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Spanish [av_section min_height=” min_height_pc=’25’ min_height_px=’500px’ shadow=’no-border-styling’ bottom_border=’no-border-styling’ bottom_border_diagonal_color=’#333333′ bottom_border_diagonal_direction=” bottom_border_style=” padding=’default’ custom_margin=’0px’ custom_margin_sync=’true’ av-desktop-custom_margin=” av-desktop-custom_margin_sync=’true’ av-medium-custom_margin=” av-medium-custom_margin_sync=’true’ av-small-custom_margin=” av-small-custom_margin_sync=’true’ av-mini-custom_margin=” av-mini-custom_margin_sync=’true’ svg_div_top=” svg_div_top_color=’#333333′ svg_div_top_width=’100′ svg_div_top_height=’50’ svg_div_top_max_height=’none’ svg_div_top_opacity=” svg_div_bottom=” svg_div_bottom_color=’#333333′ svg_div_bottom_width=’100′ svg_div_bottom_height=’50’ svg_div_bottom_max_height=’none’ svg_div_bottom_opacity=” fold_type=” fold_height=” fold_more=’Read more’ fold_less=’Read less’ fold_text_style=” fold_btn_align=” color=’main_color’ background=’bg_color’ custom_bg=” background_gradient_direction=’vertical’ background_gradient_color1=’#000000′ background_gradient_color2=’#ffffff’ background_gradient_color3=” src=’https://www.fionzaglobal.com/wp-content/uploads/2023/08/atlantis-resort-bahamas-1470×600-1-300×122.jpg’ attachment=’2070′ attachment_size=’medium’ attach=’scroll’ position=’top center’ repeat=’stretch’ video=” video_ratio=’16:9′ overlay_enable=’aviaTBoverlay_enable’ overlay_opacity=’0.5′ overlay_color=’#000000′ overlay_pattern=” overlay_custom_pattern=” custom_arrow_bg=” fold_overlay_color=” fold_text_color=” fold_btn_color=’theme-color’ fold_btn_bg_color=” fold_btn_font_color=” size-btn-text=” av-desktop-font-size-btn-text=” av-medium-font-size-btn-text=” av-small-font-size-btn-text=” av-mini-font-size-btn-text=” fold_timer=” z_index_fold=” css_position_z_index=” av-desktop-css_position_z_index=” av-medium-css_position_z_index=” av-small-css_position_z_index=” av-mini-css_position_z_index=” id=” custom_class=” template_class=” aria_label=” av_element_hidden_in_editor=’0′ av_uid=’av-rdc84c’ sc_version=’1.0′]
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[av_heading heading=’Register Company in Belize’ tag=’h1′ style=’blockquote modern-quote’ subheading_active=’subheading_below’ show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#ffffff’ subheading_color=’#ffffff’ seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llqj5p17′ sc_version=’1.0′ admin_preview_bg=”]
Fionza Consultants offers comprehensive assistance for seamless company registration in Belize. Our all-inclusive service package encompasses Belize company registration, facilitation of corporate bank account opening, and management of accounting and tax obligations. Choose Fionza Consultants as your ultimate one-stop solution to initiate your business legally and efficiently in Belize.
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[av_notification title=’Belize’ icon_select=’no’ icon=’ue800′ font=’entypo-fontello’ close_btn=” cookie_lifetime=’60’ size=’large’ color=’blue’ custom_bg=’#444444′ gradient_bg_direction=’vertical’ gradient_bg_1=’#000000′ gradient_bg_2=’#ffffff’ gradient_bg_3=” custom_font=’#ffffff’ nb_border=” nb_border_width=” nb_border_width_sync=’true’ nb_border_color=” border=” border_radius=’30px’ border_radius_sync=’true’ box_shadow=’outside’ box_shadow_style=’3px,3px,3px,0px’ box_shadow_color=” sonar_effect_effect=” sonar_effect_color=” sonar_effect_duration=’1′ sonar_effect_scale=” sonar_effect_opac=’0.5′ custom_class=” template_class=” av_uid=’av-llqj636r’ sc_version=’1.0′ admin_preview_bg=”]
Company Registration – 1 Week
Local Director? – No
Bank Account Opening – 4 Weeks
Travel Required – No
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[av_heading heading=’Register company in Belize: Introduction’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llqj6h90′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]
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Streamlining the Belize company registration process is hassle-free when you have a clear understanding, and Fionza Consultants is here to guide our international clients through every step. Entrust us with Belize company registration, and free up your time and resources for more critical business endeavors.
