Belize Local Company Formation
PURPOSE AND BENEFIT
Incorporating a local company is
the first step in obtaining Belizean citizenship. Owners and directors of a
local company can invest in Belize, obtain their work permit and after a year
acquire Belizean residence. Finally, after holding your residence card for five
years, you can apply for Belizean citizenship.
REQUIREMENTS (See
Application Form)
- Proposed Name and two alternative names ending with
“LTD.” or “LIMITED”
- Shareholders and Percentage of Ownership (minimum of
two shareholders)
- Directors (two minimum with contact information)
- Company Officers e.g. Chairman, Treasurer, Secretary,
General Manager, etc. (the same Directors & Shareholders can be the
company officers)
- Share Capital (Minimum BZ $10,000.00 divided into
10,000 shares @ BZ $1.00) (Capital not required to be paid)
- Subscribers (This will be provided)
FEE STRUCTURE
The Cost of setting up a Local Corporation in Belize is as follows:
Processing Fees for Local
Corporation
|
US $ 500.00
|
Administrative
|
US $ 100.00
|
General Sales Tax (12.5% of
$600.00)
|
US $ 75.00
|
Total Processing Fees
|
US $ 675.00
|
Incorporation & Filing Fee to
the Government of Belize
|
US $ 330.00
|
TOTAL DUE
|
US $ 1005.00
|
PAYMENT OPTIONS
- We accept Visa, MasterCard, American Express, Western
Union Transfers, Bank-to-Bank Wire Transfers, Checks, International Money
Order, and Bank Drafts for payment of our services.
- There is an additional fee for the cost of sending
documents by courier. Courier to the U.S., The Caribbean, Central and
South America is US $50.00 and US$75.00 to Europe.
DOCUMENTS TO KEEP
With the purchase of your Local Corporation you will receive the following documents:
With the purchase of your Local Corporation you will receive the following documents:
|
|
Local Company documents are kept safe in our fireproof cabinets at our office.
ANNUAL REPORT
For a fee of US US $181.18, tax and
filing fess included we can prepare the annual reports for your company as
required by Chapter 250 of the Laws of Belize. The annual reports are
mandatory and must be filed annually to keep the company in good standing. A
penalty fee applies for late filing.
REGISTERED OFFICE
For an annual fee of US $140.62,
tax included, we provide Registered Office Service, which includes preparation
of the following documents, additional of those already registered:
- Annual Register of Directors
- Annual Register of Shareholders
Foreigners who own shares in the
company need an approval from Central Bank, which we can obtain for a fee of US
$56.25, tax included.
SHELF COMPANY
We also have shelf local companies
that are available immediately, fees range from US $1,250.00 – US $ 2,000.00.
This covers all costs and filing fees to the registry for ownership. We can
change the name of the company for a fee of US $ 119.00 tax and filing fees
included.
ADDITIONAL SERVICES
ADDITIONAL SERVICES
We offer additional corporate
services at affordable prices; you can request our list and quote.
International Services Ltd can help you greatly with your needs in Retiring and Investing in Belize. We also help to set up Belize Local Corporations.
For more information see our services below:
· International Business Companies (IBCs)
· U.S. Dollar Accounts
· Asset Protection
· Bahamas, Panama, Seychelles & other Foreign IBCs
· Trust and Trustee Services
· Belize and Panama Private Foundations
· Local Company (Chapter 250)
· Belize Dollar Accounts
· Mail Forwarding and Virtual Office Services
· Work Permit and Residency Services
· Nationality and Passport Services
· Qualified Retired Persons Program (QRP)
· Licensed Escrow Services
· Purchase Agreements
· Owner Financing Agreements
· Land Title Investigation
·
Transfer of Title
Email: gomezisl@btl.net
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