Placing an order for the formation of an IBC company
The Incorporation of Belize off-shore companies is governed by the International Business Companies Act 1990 which was amended in 2000. The formation of a Belize International Business Company can take place by using an order form which can be provided by the Registry Agent. In additions you are not obliged to prepare or file any financial accounts but it is   recommended by practice to prepare or file them in your office.

The Registry Agent will check the name availability of the company (whether there is no company under such name already). In Belize the law requires that all financial service providers know the identity of their client so the actual contact details must be indicated at the Registry Agent.  This information remains confidential.

Requirements for the Registration of an IBC

  • •    Director: Minimum of one Director. Corporations are permitted.
  • •    Secretary: A secretary is not required.
  • •    Shareholder: Minimum of one shareholder. Corporations are permitted.
  • Shareholders and Directors may be the same.
  • •    Shares & Capital: The standard share capital is USD 50,000.00 divided into 50,000 shares of USD 1, 00 each. Shares can be issued with or without par value. Bearer shares are permitted, but they must be held at the registered office.
  • •    Name of the Company: Must end with one of the following suffixes: Limited or Ltd, Corporation or Corp, Incorporated or Inc, Societe Anonyme or S.A., Sociedad Anonima or S.A., Besioten Vennootshcap or B.V, Gesellschaft mit Beschrankter Haftung or Gmbh, Naamloze Vennootschap or NV. Company must have a registered office and a registered agent in Belize.

Required Documents to register the company:

  • Notarized Copy of your Passport.
  • Notarized Copy of utility bill for address verification less than 3 months old
  • Application documents.

When all the details are confirmed and the payment for the relevant fees received, the Registry Agent will prepare the Memorandum and the Article of Association of the new International Business Company. These will be filed with the Registry of International Business Companies in Belize. There is no need to sign any statutory info, the initial company formation documents are prepared and signed on your behalf by the Registered Agent always under the procedures set by the Belize International Companies Act. The Registered agent will file the corporate documents of the company, will pay the applicable registration fees and arrange for the documents to be submitted to the Belize Registrar of companies for registration. All the relevant documents will be kept in the Registered Agents office.

In addition an annual renewal fee must be paid to the Belize government. Starting from the second calendar year after incorporation the fee is due before the 31st July each year. If the fee is not paid then the company will lose its status of good standing and a 10% penalty fee if it is overdue for less than 3 months or 50% penalty for over 3 months. An annual professional fee must also be paid to the Registered Agent which is also on a yearly basis.

Belize has a gentle climate, tropical beauty and relaxed way of life which are a lure to many, whether retired, close to retirement, or still actively involved in business in order to start a business. Since English is the official language of the country, you can negotiate in English, advertise in English and search the Laws and Records easily.

Advantages of the Jurisdiction of Belize
The following are the advantages of starting a Business in Belize:

  • Belize is a small country and any new business will require less startup capital than it would need anywhere else
  • Advertising campaigns can be targeted on specific groups or target areas.
  • Full exemption from taxation on any business activity or transaction carried on outside Belize.
  • Belizean Law is based on British Common Law
  • Speedy incorporation procedures and simple ongoing administration.
  • Reasonable formation and maintenance costs and fees.
  • Complete business privacy and confidentiality.
  • IBCs may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose.
  • Registered or Bearer shares, at owner’s option.
  • Directors and/or officers can be either corporate entities or natural persons.
  • Shareholders and /or directors may hold their meetings in any country and they may attend such meetings by proxy.
  • There are no exchange controls in Belize. Although the official currency is the Eastern Caribbean Dollar the United States Dollar is commonly used.
  • Well developed professional infrastructure.
  • Neutral tax jurisdiction.
  • The Government has established a new programme allowing for multi-year work permits of up to four years duration and relaxed residency rules.
  • Same day company incorporation service. Belize provides the fastest IBC incorporation in the world, due to the highly efficient computerized registration system, introduced by the Company Registry of Belize.
  • There is no requirement for a regular Annual General Meeting. If necessary, meetings of the board of directors or shareholders may be held by telephone or other means of contact.

Belize's geographic location, convenient time zone, political and economic stability, common law legal system, educated, competent and accessible professionals, English speaking work force, up-to-date modern electronic communications and tax advantages makes doing business in Belize easy, convenient, affordable and professional.  These attributes of Belize provide the perfect balance, relating to confidence, integrity and reliability in Belize's dynamic offshore service sector. That is why Belize is often at the top of the list of places to start a new business. 

IBC Revised Act 2000
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Belize IBC Revised Act 2000