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OFFSHORE COMPANY FORMATION
Belize - IBC
This little known small country in Central America offers truly excellent opportunities for the formation of IBC-type companies. Thanks to more than two decades of stability it is one of the most popular jurisdictions, among LAVECO clients, too.
 
Status Parliamentary democracy
Area, sq.km: 22,966
Population: 333,200 
Capital: Belmopan
Business language: English
Currency: Belize dollar (BZD)
Location: on the Caribbean coast of northern Central America
Map
Time zone: GMT -7

 

INCORPORATION DATASHEET

Method of incorporation / registration:

The Memorandum and Articles of Association must be signed by the subscriber. The subscriber must be a local person licensed for the purpose.
Company legal form: Private Limited Company by shares
Company status: International Business Company (I.B.C.).
Source of corporate legislation: Common Law - International Business Companies Act, 1990.
Possible suffixes to company name: Ltd., Limited, Incorporated, Inc., S.A., Corp., Corporation.
Restrictions on company name: The terms Bank, Imperial, Insurance, Chamber of Commerce, Trust, Trustee and Royal may not appear in the company name.
Time required for incorporation: 2-3 weeks.
Number of directors: Minimum 1 of any nationality.
Number of shareholders: Minimum 1.
Capitalisation: No minimum.
Accounting / reporting requirements: Accounts not required, but documents of transactions must be kept.
Type of shares: Bearer and registered. Bearer share certificates must be kept by the registered agent in Belize.
Annual tax and duties: Minimum 100 USD if the authorized capital is less than 50 000 USD
Information publicly available: Registered office and registered agent.
Disclosure of beneficiaries: Not required.
Registered office: Local registered office is required by law.
Registered secretary / agent: Local registered agent is required by law.
Double tax treaty: Belizean IBCs are not subject to DTTs.

 

COMPULSORY COSTS (payable prior to registration)

FORMATION FEES
Incorporation fee: 200 USD
Notarial certification: 200 USD
International authentication (Apostille): 110 USD
Legal expenses, filing fees and stamp duties: 100 USD
Issuing of share certificates and initial minutes and forms: 80 USD
Corporate seal: 50 USD
Courier fees: 50 USD
Subtotal: 790 USD

 

ANNUAL FEES
Registered office and registered agent: 780 USD
Annual tax and duties: 150 USD
Due diligence checking fee:  100 USD
Annual accounting declaration:  100 USD
Subtotal: 1130 USD
Total:

 1920 USD


* The annual fees for the first year are payable at the time of incorporation, and include the tax and registered agent fees for the calendar year in which the company is incorporated.

 
The amount of 1 130 USD, payable annually, is due in the year following incorporation as follows:

  • for companies incorporated between January and July, by the first day of the month preceding the month of incorporation, but by July 1st at the latest
  • for companies incorporated between August and December, by July 1st of the subject year.

Failure to pay the annual fees will result in the company being struck off the register of companies.

The amount of 1920 USD includes the following services: formation of the company, duties payable to the local authorities for the registration of the company, registration-related administration, provision of registered office and agent for 1 year, annual tax for the 1st year, delivery of the company documents to the relevant office of the LAVECO Group, handmade luxury leather corporate kit containing the following documents: Certificate of Incorporation, Memorandum & Articles of Association, Appointment of First Directors, bound copy of the 3 documents mentioned above with notary public and international (Apostille) certification, minutes of directors’ and shareholders’ meetings, share certificate(s), registers of directors and shareholders, company seal, company stamp. The price contains no hidden costs.

OPTIONAL COSTS
Nominee director (private person): 890 USD
Nominee shareholder: 0 USD
Certificate of Incumbency: 330 USD
Power of Attorney with Notarial Certification: 390 USD
Notarial Certification or Apostille: 160 USD
Certificate of Good Standing: 330 USD
In cases where the total number of attorneys, shareholders and beneficiaries in a company is more than 5, a supplement of 100 USD will be payable for each additional person.
Annual data administration and processing fees 
 Data administration fee  195 USD
 Data processing fee 
 Category I: dormant 
(no transactions)
 100 USD (25 USD / quarter year)
 Category II: small company 
(1 - 25 transactions/ year)
 200 USD (50 USD / quarter year)
 Category III: middle-sized company 
(26 -75 transactions/ year)
 400 USD (100 USD / quarter year)
 Category IV: big company 
(76 - 150 transactions / year)
 600 USD (150 USD / quarter year)


LAVECO Ltd. is pleased to offer its clients shelf companies in Belize which are available at the same cost. In the case of purchase of a shelf company the paperwork and documentation involved can be completed in 1 week. Contact our office for details and a list of shelf companies!

SHELF COMPANY PACKAGE

Ready-made company in Belize with nominee director and nominee shareholder, certified power of attorney, incorporation fees and annual fees for the calendar year in which the company is incorporated:

3200 USD 

Fees payable from the second year.
Annual tax and duties, registered office and registered agent, nominee director and nominee shareholder and notarised Power of Attorney, Due diligence checking fee, Annual accounting declaration:
2410 USD
Related news:
Belize took over its offshore registries    17.06.2013
Special offers on the LAVECO website extended    01.06.2013
Twelve New Signatories To OECD Multilateral Convention    30.05.2013
No Tax Changes For Belize In 2013-14 Budget    06.03.2013
Changes in the laws in Belize    07.01.2013
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