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Offices| Aspect | Details |
|---|---|
| Fees | The cost for Belize company formation starts from $2500 |
| Timeline | It usually takes around 1 to 2 weeks for company registration in Belize. |
| Benefits |
Benefits of company registration in Belize for foreigners are as follows:
|
| Types of Structures |
Types of business structures for Belize company formation are as follows:
|
| Documents Required |
Documents required for company registration in Belize for foreigners are as follows:
|
| Top Businesses for Foreign Entrepreneurs |
Some of the top businesses for foreign entrepreneurs applying for company registration in Belize are as follows:
|
| Procedure |
The procedure for company registration in Belize is as follows:
|
| Why global entrepreneurs consider us for Belize business registration? |
Given below are the reasons why global entrepreneurs prefer us for Belize business registration-
|
Let our Enterslice consultants help you start a business in Belize and offer endless profitable business opportunities for you.
Company registration in Belize is an excellent choice for foreigners because it is considered a tax haven. The country offers various tax exemptions and incentives. It has strategic locations and a diverse consumer market. The best part of company registration in Belize is the country’s legal rules about privacy and asset protection.
Are you tired and bored because of the complex process of foreign business setup in Belize? Don’t worry because we’ve got your back here at Enterslice. Let our consultants at Enterslice help you kickstart your Business.
Low Corporate Tax Tate Slabs (1.75% - 19%)
Tax Haven
Start-up Friendly Environment
Flexible International Business Laws
Less Paperwork
Youth Population (27% of Total Population)
No Capital Gains Tax
Independent Country Near Mexico
Setting up business structures for business setup in Belize offers unique features, benefits, and flexibility to entrepreneurs looking to cater for their specific business needs. Take a look at the below-mentioned different types of structures for Belize company incorporation.
It’s a private company formed as per the Belize rules and regulations. The International Business Companies are exempt from capital gains tax and all local taxes. The names of directors and shareholders don’t appear on any public documents. There’s no minimum paid-up capital requirement for this type of business structure. Primarily used for international trade and asset protection. This type of structure is mostly recommended to global entrepreneurs.
A Limited Liability Company is owned by its members. It is in between a partnership and a company. The members are solely responsible for their liabilities. It is a flexible business structure regulated under the Belize International Limited Liability Companies Act (2011).
Each partner of this business structure has limited personal liability for debts of the partnership. Partners aren’t held responsible for other partners. This business structure is open to all Belizean citizens, permanent residents of Belize, and non-resident foreigners.
International Trusts are known as one of the most famous asset protection structures available on the international market. It is good for global entrepreneurs who want to safeguard their wealth against lawsuits, creditors, or any other financial risks. The applicant can only incorporate an International Trust with the help of a Licensed Registered Agent. The Trust Act of Belize, 1992 governs this type of business structure.
The entrepreneurs forming this type of business structure are mostly foreigners who don’t reside in Belize. Nor do they own any land in Belize except for an office, which is used for the administration of the foundation. Just like an international trust, the applicant can only incorporate an International Trust with the help of a Licensed Registered Agent.
This type of business structure is run by a single entrepreneur. The sole proprietor is responsible for all assets and liabilities. It is an unlimited liability business type.
Before starting a business in Belize, understanding the process is essential. The steps for Belize business registration are as follows:
The applicants must select the best suited business structure as per their individual preferences for Belize company incorporation.
The next step for applicants is to choose a unique company name for business name registration in Belize that is best suited for their business goals with the Belize Companies & Corporate Affairs Registry (BCCAR) as per their rules and regulations.
The next step requires the applicants to prepare and submit all the necessary documents, such as identification proofs, the company constitution, and shareholder details.
The applicants must file an online application for company registration with the Online Business Registry System (OBRS) portal of the BCCAR. All Foreigners without a Social Security ID must utilize the services of a Licensed Registered Agent to register a Business Entity in Belize.
After the submission of the documents and registration fees, the BCCAR issues a certificate of registration, officially incorporating the company in Belize.
The process for Belize company formation takes around 1 to 2 weeks, which depends upon additional approvals and banking requirements as follows:
It usually takes around 1 to 2 working days to obtain approval from the BCCAR. The applicants also have a name reservation option, which they can access through the OBRS portal. Reservation for up to 10 days is free of cost. However, the applicant can make a reservation for up to 90 days for a fee.
The time to prepare and submit the company incorporation documents like the company constitution, director, and shareholders details takes around 2 to 3 working days.
It takes around 1 to 3 working days to process the incorporation application, depending upon other approvals.
The BCCAR usually validates and approves the registration within 2 to 3 working days if all the documents meet the statutory requirements as prescribed by the Belizean laws.
There’s no specific time limit for post-incorporation processes, such as opening a bank account, obtaining various licenses and permits, and registration for tax purposes.
The list of documents required for foreign company registration in Belize are mentioned below-
Approved company name as per the BCCAR guidelines
Principal Address of Company members
Details of shareholders - Identification proof and share allocation
Social Security, Passport copies, and other valid Identification proofs
Important information of director and managers
Memorandum of Association (MoA)
Articles of Association (AoA)
Details of bank account
Necessary business licenses and permits
Other necessary documents (if any)
Yes, Foreigners without a Social Security ID can start a business in Belize by using the services of a Registered Licensed Agent to register a Business Entity in Belize. The investor-friendly business environment of Belize welcomes foreign company registration in Belize, allowing 100% foreign ownership after proper compliance with the statutory obligations of the law. Following are some key points for company registration in Belize for foreigners.
