Belize

Belize

Belize

Offshore in Belize is an efficient solution for your international business. Due to the low cost of the company incorporation and maintenance as well as the tax exemption your expenditures will be much less.

1. GENERAL INFORMATION ABOUT BELIZE

Belize is an independent state and a member of the Commonwealth of Nations. Belize became independent of the UK in 1981.
      •    Geographical location of Belize – North-East of Central America.
      •    Population – 215,000 people.
      •    Total area – 23,000 sq. m.
      •    Official language – English.
      •    Currency – Belize dollar (BZ$).
Today Belize is one of the most popular offshore centers of the world.

2. ADVANTAGES OF A BELIZE OFFSHORE COMPANY

      •    Low cost of the company’s registration.
      •    No reporting required.
      •    Maximum confidentiality granted.
      •    A nominal service may be used.

3. REQUIREMENTS OF A BELIZE OFFSHORE COMPANY

The offshore companies are not allowed to render services to the Belize residents or own any real estate in the Belize. There are restrictions to use the words "Bank", "Insurance Company", "Trust", and "Royal" in the title of the company.

4. SHAREHOLDERS

* At least one natural person or legal entity (shares to bearer are allowed).

5. DIRECTORS

Only one director is required to maintain the company. The director may be non-resident of Belize, either natural person or legal entity. Services of the nominal director and shareholder are allowed.

6. REPORTING

* Not required.

7. SHARES

      •    It is not necessary to pay the share capital.
      •    Shares may have or have not nominal value.
      •    Shares may be issued in any currency, to bearer and transferrable.
      •    Only one shareholder is required. The shareholder may be of any citizenship and either natural person or legal entity.
      •    One person may be both the director and the shareholder.
      •    Nominal service may be used to ensure confidentiality.

8. TERM OF REGISTRATION OF A BELIZE OFFSHORE COMPANY

The total period of time required to incorporate a Belize offshore company is 10 - 14 days of which registration takes 1 – 2 days, notarisation and apostillisation takes 2 - 3 days and the rest is required to prepare the power of attorney and other relevant documents.

 

The registration of a Belize offshore company consists of the following steps: 

      •    Check the name of the offshore company with the Registrar.
      •    Prepare the documents.
      •    Pay the taxes.
      •    Register the company with the Registrar.
      •    Notarise the documents.
      •    Deliver the documents.

Supplied documents:
      •    Memorandum and Articles of Association.
      •    Appointment of the First Director.
      •    Certificate of Incorporation.
      •    Minutes of the First Meeting.
      •    Share Certificates.
      •    Register of Directors.
      •    Register of Shareholders.
      •    Seal.

If the nominal service (full package) is used, then the set of documents also includes the apostillised Power of Attorney, the Declaration of Trust issued by the nominee shareholder, the Undated Nominee Director Resignation Letter, and signed but not filled Share Transfer Form.