Belize Limited Liability Company – LLC

Belize Company Formation - LLC

Turn your ideas into a successful reality with Belize company formation. Establish your business in Central America through Belize LLC. Find the perfect space to let your business progress.

Belize (officially the Republic of Belize) is a small Central American country with Belmopan as its capital city. It is surrounded by the Caribbean Sea (on the west), and the borders of Mexico and Guatemala. Belize is famous for its breathtaking natural beauty, extensive cultural history, and varied ecosystems. The overall population of the country is 400,000 and English is its official language. However, Spanish and Kriol dialects are also quite common here.

Belize is a business-friendly nation for investors and entrepreneurs. The stable political environment, strong legal system, and beneficial tax laws make it desirable for business establishments. The Belize International Business Act has made globally accepted, progressive, and simple laws for a Belize company formation.

One of the best features of its legislation is the complete exemption from taxes anywhere within the country. A Belize LLC is a hybrid of two different business models: a corporation and a partnership. By incorporating elements from both structures, an LLC provides the benefits associated with corporations and partnerships while avoiding their respective drawbacks.

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.

10. Company Renewal:

On the anniversary date of the incorporation.

The latest valid passport copy and recent utility bill for address proof of shareholder/director are required to be submitted at every renewal as a part of enhanced due diligence. If the shareholder is a corporate entity, then the latest certificate of incumbency and above-stated docs of directors would be required.

11. Required Documents for Belize LLC:

KYC Documents for individual Directors/Shareholders:

  1. Passport – original to be verified personally in our office, otherwise client can provide an original notarized copy of the passport
  2. Proof of address (in the form of a utility bill dated less than 3 months)
  3. Bank reference (dated less than 3 months with satisfactory record clearly mentioned and also the time period the client has been dealing with the bank: minimum of 2 years)
  4. Detailed CV
  5. Professional reference letter (can be issued by Lawyer or Certified Public Accountant)
  6. Duly filled FATCA Form
  7. Notarized US Declaration (if a US Person)

KYC for Corporate Director/Shareholder:

  1. Certificate of Incorporation
  2. Registered address and place of business
  3. Certificate of Current Standing if incorporated more than 1 year
  4. Register of Directors
  5. Register of Shareholders
  6. Memorandum & Articles of Association

All documents of the corporate entity must be certified by a Lawyer or Certified Public Accountant

Belize LLC Registration Cost:

Incorporation of a Belize Limited Liability Company begins from USD 2,088/-.

The compliance fee varies based on its structure and will be provided on a per-individual basis. If a company has a corporate entity and multiple shareholders, the compliance fee will be charged separately for each corporate entity, shareholder, director, and ultimate beneficial owner (UBO). The fee for each entity will be USD 80 (including 5% VAT).

How GBS Helps

Explore the limitless potential of your business with Global Business Services DMCC. Our team of professionals offers expert guidance to help you in Belize company formation. We also extend a helping hand for company formation in the UAE. From applying effective strategies to understanding and resolving complexities, we take care of all your business aspects.

Start your amazing venture by connecting with our business setup consultants. Call us now at 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup through Belize Limited Liability Company.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

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GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
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Copyright © 2020 Global Business Services.

Copyright © 2020 Global Business Services.

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