Belize Company Formation

Information about the beneficiaries of the company must be communicated to the registrar, and it will not be made public under any circumstances. No one can find your confidential information, thanks to the privacy policy of Belize's company regulations and framework. A company may elect to submit to the Registrar for registration its register of directors and shareholders. However, the registers must be kept at the registered office and made available as per request by the relevant authorities.

If you want further safety, you can opt for a nominee director and nominee shareholder from Vepapu, where your details will not be shown to the registrar anywhere, but you will still be the ultimate beneficiary for your company.

Effective January 1, 2020, Belize Business Companies (BCs) engaging in activities within Belize became subject to business tax. The tax rate varies from 1.75% to 6%, contingent on the specific nature of their business operations. Notably, BCs that are tax residents in foreign countries are exempt from corporate taxation.

The determination of your tax obligations in Belize hinges on the source of your income. Generally, if your income originates within Belize, such as when you work as an employee in the country, you are liable to pay taxes. However, if your BC is based in Belize and its income is generated from sources beyond the country's borders, you enjoy tax exemption.

Additionally, Belize Limited Liability Companies (LLCs) benefit from a range of exemptions within the country. This includes income tax, business tax, withholding tax, asset tax, gift tax, capital gains tax, distribution tax, inheritance tax, and estate duty. However, these exemptions apply exclusively to income or assets earned or located outside of Belize.

Vepapu simplifies the journey of forming and managing your offshore company in Belize. Our all-inclusive platform and expert services cover every step. We offer registered agent services, local business addresses, nominee director and shareholder options, and even accounting plans. With Vepapu, you'll navigate compliance seamlessly and manage your company effortlessly through our user-friendly online dashboard. Change company details, alter share capital, and more with ease. Your offshore success story starts with Vepapu, and we will ensure your journey is smooth and hassle-free.

Typically, registering a Belize company involves six key steps:
1. Choose a business name and register it with the Belize Companies & Corporate Affairs Registry;
2. Submit the necessary documents and obtain your incorporation certificate;
3. If your business activities require it, obtain a business license or permit in accordance with local regulations;
4. Register for Income Tax and General Sales Tax with the relevant authorities;
5. If you plan to hire employees, register with the Belize Social Security Board;
6. While not mandatory, it is advisable to consider registering your intellectual property as a means of safeguarding your brand.

Companies are not required to provide financial documents when filing annual returns; hence, there is no need to do accounting and/or bookkeeping. Companies are not required to provide financial documents when filing annual returns.

If you want to have an accurate financial picture of your company, you can opt for an accounting and bookkeeping plan from Vepapu. This makes your journey very simple, transparent, and data-driven.

For Belize companies incorporated between January 1st and July 31st, the renewal should be completed before the company's anniversary date.
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Likewise, companies formed in Belize from August 1st to December 31st must be renewed before July 31st of the following year.

We make sure that you don't miss these steps, so your business can run smoothly without any issues. We will inform you of these encounters at least 2 months in advance, which gives you flexibility to take actions easily on the Vepapu dashboard.

The annual compliance obligations for non-resident companies in Belize are straightforward and involve the following requirements:

For non-resident companies:
1. Appointing at least one director/shareholder;
2. Keeping a registered agent and address within Belize;
3. Paying the annual government renewal fee;
4. Submitting an annual tax return or confirming tax exemption status.

In addition to the above, non-resident Belize LLCs should comply with:
5. Appointing at least one manager/member;
6. Filing an annual economic substance report.

Also, you have to pay an annual fee. This fee is based on the authorised share capital of the company. This keeps your company compliant with Belizean rules and regulations.

No, a BVI Exempted Company isn't required to hold an annual general meeting (AGM) as per the Companies Law. But if the company's Articles of Association say it should or if most of the Board of Directors agree, then an AGM can happen. It's not a must, but it's possible if you want to have one.