BELIZE BELIZE SERVICES

Business Set up in Belize

Belize is an attractive destination for doing business. If you’re interested in doing business in Belize and want to familiarize yourself with the business structures and requirements available for foreign investors to do business in Belize, then reach out to our team of experts at Enterslice to avail of quick and hassle-free expert services.

Benefits of Doing Business in Belize

 

Tax Benefits

Easy Incorporation Process

Asset Protection

Confidentiality and Financial Privacy

Flexible Corporate Structure

Legal Personality

Reduced Operating Expenses

Flexible International Business Laws

Fast and Easy Bank Account Set Up

Flexible Government License Fee

Different Types of Business Structures in Belize

The following are the eligible business structures for company registration in Cambodia:

Sole Proprietorship

A sole proprietorship business is managed by one person. This business structure is suitable for small businesses. The sole proprietor is the owner of all business assets and profits and also bears unlimited liability for all his/her debts or liabilities.

Partnership

A partnership includes two or more persons who share a single business. Partners have an agreement between them that specifies all concerns of partnership like decision making, profit sharing, dispute resolution, etc. In a partnership, a partner’s liability is closely tied to the actions of other partners.

Limited Liability Company (LLC)

An LLC is a favourable business structure for entrepreneurs who want to combine the benefits of a limited company and partnership. This business structure stands out as the members are not personally liable for the debts or obligations of the company other than the existence of legal agreements among parties.

International Business Company

An International Business Company (IBC) is a private company. It is set up in compliance with the laws of the jurisdiction. It is the most prevalent type of business entity for foreigners to do business overseas. Belize IBC is an ideal structure as it brings businesses a lot of great benefits, a major benefit being the tax exemptions from any form of local tax in Belize and minimal compliance requirements. Any IBC company enjoys such great advantages only when the company doesn’t conduct any business activity within the territory of Belize.

Public Investment Company

A public investment company is regulated under the International Business Companies Act (Part XI). This structure enjoys tax benefits upon meeting the specific requirements concerning its Net and Gross tangible assets, listed shares, shareholder structures, and other requirements as prescribed by the corresponding laws.

Trust

Belize Offshore Trust is widely opted for due to its flexibility and best asset protection. A Trust in Belize is formed under the Belize Trust Act. Belize has made further advancements to its laws of trusts which commenced with the Belize Trust Act 1992. Key advantages of using a Belize Trust are its asset protection, tax minimization, confidentiality (Trust Deed is not made publicly available), flexibility, etc.

Different Types of Taxes in Belize

 

Income Tax on Natural Persons

Consumption Tax

Corporate Tax

Environmental Tax

Hotel Tax

Land Tax

Property Tax

Stamp Duty or Transfer Tax

Excise Tax

Import Duty and Revenue Replacement Duty

About our Services

Enterslice is a market-leading management consultancy firm that offers end-to-end business set-up services, taxation, financial planning, regulatory, legal, and advisory services to entrepreneurs, young start-ups, and large corporate houses across the globe.

Our Belize Entry Strategy Service involves the following services:

About Belize Entry Strategy

Our Belize Strategy is classified into the following:

Business Set-Up Services

Our experts assist in choosing the most suitable corporate structure from sole proprietorship, partnership, limited liability company, international business company, public investment company, and trust for your business. Apart from this, we also assist in business registration, opening a bank account for the company in Belize, and post-registration compliance.

Consultancy on Managing the Business

Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory for issues related to the management of the business.

Legal Advisory Services

Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal necessary papers for your business and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.

Accounting and Audit Advisory Services

Accounting and Auditing in Belize is done in accordance with the Belize Accounting Records (Maintenance) Act. The accounting records include the necessary papers such as assets and liabilities, sales and purchases, and all financial transactions. Belize does not follow any accounting standards so the companies can prepare the financial statements according to the International Financial Reporting Standards or U.S. GAAP. Our team of experts ensure that the accounting and auditing compliance is done as per the accounting standards adopted by the company and the Belize Accounting Records (Maintenance) Act. We assist in filing various financial statements so that they depict the true and fair view of the business as of the date of preparation.

Tax Advisory Services

Our tax experts assist in filing corporate tax returns. We assist in Country-by-country reporting and in fulfilling the reporting obligations. Our team ensures that the annual tax returns are prepared as per the legislation and produced before the authority as and when required. We assist in the filing of taxpayers’ returns on the IRIS Belize online portal.

Intellectual Property Advisory Services

Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant necessary papers. Our team of IP experts also advice on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.

FAQs

Belize is a country that exempts tax on income, corporate, and capital gains. In addition to this, no information is shared with the international tax authorities. Many high-net-worth individuals and corporations use tax havens to curb their tax liabilities.

Belize is a popular hotspot for foreign investors. It has an easy process of company formation. It is a tax-free regime that not only exempts income from tax but also corporate and capital gains. The directors of the Belize companies have the option to not reveal their identity if they are not willing to do so.

The reason why you should prefer Enterslice for setting up your business in Belize is that Enterslice pays attention to details, professionals at Enterslice have a strong understanding of concepts. They have immense knowledge and are experts in their field.

The benefits of opting for Enterslice for your business set-up in Belize are as follows:

i. Professional Support

ii. 24*7 Customer Support

iii. Highly Integrated IT Team

iv. Competent Team of Lawyers, CAs, Cost Accountants, CSs, and CPAs.

v. All-inclusive solution for our clients.

Our Offerings

Why choose Us

15+ years of Industry Experience.
Global Network of CPA’s , CA’s, and Attorneys’
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.

Why Enterslice

24x7 Client relationship support desk.

Tech-enabled service delivery platform.

Dedicated foreign Investment desk.

50,000+ Network of Lawyers/Attorney’s/CA/CPA/CFA.

Strong team of Inhouse Lawyers/Attorney’s/CA/CPA/CFA

 

Individual and Dedicated professionals on every assignment.

We register 100+ Companies every Month.

Connect with Enterslice today to connect with our team of Skilled Professionals, to avail any of our Premium Services.

If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.

We partner with more than 100+ companies

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