Belize Offshore Company Formation
A Belize offshore company offers investors the opportunity to set up a company within a jurisdiction that features high levels of company privacy, as well as offering flexible operation requirements. Investors can also take advantage of the low tax rates available to international investors, which is one of the many reasons why many people choose Belize for the formation of their offshore company.
For more information on Belize offshore company formation, please Contact Us. Alternatively if you are ready to proceed with your Belize company formation, please complete our Company Application.
Belize Offshore Company – Belize International Business Company
Belize introduced its own International Business Companies Act in 1990. The Belizean IBC Act was modeled on the 1984 act of the British Virgin Islands and the 1989 IBC Act of the Bahamas.
Legal form: Belizean laws allow for the following categories of business ownership: Private Limited Companies, Limited Liability Partnership, Limited Life Companies, Joint Ventures and Cooperatives, Partnership, Sole Proprietor, Public Investment Companies and Trusts. The most popular form used by international investors for registering a Belize IBC is a private limited company. The IBC act prohibits Belize IBC from carrying out business with individuals resident in Belize, from owning an interest in real property situated in Belize (except lease property for office purposes), from conducting banking business, from carrying out insurance or reinsurance business or the business of providing registered agents/offices for companies. Otherwise, a Belize IBC may engage in any activity that is not unlawful in Belize.
Name of the company: Belize company names must end with one of the following words, or their relevant abbreviations – Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima. The following names require licensing: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered. Names denoting any connection to local, state or national Governments are generally prohibited.
Memorandum and Articles of Association: A company is incorporated in Belize by an application made to the Registrar of Companies. Memorandum and Articles of Association must be lodged with the Registrar. Memorandum specifies the activities in which the company may engage and Articles of Association specify the rules governing the internal management of the company.
Shareholders: A minimum of one shareholder is required which may be an individual or a corporate body. The details of company beneficial owners and shareholders are not part of the public records.
The share capital: There is no specific minimum capital requirement. The standard authorized share capital is US$50,000. The minimum issued capital may be one share of no par value or one share of par value. Issued shares must be fully paid. Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights are permitted.
Directors of the company: Belize IBC requires a minimum of one director. Corporate directors are permitted and there is no requirement to have resident directors. Details of the directors do not appear on the public file.
Registered office and local agent/secretary: As is called for under the BVI and Bahamian IBC Acts, Belizean companies must maintain a registered office and registered agent within Belize who may be corporate body or individual resident in Belize.
Taxation: Belize International Business Companies are exempt from Belize income tax, tax on dividends, interest, royalties, compensations and other amounts paid by a company. In addition, they are exempt from all the capital gains, estate, inheritance, succession or gift tax with respect to any shares, debt obligations or other securities of the Belize IBC’s.
Audit and financial returns: Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to keep financial records which should reflect the financial position of a company.
Meetings: The director and shareholder meetings need not be held in Belize; also there is no requirement for an Annual General Meeting. All meetings may be held outside Belize, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy.
Time needed for Belize company formation: Usually it is 1 working day, but we need up to 10 working days for legalization of the documents and delivery by courier.
In order to proceed with the formation of the Belize offshore company (Belize International Business Company) complete our Company Application Form.
Our costs and fees for the formation of the Belize offshore company (Belize International Business Company)
Belize Company Formation cost includes:
- Name check and approval
- Filling incorporation documents with the Registrar of companies
- One set of originals of all standard corporate documents
- Payment of the government fees
- Provision of registered agent and address for one year
- Provision of company secretary for one year
- Rubber stamp
Optional services (to be chosen by the client)
- Provision of nominee shareholder
- Provision of nominee director
- General Power of Attorney issued by nominee director, Apostilled
- Notarial certification
- Apostille
- Opening a corporate bank account
- Bank card application
- Certificate of Incumbency
- Certificate of Good Standing
- Provision of postal address
- Mail collection, mail forwarding
- Virtual office (please contact us for a quotation)
- Metal seal
- Extra rubber stamp
Recurring maintenance fees from 2nd year and after
- Provision of registered agent and secretary
- Provision of registered office and registered address
- Payment of annual government fee
Speak to one of our consultants for a free quotation
For DeltaQuest Corporate Services please contact:
Telephone: +357-25-878480
Fax: +357-25-761160
E-mail: corporate@deltaquestgroup.com
Mailing address: P.O.Box 57216, Limassol 3313, Cyprus
Business address: 14, Louki Akrita Str., Ayias Zonis, Limassol 3030, Cyprus
You can also fill our Contact Form
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