100% Foreign Ownership Allowed
99% Success Rate
A Local Registered Agent is a Must
Register from Anywhere
Online company registration in Belize offers several benefits to entrepreneurs. The key benefits of Belize company formation are as follows:
Company registration in Belize offers competitive tax benefits like tax incentives and exemptions. Furthermore, low tax rates are good for foreigners seeking entry into the Central American markets. Tax exemptions on capital gains, interest, and offshore earned revenues.
Belize is a tax haven that allows corporations to legally reduce their tax liabilities. It doesn’t share information with international taxing authorities, providing corporations and individuals with utmost confidentiality.
A haven for global entrepreneurs, online company registration in Belize is easy and smooth. Its investor-friendly climate, streamlined regulations and simple registration processes simplify the ease of doing business in Belize.
Belize has a strategic geographical location situated in different areas that are ideal hubs for company registration within and beyond the Central American boundaries.
The entrepreneurs seeking online company registration in Belize have access to a highly skilled and well-educated workforce, having a strong emphasis on English proficiency.
Details of directors and shareholders are protected under the Belize Companies Act, which further helps in bringing various investments from offshore companies.
A low-income tax rate system that provides various tax incentives such as exemptions, deductions, tax-free dividends is a motivator for newly formed businesses and established ventures.
Specific tax benefits for Belize company incorporation are as follows:
A 1.75% rate for radio and television industries, a 19% rate for companies providing telecommunication services, a 6% rate on income from vacation services; a 3% rate on income from rents, royalties, and premiums from real estate development, a 15% rate for companies that are licensed under the Banks and Financial Institutions Act, 2012, real estate commissions, and gaming and casino industries, an 8% rate for financial companies that are under a Public Investment Company (PIC) group, and a 6.5% rate for electricity companies.
Tax Exemptions on income less than BZ$75,000 per annum, interest from debentures, treasury bills and notes, or bonds by the Belizean government, rental invoices that are less than BZ$1650, and income from Export Processing Zones (EPZ).
Deductions on excise duty and donation contribution between BZ$500 up to BZ$30,000 per annum.
No tax on dividends paid by offshore companies incorporated in Belize is available to both citizens and non-residents.
A 15% tax rate on dividends and interest on loans and a 25% tax rate on insurance premiums, machinery rentals, technical services, and management fees.
The legal regulatory requirements for foreign company registration in Belize are as follows:
Following are the top industries and businesses for company registration in Belize-
Industries for Company Registration in Belize for Foreigners
10 Profitable Ideas for Belize Business Registration
Post incorporation compliance is an important step for Belize company incorporation. Key points are as follows:
Enterslice brings 10+ years of company registration in Belize consulting expertise, which secures a streamlined company formation in the business-friendly environment of Belize. Connect with our expert consultants working to provide on-time approvals for your business setup in Belize. Given below are the key reasons why Enterslice is the best choice for company registration in Belize-
Kindly take a quick look on the answers to the most asked questions on company registration in Belize for foreigners-
The cost of company registration in Belize depends on the following factors such as the business structure of the company, registration fees, and any other consultants' professional fees. It usually starts from $2500.
Depending on the different needs and business requirements, entrepreneurs can choose from different types of company registration in Belize. The following are the different types of business structures for Belize company formation:
Belize company formation requires businesses to comply to regulatory obligations, such as filing annual returns with the Belize Companies & Corporate Affairs Registry (BCCAR), taxation obligations such as filing corporate income tax returns with the Belize tax service. They must also maintain their records and update financial statements and transactions regularly.
This depends on the type of business structure such as: a hotel business must obtain a license from the local food inspection authorities.
The most profitable businesses for company registration in Belize are as follows:
Belize company incorporation offers various features that make it ideal for worldwide investment destinations. Important features include a business-friendly environment, multiple types of business structures, 100% foreign ownership, a quick and easy registration process, various tax benefits like low tax rates, tax exemptions, tax deductions, and tax-free dividends, government support through privacy laws that protect directors and shareholders and asset protection.
Company registration in Belize offers various benefits such as a low tax rate regime, tax exemptions, tax deductions, tax-free dividends, a Tax haven environment, a stable legal system for business registration and operation, investment policies that offer tax free regimes in areas specific to Export Processing Zones (EPZ) and Commercial Free Zones (CFZ), which aim to further increase the production of the export market. The laws in Belize provide protection through its Privacy laws that attract foreign investors.
Company registration in Belize is a good investment concept because it is a stable and peaceful democracy in the heart of Central America. The country has a modern infrastructure, low taxes, a skilled workforce, a business-friendly environment, and investor-friendly regulations. The country offers various lucrative benefits that position it as one of the most preferred business destinations in the world.
Belize company incorporation is a stepwise process, where each step must be completed as per the regulatory norms of Belize for hassle-free approvals and operations. Mostly, the overall process takes 3 to 10 days; however, this timeline can change depending on the approval status and discrepancies, which may delay the final approval from the concerned authority.
Yes, foreigners are allowed 100 % ownership of the business in Belize after proper company registration and various license acquisitions.
The best regions to invest in Belize are as follows:
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