As a newly independent Caribbean nation since 1981, Belize boasts a strategic location bridging Central America and the Caribbean. Its commitment to attracting foreign investments is evident in the International Business Companies Act, leading to the establishment of over 15,000 new companies. Fionza Consultants, with our efficient approach, ensures a smooth Belize company formation experience, aiming for operational readiness within the specified timeframe.
Embrace our lean-and-mean mentality as our expert team navigates you through the entire Belize company formation journey. Our comprehensive service package covers all your needs:
- Company registration with the Belize Companies and Corporate Affairs Registry
- Local company secretary and registered address
- Corporate bank account opening
- Financial license applications
- Annual accounting and tax services.
Count on Fionza Consultants for a seamless process and efficient Belize company registration tailored for your success.
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[av_one_full first min_height=” vertical_alignment=’av-align-top’ space=” row_boxshadow=” row_boxshadow_width=’10’ row_boxshadow_color=” custom_margin=” margin=’0px’ av-desktop-margin=” av-medium-margin=” av-small-margin=” av-mini-margin=” mobile_breaking=” mobile_column_order=” border=” border_style=’solid’ border_color=” radius=” min_col_height=” padding=” av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” svg_div_top=” svg_div_top_color=’#333333′ svg_div_top_width=’100′ svg_div_top_height=’50’ svg_div_top_max_height=’none’ svg_div_top_flip=” svg_div_top_invert=” svg_div_top_front=” svg_div_top_opacity=” svg_div_top_preview=” svg_div_bottom=” svg_div_bottom_color=’#333333′ svg_div_bottom_width=’100′ svg_div_bottom_height=’50’ svg_div_bottom_max_height=’none’ svg_div_bottom_flip=” svg_div_bottom_invert=” svg_div_bottom_front=” svg_div_bottom_opacity=” svg_div_bottom_preview=” fold_type=” fold_height=” fold_more=’Read more’ fold_less=’Read less’ fold_text_style=” fold_btn_align=” column_boxshadow=” column_boxshadow_width=’10’ column_boxshadow_color=” background=’bg_color’ background_color=” background_gradient_direction=’vertical’ background_gradient_color1=’#000000′ background_gradient_color2=’#ffffff’ background_gradient_color3=” src=” background_position=’top left’ background_repeat=’no-repeat’ highlight=” highlight_size=” fold_overlay_color=” fold_text_color=” fold_btn_color=’theme-color’ fold_btn_bg_color=” fold_btn_font_color=” size-btn-text=” av-desktop-font-size-btn-text=” av-medium-font-size-btn-text=” av-small-font-size-btn-text=” av-mini-font-size-btn-text=” animation=” animation_duration=” animation_custom_bg_color=” animation_z_index_curtain=’100′ parallax_parallax=” parallax_parallax_speed=” av-desktop-parallax_parallax=” av-desktop-parallax_parallax_speed=” av-medium-parallax_parallax=” av-medium-parallax_parallax_speed=” av-small-parallax_parallax=” av-small-parallax_parallax_speed=” av-mini-parallax_parallax=” av-mini-parallax_parallax_speed=” fold_timer=” z_index_fold=” css_position=” css_position_location=” css_position_z_index=” av-desktop-css_position=” av-desktop-css_position_location=” av-desktop-css_position_z_index=” av-medium-css_position=” av-medium-css_position_location=” av-medium-css_position_z_index=” av-small-css_position=” av-small-css_position_location=” av-small-css_position_z_index=” av-mini-css_position=” av-mini-css_position_location=” av-mini-css_position_z_index=” link=” linktarget=” link_hover=” title_attr=” alt_attr=” mobile_display=” mobile_col_pos=’0′ id=” custom_class=” template_class=” aria_label=” av_uid=’av-fkd0ik’ sc_version=’1.0′]
[av_heading heading=’What is a tax haven and why is Belize regarded as one?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llqj7h0k’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]
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As the name implies, tax havens typically boast negligible or zero tax rates, often associated with illicit activities like tax evasion. These jurisdictions also offer high privacy levels, political stability, economic security, and a business-friendly environment for both foreigners and residents.
