Company formation in Belize

Belize is an appealing destination for company registration, renowned for its business-friendly environment and strategic location in Central America. The country offers a robust legal framework, particularly attractive to international businesses due to its International Business Companies (IBC) Act, which provides significant confidentiality and asset protection benefits. Belize's IBCs are exempt from local taxes, including income, capital gains, and stamp duties, making it a tax-efficient jurisdiction for global entrepreneurs.

Belize’s stable political environment and English-speaking population further enhance its appeal. The country’s legal system is based on English common law, which is familiar to many foreign investors.

For those looking to establish an offshore company, Belize’s modern telecommunications infrastructure and growing financial services sector are significant advantages. The country has a responsive regulatory authority, ensuring compliance and support for businesses.

Belize is a member of the Caribbean Community (CARICOM), providing access to a regional market and further opportunities for business expansion. The government’s proactive approach to economic development and business-friendly policies make Belize an attractive jurisdiction for company registration.

Belize

Legal Opinion about Belize as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama, CEO

“Belize combines ease of incorporation, tax advantages, and a supportive business environment, making it an ideal choice for entrepreneurs looking to establish a company with minimal hassle and maximum benefits. Manimama is ready to help you with business registration in Belize”.

Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

€2,500

  • Company formation in Belize
  • Opening a bank account
  • Registered address for the 1st year
Order now

Annual Renewal

€4,000

  • Company renewal
  • Registered address
  • Annual Government Tax
Order now

Documents

€3,000

  • Certificate of Incorporation
  • Articles of Association
  • Appointment of the first director
  • Set of other required documents, depending on your corporate structure
  • Delivery to provided address
Order now

Key Numbers about Belize as a Jurisdiction for Company Formation

minimum 1

director for a company

up to 2 weeks

timeline for a company registration

no

minimum share capital

0%

corporate income tax (CIT) rate

100%

foreign corporate ownership is permitted

0%

value added tax (VAT)

Set up Your Company in Belize in Several Steps

Step 1. Initial Setup

  • Initiating a preliminary project assessment
  • Preparation and filing of the package of documents

Step 2. Company registration

  • Verification and reservation of the company name;
  • Facilitating the notarial process for the company's official registration;
  • Incorporating the company's data into the Belize Companies Registry;
  • Obtaining the Certificate of incorporation from the Register, Memorandum and Articles of Association.

Requirements for Company Formation in Belize

Before deciding to set up a new company in Belize, read the information below to understand the characteristics of an International Business Company (IBC):

Shareholders: the company is required to have at least 1 shareholder, who can be an individual or legal entity.

Director: the company must appoint at least 1 director, who can be an individual or legal entity.

Company Secretary: there is no requirement.

Minimum Share Capital: there is no minimum paid up share capital.

Legal Address: the company is obliged to have an official registered office address in Belize.

Registered agent: appointment of a local registered agent is compulsory.

Liability: limited to the amount of capital they have invested in the company through their shares.

Accounting: no financial reporting and auditing requirements to non-resident IBC companies. But if the company falls under the substance and is recognized as a resident of Belize, reporting is mandatory. In addition, an IBC is required to submit an annual return.

Taxes in Belize

Corporate income tax (CIT)

There is no CIT in Belize for an IBC.



Personal income tax (PIT)

  • Individuals who are earning more than $26,000 (approx. €24,005) in a year are charged a flat tax rate of 25%.
  • Those who are employed and reside in Belize and whose total income per annum from all sources is less than $26,000 (approx. €24,005) are exempt from this tax.
Value-added tax (VAT)

There is no VAT in Belize for an IBC.



