore company in Belize is a business entity incorporated in Belize that operates outside the jurisdiction where its owners reside. These companies enjoy numerous benefits such as tax exemptions, privacy, and asset protection. Belize’s legal framework is favorable to international business, making it an attractive option for investors looking to expand their operations globally.
What are the benefits of forming an offshore company in Belize?
Forming an offshore company in Belize offers several advantages, including tax benefits like no capital gains tax and no corporate tax for foreign companies. Additionally, Belize provides strong privacy laws, protecting the identities of shareholders and directors. This jurisdiction also has a straightforward and efficient registration process, making it accessible for entrepreneurs.
What is the process for incorporating an offshore company in Belize?
The process for incorporating an offshore company in Belize typically involves choosing a company name, appointing a registered agent, preparing the necessary documentation, and filing with the Belize Companies Registry. Most companies can be incorporated within a few days, depending on the complexity and completeness of the documentation submitted.
What are the costs associated with Belize offshore company formation?
The costs for forming an offshore company in Belize can vary depending on the services chosen. Initial costs often include registration fees, legal fees, and the fees for a registered agent. On average, these costs can range from a few hundred to several thousand dollars, depending on the specific requirements and services rendered.
Is it legal to operate an offshore company in Belize?
Yes, operating an offshore company in Belize is legal. Belize is recognized internationally as a legitimate offshore jurisdiction, and it provides a legal framework for companies to operate outside their home countries. However, it is important to operate within the law, and seek advice to ensure compliance with all regulations in both Belize and your home jurisdiction.
Can foreign individuals own a Belize offshore company?
Yes, foreign individuals can fully own and control offshore companies in Belize. There are no residency requirements for shareholders or directors, meaning that individuals from around the world can benefit from Belize’s offshore company formation. This makes Belize an attractive option for global entrepreneurs and investors looking to establish an international presence.
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.
About Belize
Country: Belize
Capital: Belmopan
Continent: North America
Language: Belizean Creole, Spanish
Currency: Belize Dollar (BZD)
Time Zones: GMT -6
Dial Code: +501
Abbreviations: BZ, BLZ
Helping Your Company Thrive in Belize With us, starting and running a business in Belize will be easy and efficient!
- Full support of the company’s registration in Belize: from the preparation of documents to their submission.
- Remote registration: all processes are online, wherever you are.
- Secretary and Treasurer: we can take on these important roles.
- Nominal directors and shareholders: we will ensure the confidentiality of your information.
- Help in opening a bank account: we will simplify this complex process.
- Registration for taxes, VAT and EORI: ensure all requirements are met.
- Website development: we will create a professional online representation for your business.
- Logo creation: we will design a unique and memorable logo for your brand.
- Full administrative support of the company: we will take over routine tasks.
- Mailing address organization: we provide a reliable mailing address for your business.
- Organization of the virtual office: we will ensure the professional image of your company.
- Telephone answering service: we will answer calls on behalf of your company.
- Accounting, audit and reporting: ensure accurate and timely accounting.
- Preparing and filing a VAT declaration: let’s save you the trouble.
- Interaction with local authorities: take over communication with state institutions.
- Trademark registration: protect your brand.
- More Emphasis on Customer Input.