Although Belize embodies these qualities, it was removed from the European Union’s (EU) blacklist in 2019. Despite no longer officially labeled as a tax haven by the EU or Financial Action Task Force standards, the perception persists.
This enduring perception may stem from Belize’s exemption of many income sources from taxation. International Business Companies (IBCs) in Belize, for instance, enjoy exemptions from corporate and capital gains taxes, and there is no inheritance tax or stamp duty charges.
While the allure of a tax-free environment exists, Fionza Consultants urges a careful consideration of the drawbacks before opting for a company setup in a tax haven. Generally, Fionza Consultants recommends establishing offshore companies in more reputable jurisdictions like Singapore, Hong Kong, the UK, Ireland, Liechtenstein, or the UAE, especially when enhanced credibility is crucial for your company’s business operations.
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[av_heading heading=’What are the new economic substance requirements and how do they affect businesses looking to register company in Belize?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llqj8mwq’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]
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As part of its commitment to align with EU standards and enhance tax compliance, Belize introduced the Economic Substance Act in October 2019, overseeing the nation’s economic activities. This legislation aims to prevent the use of corporate structures that attract profits without reflecting genuine economic activities in Belize, mitigating harmful tax practices and fostering a more legitimate business environment. The goal is to distance Belize from its traditional associations with tax havens.
Entities subject to the new requirements for registering a company in Belize include IBCs licensed by the Belize International Financial Services Commission, as well as those engaged in banking, insurance, fund management, financing and leasing, headquarters, shipping, distribution, and service center businesses. Holding companies involved in these activities are also covered, with exceptions for those holding only tangible assets or a bank account without engaging in the specified activities. Pure equity holding companies have reduced substance requirements.
Companies must demonstrate a certain level of core income-generating activities by meeting criteria such as adequate annual operating expenditure, a sufficient number of qualified full-time employees, and an adequate number of physical offices. To establish substantial economic presence in Belize, companies must conduct board meetings in the country, maintain meeting minutes and records in Belize, and ensure the board has the necessary knowledge and expertise.
Non-compliance with reporting requirements within nine months of the fiscal year-end may result in administrative penalties or removal from the Company Registry. Tetra Consultants, before engagement, provides advice on relevant economic substance regulations based on intended business activities. The team assists with establishing a local office, recruiting local employees, and ensures timely reporting through annual reminders. Choose Tetra Consultants for comprehensive support in navigating Belize’s economic substance regulations for your business.
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[av_heading heading=’How long does it take to register company in Belize and open a corporate bank account?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llqjho36′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]
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Fionza Consultants streamlines the Belize company registration process seamlessly, ensuring swift and efficient service. Once we receive the necessary due diligence documents for directors and shareholders, our team conducts a name search with the Belize International Business Companies Registry to secure your preferred name.
To file your application, companies are required to go through a listed financial or corporate service provider. Fionza Consultants will not only guide you through this process but also provide a designated service provider to assist with your application filing.
Expect Fionza Consultants to complete the Belize company registration in just one week. Within the same timeframe, you will receive crucial documents, including your Company Registration Certificate and the Memorandum and Articles of Incorporation.
Following successful company formation, Fionza Consultants supports you in opening a corporate bank account with your preferred onshore or offshore bank, a process typically taking around 4 weeks.
Engaging Fionza Consultants allows you to commence operations with your Belize company within 5 weeks. Our team of Chartered Accountants is poised to deliver a comprehensive suite of services, ensuring ongoing compliance with regulations. From monthly bookkeeping to the preparation of fiscal statements and annual tax return filings, Fionza Consultants is your trusted partner for sustaining the success of your newly incorporated company.
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[av_heading heading=’Can a foreigner register company in Belize?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llqjk9pu’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]
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Launching a business in Belize is highly accessible to foreigners, with 100% foreign ownership actively encouraged under the International Business Company Act. Following amendments to local corporate law in 2019, International Business Companies (IBCs) in Belize now enjoy expanded freedoms, no longer facing restrictions on various activities. Post-2019, Belize IBCs can legally engage in business with locals, open local bank accounts, acquire real estate, hold shares in Belizean businesses, and conduct trade and investment activities within the jurisdiction, making IBC registration an advantageous choice.
