A company in Belize
Open a company in Belize
A country in Central America on the Yucatan Peninsula, the Caribbean Sea, bordering Mexico to the north, and Guatemala to the west, which since independence in 1981 has become a stable country with a democratic government. The economic capital of the country is Belize City, and an additional advantage is easy communication due to the fact that it is an English-speaking country. Belize is one of the few places considered to be true offshore jurisdiction. Company formation in Belize can be a profitable solution for tax optimization. Companies in Belize can assume the role of companies managing the holding, managing movable and immovable property, which is why it will be an ideal place to register yachts or recreational boats.
Company registration in Belize
The main advantage of Belize is the speed of establishing companies, because the company itself is registered in 24 hours. Business in Belize also involves state-guaranteed confidentiality due to the fact that the company’s members do not appear in the commercial register.
Company formation in Belize
The main advantage of Belize is the speed of establishing companies, because the company itself is registered in 24 hours. Establishing a company in Belize also involves state-guaranteed confidentiality due to the fact that the company’s members do not appear in the commercial register.
Opening business in Belize begins with checking in the company register that the name you choose is available. Then a contract is drawn up, as well as the company’s statute. Belize registration ends with sending documents to the company register. Opening a company in Belize does not impose special restrictions on the number of shareholders, however, a minimum of one partner is required to establish a company. Foreign shareholders and nominated service are also allowed. However, bearer shares are prohibited. The function of a member of the management board may be performed by a natural or legal person. The board manages and represents the company’s affairs. In the event of using the nominee’s service, it is worth considering obtaining a power of attorney to represent the company, however, this involves the risk of establishing a tax establishment in the country of operation of the representative.
There is no minimum capital requirement in Belize. Opening a company in Belize also involves having a registered address in Belize. This address will appear on company documents and company mailing details. However, this is not a big obstacle, because You can use the services of a virtual office.
Establishing a company in Belize requires the requirement to extend your operations annually, because it is not possible to set up a company for an indefinite period, which, unfortunately, requires the payment of a stamp duty and the re-establishment of company bodies.
Taxes in Belize
The corporate tax in Belize is 0%. There is no inheritance tax on the shares held by non-residents. There is also no VAT. Therefore, there is no obligation to enter into accounting transactions. However, it should be borne in mind that in order to be able to pay VAT on services and goods sold, it must be proved that they were not produced in Belize, so it’s worth using the transaction documentation.
Ready made company in Belize
It is also possible to buy a company in Belize already registered. With ready capital, the company in Belize exists for a short time, not used before activities and were created for their subsequent sale. However, with comments regarding the actual short registration time of a new company, the purchase of a company in Belize may be unprofitable.
