Offshore company in Belize

Michał Gawlak

Michał Gawlak

Partner / Attorney-at-law

General information

  • 0%
    Tax rate
  • 5-7 days
    Time of establishment of the company
  • None
    Minimum capital

Belize is a Central American country south of Mexico and east of Guatemala. Its capital city is Belmopan, but the economic centre is Belize City, a port city close to the international airport. Belize is the only English-speaking country in Central America. Since independence from the UK (1981), the country has had a solid and democratic government. The main advantage of Belize is the speed of establishing companies (24 hours) and the confidentiality guaranteed by the state (the members of the company do not appear in the commercial register).

What to keep in mind

Belize is one of the few places considered to be a real offshore jurisdiction. It is probably one of the most flexible jurisdictions in the world and offers some advantages when setting up foreign companies. When considering setting up a company in Belize, the exotic image of this jurisdiction should be borne in mind. Commonly known as a tax haven, it can cause distrust on the part of customers, partners or suppliers. If your company’s good image is dominant, we would rather recommend other jurisdictions – Gibraltar, London or Dubai, because of their prestige. If you have any doubts as to which location is appropriate for your company, we would be happy to advise you.

Company registration procedure

Registration of the company:

  • Checking in the register of companies whether the chosen name is available.
  • Preparation of the articles of association and the company’s statute.
  • Submission of documents to the register of companies.

Shareholders:

There are no restrictions on the number of shareholders, however, a minimum of one shareholder is required to establish the company. Foreign shareholders and nominee service are allowed. Bearer shares are prohibited.

Management Board:

The function of a member of the Management Board may be performed by a natural or legal person. The Management Board manages the company’s affairs and represents it. In the case of using the nominee’s service, it is worth considering obtaining a power of attorney to represent the company, however, it is connected with the risk of a tax establishment in the country where the attorney operates.

Registered office:

The company must have a registered address in the territory of Belize, which will appear on the company documents and postal data of the company. It is possible to use the services of a virtual office with a dedicated telephone number.

Time to set up the company:

The time of establishing a company is about 5 days.

Minimum capital:

No minimum capital required.

Taxes and finances

Corporate income tax is 0%. No inheritance tax on inheritance of shares held by non-residents. There is also no VAT.

Accounting:

No accounting requirements. To avoid paying VAT on services and goods sold, you must prove that they were not produced in Belize – so keep records of your transactions.

Other information

Bank account

Your company will have a multi-currency bank account with Internet access to your account, VISA or ATM MasterCard card (you can obtain several cards).

Holdings

Companies in Belize may serve the role of holding companies, managing movable and immovable assets. It is therefore an ideal place to register yachts and leisure boats.

Resumption

A company registered in Belize is required to extend its operations on an annual basis, which entails, for example, the payment of stamp duty and the re-establishment of the company’s bodies.

The conditions for setting up a company

The last condition is the legality of the company both in Belize and in the country in which it will operate. The creation of a foreign company should not and must not be used to legitimise illegal activities.

Do you want to establish an offshore company in Belize?

Contact

Contact

Contact us by filling out the form at the bottom of the page.
Remember, the more information you provide us at the beginning of cooperation, the sooner we will be able to prepare an offer for you. If we deem it necessary due to the scope of the inquiry, we will offer you a paid consultation aimed at preparing an offer for you with elements of tax planning.

Payment

Payment

Choose the payment method – we accept transfers and payment by credit / debit card and blik.

The stage of collecting information necessary to establish a company

The stage of collecting information necessary to establish a company

After accepting our offer, we will send you a list of information and documents that we will need to establish a company for you quickly and efficiently. At this stage, our specialists will provide you with professional advice and experience enabling you to efficiently collect the required documents and information.

Receipt of company documents

Receipt of company documents

After registering the company, we will inform you about obtaining the documents – we can send them to you by courier, or arrange their collection at the office. If you have chosen the service of opening a bank account that requires personal appearance, our specialist will provide you with the company’s documents when assisting you in opening a bank account.

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Michał Gawlak

Partner / Attorney-at-law

Are you interested?

    The purpose of establishing the company
    Initial consultation including structure optimization
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