Requirements for Setting up a Foundation in Belize

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

1. 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.
2. 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;
3. Provide needed accounting documentation: accounting documents and references as well as any needed bank statements; a declaration is also requested in most cases;
4. 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