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Belize Company Formation - What You Need To Know

The incorporation of an offshore company in Belize is done in a very professional and timely manner. The official language of the country is English. All companies are registered through registered agents or registered offshore service providers who act on behalf of clients. The agent must have a registered office in Belize to incorporate a Belize company on behalf of a client. Belize over the years has become a very secure tax haven and has made changes to offshore legislation which gives Belize as an offshore jurisdiction a high level of competitiveness. There are many advantages to incorporating an International Business Corporation in Belize; among which include zero taxation on all profits or capital earned outside of Belize. The fact that Belize has zero taxation coupled with strict laws makes this jurisdiction one of the best tax havens in which to incorporate a company today.

Prudently investing and planning the distribution of assets is critical. Through the Dominica Economic Citizenship program, further steps can be taken to safeguard and manage already owned assets and to acquire more via attractive real estate development projects. Licensed service providers facilitate citizenship by investment applicants interested in real estate development and give all relevant information. A series of offshore registration services are available, including International Business Companies, offshore LLCs and St Kitts Citizenship and Dominica Citizenship programs application.

Belize company formation and incorporation is very simple once the following steps are abided by. The first step to incorporating a Belize offshore company is choosing a registered agent or offshore service provider. Almost all offshore service providers in Belize have websites on which order forms are available. This is very convenient for various reasons; there is no need for a client to travel to Belize to register a company in the Belize company formation and the process is speeded up. The forms can be completed online or the client can have the form completed by hand and sent to the agent by courier service, fax or mail. Once the agent has received the form, work will begin to determine whether or not a Belize company already registered had the same or similar name.

During the incorporation and formation of a Belize offshore company, all personal information submitted to an offshore agent remains confidential. For persons who incorporate a new Belize company, a certified copy of the owners’ passports must be submitted along with proof of address. For proof of address a utility bill with the address clearly stated is accepted. Once all this information is made available, a due diligence background check is conducted on the owner or owners of the company. For clients who are just starting out or first time orders of Belize companies payments must be made so the agent can begin with the registration of the company. Payments for the incorporation of an international business company in Belize can be through credit card transfers, Western Union wire transfers or bank wire transfers.

Once all the previous steps have been completed (order forms, payments and due diligence) the agent then begins to prepare the necessary documents for the incorporation of a Belize offshore company in Belize. First, the Memorandum and Articles of Association is prepared. As a formality for incorporation, the Memorandum of Association states the company’s name, the address of the registered agent, the objectives of the company, regulations of the company in terms of how shares are distributed, conduct of meetings, elections and appointment of directors. This document is filed with the Registry of International Companies in Belize. The Articles of Association states the laws which govern the functioning and structure of the international business company. It includes the powers of the directors, meetings, the laws which regulate the types of shares that may be issued and how they may be transferred. This is also filed with the Belize Registry of international business companies. These documents will be accompanied by the relevant registration fees.

Once the documents have been filed, the registry of international business companies issues a Certificate of Incorporation and this officially makes the company a Belize offshore company. To remain in good standing after its incorporation, a Belize offshore company has to pay its annual renewal fees on the anniversary of the company’s registration each year. Payments of annual fess must be made through the registered agent. Documents pertaining to the company are shipped to the owners via

Once the Belize offshore company has been incorporated, the agent prepares the minutes of the first meeting of the offshore company. Share certificates are issued and in the case where the rightful owners and or shareholders choose to use nominee directors and shareholders the following documents are prepared: a Power of Attorney is issued by the nominee director to the rightful owners of the Belize company and the nominee director also issues an undated letter of resignation. The nominee shareholder issues a Declaration of Trust to the rightful shareholder(s).

Belize offshore company formation and incorporation is a smooth process providing that all the necessary documents are supplied. Belize boasts of a modern computerized International Business Companies registry which makes the process of Belize Company offshore company formation and incorporation among the fastest available.

 
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