Double taxation avoidance agreements in Belize: Antigua, Dominica, Grenada, Guyana, Jamaica, St. Kitts/Nevis, Saint Lucia, St. Vincent, Trinidad & Tobago, Switzerland, United Arab Emirates, United Kingdom.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in Belize:

Expertise in Regulations of Belize

  • 1. Manimama has an in-depth understanding of Belize's legal and regulatory framework.
  • 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

  • 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
  • 2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

  • 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
  • 2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

  • 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
  • 2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

  • 1. We have established strong relationships with local authorities, banks, and service providers.
  • 2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

  • 1. We provide continuous support to ensure your business remains compliant with laws of Belize.
  • 2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently Asked Questions

  • What are the main types of business entities available in Belize?
    The primary business entity for international investors is the International Business Company (IBC). Other options include limited liability companies (LLCs), partnerships, and sole proprietorships.
  • What is an International Business Company (IBC)?
    An IBC is a type of offshore company that offers significant tax advantages and confidentiality. It is commonly used for international trade, asset protection, and investment activities.
  • What are the benefits of registering an IBC in Belize?
    Benefits include tax exemptions, privacy and confidentiality, no minimum capital requirement, fast incorporation process, and no requirement to file annual returns or financial statements.
  • What is the minimum share capital required for an IBC in Belize?
    There is no minimum share capital requirement for an IBC in Belize.
  • Are there any residency requirements for directors or shareholders of a Belize IBC?
    No, there are no residency requirements. Directors and shareholders can be of any nationality and reside anywhere in the world.
  • Do I need a local address to register a company in Belize?
    Yes, an IBC must have a registered office address in Belize, which is typically provided by a registered agent.
  • Are the details of the directors and shareholders publicly accessible?
    No, the details of directors and shareholders are not disclosed to the public, ensuring a high level of privacy and confidentiality.
  • Can a single person register a Belize IBC?
    Yes, a single person can act as the sole director and shareholder of a Belize IBC.
  • Are there any taxes imposed on a Belize IBC?
    Belize IBCs are exempt from all local taxes, including income tax, capital gains tax, and stamp duty.
  • Can a Belize IBC conduct business within Belize?
    A Belize IBC is primarily intended for international business and is restricted from conducting business with Belize residents or owning real estate in Belize.
  • Do I need to visit Belize to register a company?
    No, you do not need to visit Belize. The entire incorporation process can be handled remotely through a registered agent.
  • What is the role of a registered agent in Belize?
    A registered agent handles the incorporation process, provides the registered office address, and ensures the IBC complies with local regulations.
  • Is there a requirement for an IBC to have a company secretary?
    No, there is no requirement for a Belize IBC to appoint a company secretary.
  • What are the advantages of Belize’s legal and regulatory framework?
    Belize offers a stable legal system based on English common law, a flexible regulatory environment, and strong privacy protections, making it a reliable jurisdiction for company registration.

Client Feedbacks

“Special thanks for attention to detail and human attitude. I recommend Manimama OU to anyone looking for quality legal assistance”.

“I am very satisfied with the services provided by the Manimama OU”.

"The result exceeded my expectations and I am truly grateful for the help I received”.

Manimama as the Best Solution for Your Company Formation in Belize

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.

Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.

Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.

Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in Belize, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Belize and pave the way for your business success.

Our Latest Legal Researches

MiCA implementation in Estonia

Current requirements (prior to MiCA implementation) Requirements for issuing an authorisation to a Estonian VASP: 1) Private limited liability company (OÜ).  2) At least 1 shareholder (natural person or corporate entity; no restrictions to citizenship or residence) and at least 1 management board member (can be the same as the shareholder, but only a natural…

July / 11 / 2024
Read more

MiCA implementation in Croatia

Current requirements (prior to MiCA implementation) Virtual asset service providers intending to conduct their activities from the territory of Croatia are required to obtain authorization from the Hrvatskoj agenciji za nadzor financijskih usluga (“Hanfa”).  In order to legally provide virtual asset services to a local company in Croatia, you must: 1) Register a local legal…

July / 09 / 2024
Read more

Burvix Traders: Progress in the First Half of 2024

Our list of exchanges available for client trading has significantly expanded. Previously, most clients traded on Binance, but not everyone trusts this platform. Now, we also offer trading on OKEx. Additionally, we have improved connections with WhiteBIT and Kuna. Connections with these exchanges are now established not only through REST API but also via WebSockets….

July / 04 / 2024
Read more

Connect with our experts

By clicking the button, I confirm that I have read the privacy policy and consent to the collection and processing of my personal data in accordance with the GDPR rules.

Contact Us

If our proposal is intriguing, we kindly request to complete the form provided below to learn more. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.