Belize Limited Liability Company – LLC

Characteristics of Belize Limited Liability Company:

1. Members:
   At least one member (can be individuals or corporate entity of any nationality)
2. Managers:
   At least one manager (can be individuals or corporate entity of any nationality)
3. Restrictions on Name and Activity:
   The company name must include the abbreviations LLC or L.L.C., or words “limited liability company.” Avoid words “Bank”, “Trust”, “Assurance” or “Insurance,” and cannot suggest connection with the Government of Belize.
4. Local Requirements for Belize LLC:
   As a matter of local company law, the Belize Limited Liability Company MUST maintain a registered office address within Belize and must also appoint a Belize resident as a registered agent. We would generally provide these services as part of the domiciliary service fee.
5. Timescale in Setting Up a Belize LLC:
   Incorporation of a Belize LLC takes around 7 business days and additional 2 days for documents Apostille.
6. Annual Reporting:
   Must maintain financial statements to reflect the company’s financial condition. No audit is required.
7. Taxation of a Belize LLC:
   Not subject to any tax or duty on income or profits. However, it is important to note that the transfer of property located in Belize, including shares in a local company, is subject to stamp duty.
8. Confidentiality involved in Belize LLC:
   LLCs in Belize are not listed in a public register, and there is no public disclosure of information regarding managers or members. The only document submitted to the Registrar is the Articles of Organization, which does not contain any details about the LLC’s members, managers, or beneficial owners. The registered agent’s information, office address, and company name are the only pieces of information included in the filing.