A foundation is a legal structure that shares characteristics both with the corporation and with the trust and it can be used for asset protection, inheritance planning and for charitable purposes. The foundation can hold a number of assets, making it a versatile legal structure but one that has to meet several criteria for functioning nevertheless.
Main conditions for establishing a Belize foundation
Foundations in Belize
are incorporated by following a set of steps, starting with the duly filled in forms. Investors can request the specialized aid offered by our Belize offshore company formation
firm, and one of our agents will assist you throughout all of these steps. The main requirements are as follows:
Fill in the needed forms: these include a standard application form for the establishment of the foundation and the declarations of the founder and beneficial owner.
Provide personal information: this can also be referred to as a due diligence phase; our agents will need you to provide copies of your identification documents and the incorporation documents when the foundation is set up by a company;
Provide needed accounting documentation: accounting documents and references as well as any needed bank statements; a declaration is also requested in most cases;
Pay the necessary fees: this step includes all the necessary payments for the incorporation of the foundation, including any services fees if working with a professional incorporation company.
Other information on foundations in Belize
As stated above, foundations in Belize
can be used for a number of purposes, both charitable and non-charitable. The Registrar of Foundations will include essential information about any foundation recorded therein, including the name of the registered agent
One of our Belize company formation specialists can give you more details about these disclosure requirements and how you can maintain your anonymity as a foreign investor.
for complete information about opening a foundation, trust or offshore company in Belize