Belize company registration

DOING BUSINESS IN BELIZE IN 2017

Since 2003, Healy Consultants Group PLC has assisted our Clients with business registration in Belize. Our services include i) Belize business registration (offshore and onshore), ii) government license registration, iii) international or Belize corporate bank account opening, iv) employee recruitment, v) employee visa strategies and vi) office rental solutions.

Press the link headings below to read detailed, relevant, up to date information for Belize business setup.

  • Benefits of Belize company registration

    1. Foreign businessmen often choose Belize to register their offshore company because:
      • International business companies (IBCs) registered in Belize are free from local corporate income tax on their foreign-sourced income;
      • There is also no capital gains tax in the country nor withholding tax on dividend distributions or interest payments by IBCs;
      • Only one director and one shareholder of any nationality is sufficient to begin operations, and minimal capital required is just US$1;
      • Companies with an authorised capital up to US$50,000 pay Government company renewal fees of only US$100 per year;
      • The documents necessary for IBC registration can be supplied in English, minimizing translation costs;
      • The local Income Tax Department does not require financial statements to be filed along with the annual return.
    2. Belize offers attractive investment promotion incentives, including:
      • Fiscal Incentive Program removing all customs duties for foreign investors;
      • There are no restrictions on foreigners owning real estate in Belize;
      • 20 years tax holiday and multiple operational incentives under the Export Processing Zone program.
    3. Belize is a great place for a US investor to buy real estate and retire because:
      • There are two major retiree programs (QRP and DRI) offering: i) exemption on personal taxation, ii) exemption on import duties for motor vehicle for 5 years and iii) dependant residence permit programs for close kin;
      • Real estate prices are one of the most affordable in the Caribbean and Central American regions;
      • The country is easily accessible from the USA. Important US travel hubs, such as Miami are just 2 hours away via plane;
      • English is native to the country and the primary business language.
  • Problems with Belize company registration

    1. The country’s market is very small with just above 350,000 people, offering little potential for growth for local-targeted business;
    2. Belize is commonly perceived as a tax haven, with lax enforcement of anti-money laundering/countering financing of terrorism regulation. Registering an offshore company in this jurisdiction will inevitably attract additional scrutiny from the tax authorities of the country of residency of our Clients;
    3. Using a Belize offshore company to evade tax and other illegal activities can send you to jail. It is important that our Clients are aware of their personal and corporate tax obligations in their country of residence and domicile and they will fulfil those obligations annually. Let us know if you need Healy Consultants’ help to clarify your annual reporting obligations.
  • Best uses for a Belize company

    1. A Belize IBC is a tax-efficient vehicle to conduct global business or operate as holding company;
    2. Investors interested to relocate and retire in the Caribbean Region and purchase real estate will find Belize as suitable destination.

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Company registration

  • Time to incorporate: One week
  • Cost to set up: US$8,350
  • Minimum capital: US$1
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: Yes
  • Resident director: No

Key facts

  • Corporate tax rate: 0%
  • Corporate tax base: Territorial
  • Shelf companies: Unavailable
  • Main company type: Offshore IBC

Contact us

For additional information on our company registration services in Belize, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Petar Chakarov, directly:
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