BELIZE - OFFSHORE COMPANY FORMATION, BANK ACCOUNTS

Belize is nestled alongside Guatemala in Central America, sharing a border to the north with Mexico. It's an English-speaking enclave and an independent country.
Belize is often referred to as the bridge between the Caribbean and Central America. Belize City, with a population of 70,000, is the country’s biggest city and former capital. The court system and legislation are based on British Common Law.
The first offshore legislation  (The International Business Companies Act) was implemented in 1990. Its provisions acquired the best from the British Virgin Island's similar Act. At the time being Belize remains one of the finest pillars of offshore world owing to the political stability, and Belizean offshore companies are popular owing to their low incorporation costs and strong confidentiality.

OUTSTANDING FEATURES

Corporative legislation International Business Companies Act 1990.
Form of tax-exempted company International Business Company (IBC), hereinafter company.
Authorized business activities All and any activities not prohibited by the law. Providing of banking, insurance, and re-insurance, trust services is subject to special license.
Prohibited activities Transactions with the residents of Belize, ownership of real estate on the territory of Belize.
Taxation Company is exempted from all and any taxes and duties
Name of company Must not be identical or confusingly similar to the existing ones.
The name has to include the words Limited, Corporation, Incorporated or abbreviations Ltd., Corp., Inc.
The words Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal, Trust Company, Trustee Company or other words with similar meaning cannot be used in the name of IBC company.
Who executes the foundation documents? At least two individuals whose functions are limited to signing of the foundation documents and nomination of the first director.
Equity capital of the company Equity capital of the company is established by declaration, no mandatory contribution is required, and no minimum/maximum limits are set.
Recommended equity capital US$ 50,000, divided into 50,000 shares with par value US$ 1;
Shares Authorized emission of both registered and bearer shares with or without par value;
Shareholders
- Minimum number
- Nominal shareholders
- Holders of trust equities

One natural or legal entity or bearers shares;
Permitted;
Permitted;
Does the law provide for non-disclosure of the information about actual owner of the company? Yes, the actual owner of company does not need to be registered in Belize;
Directors
- minimum number
- nationality and citizenship
- status

One natural or legal entity;
No requirements;
All the powers apart from those falling into exclusive competence of shareholders (as determined by memorandum, articles of association and/or the law);
On the territory of Belize there has to be
- registered office
- registered agent

Required;
Required;
Holding of the meeting of shareholders/directors Meetings may be hold in any part of the world, also by means of telephone communication;
Minutes may be kept at any place;
Mandatory
- keeping of accounting records
- annual account
- presentation of auditors conclusion

No;
No;
No;
Information at disposal of the registered agent Name of the registered agent and registered office; incorporation documents; register of shareholders and directors;
Agreements on exemption from None
Term of incorporation Approximately 3 weeks;
Costs of registration of company Look below
Financial year ending on: January
Possibility to purchase a ready-made company Yes

 

BELIZEAN INTERNATIONAL BUSINESS COMPANY FEES STRUCTURE

I. THE BASIC SET OF SERVICES AND DOCUMENTS:

US$ 1,080

The set includes Memorandum and Articles of Association, Certificate of Incorporation, Minutes appointing First Director(s), Annual Registration/Licence Fee for a Share Capital of US$50,000, the current year Registered Agent and Registered Office Fee, courier fee.

II. OPTIONAL SERVICES

Legalization by Apostille (recommended):US$ 230

Note. Belize is a signatory to the Le Hague Convention of October 25, 1961, and therefore the documents of the company can be authenticated via Apostille and automatically legalized in all countries having signed the convention. So, there is no need to provide expensive and time consuming legalization in consular establishments when you are opening bank accounts, setting up a branch, purchasing a real estate property, etc.

Nominee Director's Package: US$ 1,000

The Nominee Director's Package consists of personal nominee director's services and general power of attorney authenticated by Apostille for one year.

Note. Using the General Power of Attorney you would be able to sign contracts, open, manage, and close bank accounts and generally do all things what the company director would do.

Full Nominees' Package: US$ 1,400

The package consists of the Nominee Director's Package (see above) and a Nominee Shareholder services.

 

VIRTUAL OFFICES FEES:

1. Mail and fax forwarding:

The costs would be US$ 450 per year, or more depending on unusual quantity, weights, and frequency of forwarding plus mail costs. A minimum deposit at least US$ 100 to cover mail expenses is required.

2. Document re-mailing.

Service fee US$  700 per year + deposit US$  100 for handling charges.

3. Call handling.

Service fee US$  700 per year + deposit US$  100 for handling charges.

 

COMBINATION OF SERVICES

Mail and fax forwarding + document re-mailing: US$ 950 per year + deposit US$  200 for handling charges.

Mail and fax forwarding + call handling:US$ 950 per year + deposit US$ 200 for handling charges.

All three services: US$ 1,450 per year + deposit US$ 200 for handling charges.

 

IMPORTANT NOTES

  • We reserve the right to change fees without notice.
  • The payment options are: WIRE TRANSFER

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