Registering a Belize offshore company comes with numerous benefits. The Belize registry provides privacy as it is not open to the public, and directors face no nationality or residency requirements. Offshore companies benefit from tax reliefs and exemptions, along with no mandatory financial reporting or auditing requirements. The incorporation process is efficient, often completed within a week, and comes with relatively affordable costs. Belize’s strong legal system further enhances its appeal to foreign owners and investors.
Despite these advantages, starting a business in Belize has its challenges. Opening a bank account can be difficult due to negative offshore jurisdiction associations, leading some banks to be cautious about Belize entities, fearing money laundering or tax evasion. Additionally, entities operating in insurance or finance sectors in Belize require licenses, which may pose challenges. However, Fionza Consultants is dedicated to assisting companies in obtaining all necessary licenses, mitigating these potential obstacles. Choose Fionza Consultants to navigate the complexities and unlock the advantages of starting and operating a business in Belize.
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[av_heading heading=’How to register company in Belize?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llqjm4ew’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]
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Fionza Consultants has a proven track record of assisting numerous clients in the seamless incorporation of businesses in Belize. Our comprehensive formation package for registering a company in Belize is designed to guide you through the process of establishing your corporate presence in the country. To ensure a successful incorporation, we recommend reading this guide, which outlines the necessary steps and subsequent formalities.
Step 1: Choosing a Suitable Corporate Entity to Register a Company in Belize
Our dedicated team of consultants, after understanding your business goals and activities, will recommend the most suitable corporate entity for your business. We provide advice on paid-up share capital, corporate structure, relevant legislations, and the need for any licenses to operate.
Step 2: Reservation of Company Name
Following the selection of a corporate entity, we assist in reserving your preferred company name, ensuring a unique and appropriate identifier for your business.
Step 3: Preparation of Supporting Documents to Register a Company in Belize
Before incorporating your company, we require the necessary Know Your Customer (KYC) documents, including director names and identification proof. Fionza Consultants then proceeds to draft and notarize the company’s Memorandum and Articles of Association, along with any additional documents required based on business activity and corporate structure.
Step 4: Filing to Register a Company in Belize
All companies under the IBC Act must have a listed office legal address and registered agent in Belize. We provide these services to ensure compliance. After approval from the Registry, we courier the Certificate of Incorporation and other relevant documents to your preferred address. Your company may undergo KYC checks, and registration as a corporate employer with the Belize Social Security Board may be necessary.
Step 5: Corporate Bank Account Opening
Post-registration, Fionza Consultants assists in opening a corporate bank account, leveraging partnerships with reputable banks in Belize. The process typically takes around 4 weeks, with our team facilitating negotiations or representation if required.
Step 6: Trade License Applications
If trade licenses are necessary, we continue processing applications with municipal authorities, ensuring smooth business operations. The required license depends on the nature of the intended business activity.
Step 7: Financial Reporting and Taxation Obligations
Following setup, we provide ongoing accounting and tax services, ensuring compliance with regulatory obligations. This includes assistance in obtaining the Tax Identification Number (TIN) and filing income tax returns. IBCs in Belize are subject to income tax, stamp duty, and are mandated to maintain relevant financial documents for a minimum of five years.
Count on Fionza Consultants for a holistic and SEO-optimized approach to guide your company through the intricacies of incorporating and operating in Belize.
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[av_heading heading=’Types of business structures to consider when you register company in Belize’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llqjp9uh’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]
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Belize is renowned for its International Business Companies (IBCs), boasting over 15,000 IBCs on its shores. While IBCs are prevalent, Belize also offers various other business entities. Fionza Consultants, with extensive experience, guides you through the process of selecting and incorporating the most suitable business entity in Belize.
Step 1: Choosing a Suitable Corporate Entity
Before engagement, Fionza Consultants comprehensively understands your business, recommending an optimal business entity considering factors such as business activity, tax obligations, and the nationalities of shareholders and directors.
Sole Proprietorship
A basic form for small businesses, offering easy start-up and complete control. Proprietors can register with the Income Tax Department to obtain a Taxpayer Identification.
