Company Formation Belize
Other Jurisdictions
Belize
Cost of registration
Number of Directors
Corporate tax rates
Payment of Charter Capital
Financial statements
€ 700
1
1,75%-19%
1
No
FEW WORDS ABOUT Belize COMPANY
TAXES
BENEFITS
ACCOUNTING
- The corporate tax rate ranges depending on the activity of the company - 1.75% to 19%
- The tax rate for international commercial companies - 1.75%-25%
- VAT rate - 12.5%
- Favourable tax regime
- Directors, shareholders and beneficial owner’s details are not available to the public
- Double taxation treaty signed with two countries
- Minimum of one shareholder and director
- No minimum share capital requirement
- Nominee service is allowed
- Bearer shares are permitted
- Annual account filing requirements - No
- Annual tax return filing requirements - No
- Audit requirements - No
REQUIREMENTS
TYPE OF COMPANY
- Certificate of Incorporation
- Articles and Memorandum of Association
- Bearer shares capital
- Minimum number of one shareholder
- Minimum number of one director. No residence requirement
- A secretary is not mandatory
- Notarized passport copies
- A legal registered address
Belizean offshore area implies the creation of companies in the organizational and legal form of IBC.
After the registration of the company in Belize, the client should be assured of a high level of confidentiality. The State has no public register of entrepreneurs, and all the data about the directors and founders are not available to the general public.
When registering an offshore company in Belize, it is important to take into account its scope of activities because legal, transport, banking, insurance and other fields require further relevant licenses and registration.
The tax rate for international commercial companies – 1.75%-25%
US$1.5 million and more – 1.75% taxable income
Less than US$1.5 million – 3% taxable income
Resident companies – 25% of the company’s financial turnover.
The annual fee of offshore companies in Belize depends on the size of the previously announced share capital, and the rates are fixed with the following values:
The capital range from €10,000 to €50,000, the fixed fee to the state is US$100 per year.
The capital range from €50,000 and more, the fixed fee to the state is US$1000 per year.
In a case, where the company issues shares without par value, it is mandated to transfer $350 annually to the local state treasury.
Payment should take place prior to January 31st of the year following the billing period. Otherwise, the company will be blacklisted.
IBCs incorporated on or before 16th October 2017 remain tax exempt up to 30th June 2021 and can still obtain a Tax Exemption Certificate up to 30th June 2021. The IBCs are therefore only liable to taxes in Belize if they are resident in Belize.
Double taxation treaty signed with two countries and Tax Information Exchange Agreements (TIEA).
Non-resident company registered in the territory of the state have no right to own a real estate, buy land and carry out transactions with residents of the state.
Non-residents do not need to undergo a detailed audit or submit reports, although the country’s legislation requires the maintenance of accounting records to enable reflection of offshore financial conditions in Belize upon request.
Belizean offshore areas require the establishment of businesses with the declared charter capital. The standard level is $50,000. The contribution may be done using any currency.
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HOW TO REGISTER A COMPANY IN Belize
Step 1. Check your company name in the Company Registry
Step 2. Enter your company details
Step 3. We prepares and files the necessary incorporation documents to the relevant authorities for approval
Step 4. Then we works with the client to open a corporate bank account in Belize
Step 5. We deliver the certificate of incorporation personally to the client or via courier service
Step 6. Checkout – that’s it
MORE INFORMATION
SET OF DOCUMENTS
NOMINEE DIRECTOR AND SHAREHOLDER
- Certificate of incorporation
- Memorandum and Articles of Association
- Apostille of the bound set of copies of constitutive documents
- Resolution of first shares allotment
- Share Certiciates
- Resolution effecting the issuing the Power of Attorney
- Apostilled Power of Attorney
- Director Resignation Letter
- Nominee Director’s Declaration
- Deed of Trust
- Consent Letter
CORPORATE INFORMATION
SHARES AND SHARE CAPITAL
Opportunity to purchase ready-made companies
Terms of purchasing ready-made company
Local registered office
Terms of registration
Local registered agent
Yes
1-2 days
No
1-2 days
No
Standard currency
The minimum amount of the issued capital
Bearer shares
The usual size of the authorized capital
Usual nominal value of shares
Possibility to issue shares without par value
U.S. Dollar
No
No
50000
USD 1
No
DIRECTOR AND SECRETARY
SHAREHOLDER AND BENEFICIARY
Minimum number of directors
The requirement for residency directors
Director of legal entities are allowed
The data reveals to the local agent
Data field to the public registry
The requirement for the presence of the Secretary
Requirement to the residense of the Secretary
Requirements to qualification of the Secretary
Legal entity as the Secretary
1
No
Yes
Yes
No
No
No
No
No
Minimum number of shareholders
Data is entered in the public register
Shareholders residency requirement
Information about the beneficiary is disclosed
Information may be disclosed to the local agent
Shareholders-legal entities are acceptable
1
No
No
No
No
Yes
TAXATION
REPORTING
VAT
Basic corporate tax rate
Capital gains tax
Currency control
Stamp duty
No
1.75-19.00%
No
No
No
The requirement for filing reports
Open access to reports
Statutory audit
The requirement for filing Annual Return
Open access to the Annual Return
The requirement for reports
Treaty on avoidance of double taxation (States which signed)
Membership in the OECD
No
No
No
No
No
No
18
No
Corporate tax rates details. The companies with income greater than USD37,500 per year will be subject to the payment of business tax every month as per the tax rates applicable to business type, this will count as a credit toward annual tax assessments. Business tax will be on gross receipts. Business tax rates range from 1.75% to 19%, depending on business type.
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Our lawyers have already registered hundreds of companies in different parts of the world, and they know all the subtleties and underlying potential problems when registering companies in the necessary jurisdiction. You will save your time and money by applying for us.
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