Setting up an offshore company in Belize

The main characteristics of a company in Belize

We have briefly summarised for you the most relevant aspects concerning company formations in Belize:

An IBC in Belize guarantees complete anonymity. The beneficial owners of the company – trustees or persons with power of attorney are also possible – will not be entered into a register. We can provide such persons for you (both directors and shareholders).

You are not obliged to hire a company secretary.

The attractive tax environment is of course one of Belize’s remarkable features. Apart from a small annual lump-sum tax of 100 US dollars, you will be exempted from taxation. With the exception of property transactions and trade with the inhabitants of Belize, which are not permitted, you will be independent in your business activities.

With a company in Belize, you will save a lot of money and time that you probably used to spend on red tape and bookkeeping. You will be neither obliged to issue invoices or keep receipts nor will you have to create or publish a balance sheet. Member / Shareholder meetings do not have to take place in Belize – they can also be held via telephone.

There are no minimum share capital requirements. However, it is common practice to list 50,000 US dollars as virtual share capital, but you do not have to deposit this amount of money.

The member(s) / shareholder(s) as well as the director can be persons with power of attorney who neither operate nor reside in Belize. BelizeYellow offers the provision of natural persons or corporate entities.

Belize companies are set up within a maximum of 48 hours. The formation costs are very low as are the annual renewal fees.

Thanks to international regulations, you will be able to enjoy full flexibility and protect your assets in the best possible way.

With more than 20 years of experience in offshore company formation, our experts at BelizeYellow will be pleased to assist you with the formation of your IBC in Belize. We will be happy to give you professional advice before you start setting up your offshore company, and you can rely on us to find the right solution to your request. After the formation of your offshore company, we will be still at your disposal and continue to offer you a wide range of services.

Why would I want to set up a company in Belize?

No taxes. Belize is generally considered a tax haven: with regard to the fact that profit generation takes place outside Belize, you will enjoy complete tax exemption in the country.

You may operate an office with employees.

If you establish an IBC(International Business Company) in Belize (an offshore company) you will obtain complete exemption from tax on the total income of the IBC. Moreover, you will be exempt from taxes applied to dividends paid by the IBC. Another advantage: rents, interest rates, licence fees and other payments made by the company are also exempted from taxation.

No red tape burden. In Belize, you are not legally obliged to maintain bookkeeping or accounting records. In contrast to the home country, you are not required to keep receipts and invoices. With that, you are no longer obliged to constantly verify whether you are still meeting legal requirements or not (which might result in penalties).

No currency restrictions. The offshore company has an anonymous bank account which the company owner can use at any time (via net banking). Therefore, you will not be subject to any restriction neither with regard to your actions / when you are using the bank account nor regarding the currency you are working with.

No disclosure of personal data. Complete anonymity of the company owner guarantees that the company can operate independently and that assets are protected – creditors or former spouses thus will not be informed about the company owner’s activities.

Belizean citizenship is not required.

Complete anonymity can be guaranteed as the company owner(s) is / are not entered in a public register.

The IBC does not require more than one director and one company member / shareholder. It is part of our service to provide you with a director / shareholder upon request.

No specific profession needed. The IBC’s activity is not linked to the sector you are working in – the company’s operations can cover all areas.

What must be considered when setting up a company in Belize?

BelizeYellow will be happy to inform you about your possibilities, and will explain to you in detail the points you will have to consider when setting up your offshore company.

To avoid unpredictable risks, companies in Belize should maintain a “Registered Office” as well as a “Registered Agent”. Upon request, we can provide you with both. This is called “minimum presence” in Belize. Therefore, it is not imperative to have a fixed establishment in Belize.

What will the business name of a company in Belize look like?

It is you who chooses the business name of the offshore company. As part of the company formation process with BelizeYellow we will of course check whether your desired business name is still available. Should this not be the case, we will search for suitable alternatives.

However, there are some words that must not be included in the business name such as Bank, Trust, Royal, Chamber of Commerce, Imperial, …

A company in Belize can have several different legal forms.

Here are some examples:

AG(Aktiengesellschaft)

Ltd (Limited)

Corp (Corporation)

Inc (Incorporation)

and many others

Which different steps will be taken when setting up a company in Belize?

An expert of Belize will conduct an in-depth discussion with you about your individual situation. Any information you provide will be treated confidentially – you can count on our discretion. In this context, we would like to point out that you are not obliged to give us exact details concerning your project. Only a few details are needed for the establishment of your company.