Public Investment Companies
Established under the IBC Act, offering tax exemptions for up to thirty years. Requirements include a minimum net tangible asset value, gross tangible asset value, net income, local business operation, employment generation, and listing on an Approved Stock Exchange.
Limited Life Companies
Also known as Belize Limited Duration Company, offering a fifty-year lifespan, continuously renewable. Exempt from taxes, providing flexibility for any legal business. Members and managers need not be residents.
Limited Liability Partnership
Directors are not personally liable beyond specified liability insurance. Offers flexibility in managing organizational affairs. Requires a listed office in Belize and accounting record maintenance for five years.
Trust Funds
Unincorporated associations allowing separation of legal and beneficial ownership. Optional registration with the Belize Registrar for a maximum duration of 120 years.
International Business Companies (IBCs)
Managed by the Belize IBC Act, providing full tax exemptions and no annual filing requirements. Recent legislation allows IBCs to conduct local business, own land, and hold shares in domestic companies, subject to new economic substance requirements.
Accounting and Tax Obligations
Outsourcing accounting and tax obligations to Fionza Consultants ensures timely completion without the need for travel. Compliance with financial statements, corporate tax returns, and audits are managed efficiently, reducing overhead costs.
Annual Reporting Requirements
Companies maintain accounting records for a minimum of five years at their listed office or Agent’s office in Belize. Compliance with International Financial Reporting Standards includes preparation of financial statements and accounting records.
Tax
IBCs physically present in Belize or engaging in licensed activities must file monthly business tax returns. Tax exemptions apply for income below US$37,500; otherwise, rates range from 1.75% to 19%. Qualification for tax exemption involves restrictions on local business and profits within the jurisdiction.
Fionza Consultants’ dedicated team ensures compliance, efficient reporting, and informed tax strategies for your Belize-incorporated business.
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[av_heading heading=’Why register a company in Belize?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llqjs3k5′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]
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Before embarking on the journey to register a company in Belize, it’s crucial to comprehend the business landscape of the jurisdiction. Understanding these aspects ensures that your newly established entity can legally and securely conduct business while aligning with your long-term goals.
Political Landscape: The Organisation of American States (OAS) observed the 2015 Belize general elections, noting generally inclusive procedures. However, concerns include governmental corruption and a high rate of violent crime. Recent controversies, such as the nationalization of Belize Telemedia Limited, have spotlighted corruption issues.
Economic Landscape: Foreign investors benefit from an easy incorporation process in Belize. Nevertheless, the World Bank’s Ease of Doing Business Index ranks Belize 125th out of 190 countries, indicating room for improvement. Import licensing strategies to protect domestic producers have been criticized for undermining trade transparency.
Social Landscape: English is the official language in Belize, providing convenience for business dealings. The literacy rate among the Belizean adult population is around 80%, contributing to effective communication.
Technological Landscape: Belize is working on digital government transformation with support from the Inter-American Development Bank. Despite progress, internet penetration is at 61%, indicating room for improvement in digital competitiveness.
Legal Landscape: Belize prioritizes the privacy of company directors, keeping such information confidential. Recent legislative changes enhance policy stability, aligning Belize’s business laws more globally. Banks in Belize adhere to mandated liquidity ratios.
Environmental Landscape: Despite limited natural resources, Belize embraces renewable-energy technologies. The country has successfully divided its territorial waters, regulating activities to protect marine life. The Environmental Protection Act of 1992 addresses various environmental issues, emphasizing the importance of environmental protection.
Navigating these aspects ensures a holistic understanding of Belize’s business environment, facilitating informed decisions when registering a company. Fionza Consultants, with its expertise, can guide you through the intricacies of the process, optimizing your business setup in Belize.
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[av_heading heading=’Looking to register company in Belize?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llqjw7x2′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]
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Choose Fionza Consultants as your comprehensive solution for a seamless company registration process in Belize. Our services encompass company formation, registered agent services, provision of a registered address, and assistance with opening a business bank account.
Get in touch with us to discover more about initiating your business in Belize. Our team of experts is committed to responding within the next 24 hours, providing you with the information and guidance you need. Partner with Fionza Consultants for a smooth and efficient start to your business journey in Belize.
