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Open a LLC in Belize

Updated on Saturday 14th July 2018

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Open-a-LLC-in-Belize.jpgBelize is a preferred location for setting up an offshore company because of its very advantageous taxation principles and the laws related to financial privacy for foreign investors.
 
Our Belize company registration experts highlight the main characteristics and advantages of the limited liability company in Belize
 
The process of opening a LLC in Belize is also detailed in the video below, presented by our company formation agents:
 

The characteristics of a LLC in Belize

 
The limited liability company is a type of business entity established by one or more individuals. There are no restrictions on the nationality of the company owners and there are no requirements for LLC managers in Belize to have a certain nationality. 
 
Foreign investors may choose the name of their company in any language, if it does not infringe an existing company name and if they observe the local requirements for company names and for prohibited names.
 
An advantage of the LLC in Belize is that there are no requirements to disclose the identity of the company founders/beneficial owners. This type of information is not recorded in the Companies Registry and it is not made available to the public.
 
Belize laws allow for a great degree of financial privacy for limited liability company owners and there is no foreign exchange control.
 
The following list contains the main steps for opening a Belize LLC. Our agents can help you during each of these phases and can streamline the process and the necessary submissions with the Belize authorities. The steps are as follows:
 
  1. Choose and confirm the company name: the new LLC needs to have an original name this is why we recommend to propose three alternatives and verify them with the Companies Registry; the final name will also contain an abbreviation.
  2. Prepare the company documents: during this step, we will help you draw up the company’s constitutive documents, the Articles of Association and the Memorandum.
  3. Submit the document for registration: once duly drawn up, the constitutive documents are submitted with the Companies Registry for the formation of the new LLC.
  4. Open a corporate bank account: once the company is incorporated, our team can help you open a bank account in Belize.
 
Investors should remember that the personal information of all shareholders will be required for the LLC incorporation process. Certified passport copies for the shareholders and beneficial owners will be needed. When preferred, investors can choose the nominee director and nominee shareholder services.
 
More information about the management conditions for this type of company can be provided by our Belize offshore company formation agents.
 

Taxation, accounting, and reporting for a Belize LLC

 
Exemption from taxes is one of the main reasons why foreign investors choose to open an offshore company in Belize and choose the limited liability company. The LLC is exempt from income tax, capital gains tax and dividend tax. An annual renewal fee for companies applies in Belize.
 
LLCs in Belize are required to keep accounting records, however, they may be stored in any location, not necessarily in the country.
 
If you are a foreign investor and wish to know more about how to open an offshore company in Belize you can reach out to one of our local experts.
 
Contact our Belize company formation agents for complete details on the company setup process, the requirements, and conditions for foreign investors in Belize.
 
 

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