We will check the availability of your desired business name. After the business name has been determined and all necessary documents are completed, you will have to fill in the order form. Then, the company can be entered into the Offshore Register (authorities will not have access to any business information). Normally, the process of setting up an offshore company will take no longer than seven days. You will also receive all company documents within this period of time.

If you use our services, it will not be necessary for the company founder to personally enter the country.

Setting up an offshore company with Belize: which services are included?

We will assist you during all stages of the setting up of your offshore company: we will provide you with tailor-made information and all necessary documents (Memorandum, incorporation applications, Certificate of Incorporation, purchase agreements, general Power of Attorney, employment contract and other documents). In addition to this, we will also open an anonymous bank account for you with net banking and debit card / credit card. Upon request we can provide a nominee director and a nominee shareholder for you or offer office service.

With which countries does Belize have a double taxation convention?

Belize has double taxation conventions with Austria, England, Sweden and CARICOM region countries (Countries of the Caribbean Community).

The formation of an IBC in Belize

Setting up an IBC (International Business Company) in Belize

By definition, an IBC is a private corporation that solely focuses on “international business”, i.e. on “international business activities”.

If you want to set up a company in Belize, the business name will contain one of the following suffixes to define the company’s legal form: Ltd (Limited), Corp (Corporation), Inc (Incorportion), SA (Société Anonyme) or SA (Sociedad Anónima).

You are almost given free reign when choosing the name of your company; it may be in any language. Only sensitive or restricted names, e.g. names which refer to banks or might indicate that a particular country or government supports your company, may not be used.

IBC’s can be established rather quickly in Belize given that not many requirements are to be met. Within a maximum of 48 hours you can start operating your business offshore.

We at BelizeYellow will set up your offshore company.

BelizeYellow offshore company formation services include:

  • licence for the company name
  • member agreements / shareholder agreements
  • the company’s Articles of Association
  • Certificate of Incorporation
  • consultation services
  • Registered Office in Belize
  • optional: individual enquiries / special requests

Important information on the position of director of an IBC in Belize:

Only one director is required for an IBC in Belize. The person who fills the position of director can be of any nationality and reside anywhere in the world – it is therefore not necessary to take up residence in Belize. The director’s name will not be entered into a public register.

The director can be a natural person or a corporate entity.

We at BelizeYellow will be happy to provide you with a nominee director if required.

Important information on the company members of an IBC in Belize:

The members of an IBC in Belize can be of any nationality with domicile or registered residence in a country of their choice (worldwide). Only one member is required who can be the same person as the director. Any number of members is possible. Members can be natural persons or shareholders.

BelizeYellow offers the provision of nominee shareholders.

The share capital

It is not necessary to deposit share capital. However, 50,000 US dollars are usually listed as virtual capital.

Tax Haven Belize

Belize, a tax haven

Belize is a very popular destination regarding the formation of offshore companies as, with the exception of an annual rate of 100 US dollars (the so-called lump-sum tax), the country does not levy taxes. In Belize, you will enjoy tax exemption. Moreover, you will save costs and effort formerly spent on bookkeeping, accounting and reporting. You are not obliged to maintain accounting records, issue invoices or publish balance sheets. This will save you time and money spent on tax consultants, audits, stamp duties etc.

The set-up process of offshore companies in Belize will only take a few hours. After this short period of time, the companies will be fully operational. Your offshore company in Belize will only be subject to a few requirements which you will be able to observe without much effort.

Therefore, Belize offers many financial advantages to entrepreneurs looking for a tax haven to set up an offshore company.

However, Belize is not only financially attractive because of its favourable tax environment. It also has relaxed banking laws and interesting financial agreements with authorities of jurisdictions worldwide.

Banking secrecy is taken very seriously in Belize and therefore no data (e.g. processed by your bank or related to financial transactions) is passed on to third parties. Offshore companies are subject to strict secrecy regulations which are observed at all times. Modern offshore laws guarantee full flexibility, the best possible protection of your assets and the optimization of your tax level.

As Belize is the only country in Central America to be a member of the British Commonwealth, all of its laws and court rulings are in accordance with the English constitutional law.

Offshore company owners in Belize will only be subject to the following restrictions:

  • no property acquisition or property trading in Belize
  • no business dealings with inhabitants of Belize

Setting up an offshore company in Belize is a very attractive way of protecting your assets, saving a lot of money and establishing and conducting your own business with little effort thanks to the country’s favourable tax environment and strict data protection rules. We at Belize-company.net™ will set up your company within a few hours. The company management will not take a lot of effort (no bookkeeping, no accounting, etc.)