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[av_heading heading=’FAQ’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-2h9s3w’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]
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[av_toggle title=’What is the best business in Belize?’ tags=” custom_id=” av_uid=’av-llqjxu5v’ sc_version=’1.0′]
- Most domestic industries are limited in size since Belize is one of the most sparsely populated countries. Therefore, most companies operate offshore and sell to non-locals instead.
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[av_toggle title=’How much does it cost to start a business in Belize?’ tags=” custom_id=” av_uid=’av-llqk0am9′ sc_version=’1.0′]
- While there are no paid-up capital requirements when starting a business in Belize, Fionza Consultants will recommend setting aside at least US$5,000 as your paid-up capital to fund your overhead expenditures as well as initial deposit for business bank account opening.
- As for Fionza Consultants’ engagement fees, this depends on the exact services required from Fionza Consultants. Our fees are inclusive of government fees and all fees will be clearly stated in our engagement letter prior to the start of the engagement. Fionza Consultants believes in transparency with our valued clients and there are no hidden fees.
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[av_toggle title=’What is the currency of Belize?’ tags=” custom_id=” av_uid=’av-llqk2otd’ sc_version=’1.0′]
- It is the Belize dollar (BZ$) which is pegged at a 2:1 ratio to the US dollar.
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[av_toggle title=’What do I need to open a bank account in Belize?’ tags=” custom_id=” av_uid=’av-llqk4s79′ sc_version=’1.0′]
- Banks might ask for recommendation letters as a proof of credibility. Fionza Consultants works with an extensive network of banking partners and can secure such letters for you.
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[av_toggle title=’Are foreigners eligible to open a bank account in Belize?’ tags=” custom_id=” av_uid=’av-llqk5bis’ sc_version=’1.0′]
- Yes, foreigners are also able to open bank accounts in Belize.
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[av_toggle title=’Is the banking system in Belize safe?’ tags=” custom_id=” av_uid=’av-llqk5xlg’ sc_version=’1.0′]
- The banking system is closely regulated by the Central Bank of Belize, with frequent audits to ensure compliance with all regulations.
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[av_toggle title=’Are foreigners allowed to own land in Belize?’ tags=” custom_id=” av_uid=’av-llqk6ahq’ sc_version=’1.0′]
- Yes, foreigners are allowed to have 100% ownership of both land and companies.
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[av_toggle title=’How do I find a company in Belize?’ tags=” custom_id=” av_uid=’av-llqk72b9′ sc_version=’1.0′]
- You can search them in the Belize International Business Companies Registry website on contact its office via email or a call.
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[av_toggle title=’What is an IBC in Belize?’ tags=” custom_id=” av_uid=’av-llqk7xq9′ sc_version=’1.0′]
- It refers to an International Business Company which is typically chosen by foreigners looking to set up in Belize. IBCs have limited liability and allow you to be fully exempted from paying any form of tax in Belize. You are also not required to file annual returns, public disclosure of directors, shareholders, charges, loans or agreements.
- An IBC, unlike other Belize offshore entities, can conduct any business activities locally and with persons resident in Belize, own land in Belize and hold shares in domestic companies. However, it will be subject to the new economic substance requirements covered above.
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[av_toggle title=’How do I set up an LLC in Belize?’ tags=” custom_id=” av_uid=’av-llqk8tav’ sc_version=’1.0′]
- Fionza Consultants’ experienced team can assist you with the process to set up an LLC in Belize. The first step is to decide a unique name for your LLC in Belize, which must include the words “Limited Liability Company” or “LLC”.
- Next, you will have to prepare the necessary KYC documents, including the names of directors and identification proof. Upon receiving all the necessary documents, Fionza Consultants will proceed to draft and notarize the company’s Memorandum and Articles of Association. We will then submit these to the Registry.
- You will also need to have a listed office and reputable agent in Belize. Fionza Consultants will provide you with such services to ensure that you are able to meet these requirements.
- After receiving approval from the Registry, Fionza Consultants will courier the Certificate of Incorporation, Memorandum and Articles of Association and other documents to your preferred address.
- Fionza Consultants will then proceed to open an account with a reputable bank of your choice for your business, as well as assisting you to apply for relevant trade licenses if applicable. We will also provide accounting and tax services to ensure you stay compliant to all requirements.
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