How to Belize Company Formation

Normally, registering a limited business under Belize Corporation is a simple process. Alternatively, registering a Belize Company is more detailed. Choosing a company name Choose your name carefully, adding any necessary suffixes. You are also required to submit 2 additional Belize IBC names in case of complications. Shareholders and Directors 1 shareholder and 1 director are required. This person will have to produce his/ her full name, address and a passport copy. This position can be held by a person or an entity. Belize law does not require a secretary resident. A memorandum and articles of incorporation are required in registering a Belize IBC. Before the incorporation is finished the processing of the documents is completed. The documents will be processed and certified and then sent to the client. Once all of the necessary documents are in order, the company may begin its operations. Company Shares The share register is kept by the Belize IBC and only shareholders can examine the document. Bearer shares may or may not be issued. A Belize Company's minimum value for required share capital is $50,000 US. Accounts Belize IBCs are not required to file annual returns or audit their accounts. Financial statements and account records are not required. It is up to the shareholder and director whether or not to keep those papers. Belie companies are allowed to make business transactions except in insurance, banks, and trustee businesses that require specific licenses. It may take 3 days for the documents to be certified and registered. It will take an additional week for the documents to be returned to the company.