Incorporation + Compliance

Company Incorporation in Belize

Effortlessly incorporate and manage your company in Belize with Vepapu—offering all-in-one services from registration to compliance, banking, and visa support.

Company Incorporation in Belize
Cayman Islands Company Formation
Why Belize

Belize as Your Business Destination

Unlock Growth Opportunities in an Emerging Market

Low Tax

Low Tax

Has a very low corporate tax rate of only 2.5%

Privacy

Privacy

No public record of company members' identities.

Low Cost

Low Cost

One of the lowest incorporation & maintenance costs.

No residency requirements

No Residency

Foreigners can easily set up a company with no restrictions.

All-in-one Package

Company Incorporation Package

Everything You Need for Seamless Company Formation

COMPANY REGISTRATION

Online Company Incorporation

Experience seamless company formation from anywhere with Vepapu. Our digital incorporation services ensure you can register your company online without the need to travel or submit paperwork in person.

We guide you through each step of the process, ensuring compliance with local regulations and providing support for any incorporation-related queries.

Online Company Incorporation
Registered Agent and Address
LOCAL ESSENTIALS

Registered Agent and Address

Meet the local requirements online with Vepapu. Having a local registered agent and office address is mandatory for your company's registration and we will help you meet this requirement. We will receive, scan, and email you if any mail is received from the authorities at your address.

You can also build a physical presence in the country by opting for our nominee director services, who will act as your company's director while you retain total control over your company.

ACCESS BANKING

Bank Account Opening

You can capitalise on our strong banking relationships with traditional banks as well as digital-first banking providers.

You would need to physically visit the bank's location if you opt for a traditional brick-and-mortar bank, while modern digital banking providers welcome you with an online onboarding process.

Bank Account Opening
Entity Structure

Two Company Types

Business Company (BC)

A versatile corporate structure allowing for various activities, often used for international business with minimal reporting requirements.

Limited Liability Company (LLC)

Offers limited liability to its members, commonly used for holding assets or doing business with simplified management.

Icon - Elements Webflow Library - BRIX Templates
Icon - Elements Webflow Library - BRIX Templates
Flexible and secure payment options worldwide
Docs & Info

Documents Required

Mandatory documents and information required for your company formation

Individuals

If you are an individual:

Proof of Identity:

Included

A certified true copy (scanned version) of the passport (valid for at least 6 months)

Included

A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.

Proof of Address:

Included

One of the scanned copies of a bank reference, bank statement, Utility bill, or Driver license.

It should clearly show the holder's full name along with a physical address written in English (P.O. Box addresses are not accepted).

It must be the most recent version and dated within the last 3 months.

Organization

If you are an organisation:

Company Documents:

Please provide us with certified true copy (scanned version) of the following company documents:

Included

Certificate of Incorporation

Included

Memorandum and Articles of Association / Constitution

Included

Register of Director

Included

Register of Shareholder / UBO

Included

Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).

Company Members:

All members of the corporation, including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons, must provide identity and address proofs as mentioned above.

PROCESS

Incorporate in 5 Easy Steps

From Paperwork to Approval: Making Company Formation Fast and Straightforward

Step 1

Tell us your requirements

Click here and fill out the short form to let us know your requirements.

Afterwards, our team will get in touch with you to guide you through the process.

Step 2

Documents and due-diligence

Begin the company incorporation process by sharing the requested documents, as listed here. This enables us to begin the mandatory KYC and due diligence procedures to comply with local and international laws.

During the process of due diligence, our team might request additional information, documents, or clarification as needed.

If you ever feel lost while organising the documents, please contact us, as your dedicated manager from Vepapu will guide you through it.

Step 3

Application and follow-up

Our team will now have the required information and documentation in hand to proceed with completing the required paperwork involved in incorporating your company.

We will complete one or multiple application forms as required and coordinate with the registry to submit them for their official approval.

We will do timely follow-ups with the registry and actively work with them if they require any further clarification or documentation before their approval.

Step 4

Other registrations, if required

If there are any other registrations with different government departments that are generally required before commencement of any business, required for your specific business industry, or that you have chosen voluntarily, we will promptly complete them.

Step 5

Ongoing compliance

As Vepapu strongly believes that company incorporation is just the first step in any business journey, we will accompany you throughout your business's life cycle by keeping it in good standing with local rules and regulations.

We will take care of monthly, quarterly, bi-annual, or annual reports and return filings with the authorities. We will timely inform you of the upcoming compliance deadlines, such as conducting an annual general meeting, for your prompt action.

End

FAQ

Frequently Asked Questions

Find answers to frequently asked questions on company formation in Belize

General

Does my information get displayed publicly by the Belize government?

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.

Are there any taxes in Belize? Do I have to pay any taxes under my offshore company in Belize?

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.

How can Vepapu help with forming and managing my offshore company in 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.

How do I form a company in Belize?

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.

What are the different company types or structures available in Belize?

Below are the different forms of companies in Belize:
1. General Partnership;
2. Limited Partnership;
3. Private Company;
4. Limited Liability Company (LLC);
5. International Business Company.

Management

Are there accounting and auditing requirements for Belizean companies?

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.

Are there any annual filing or return submission requirements in Belize?

For Belize companies incorporated between January 1st and July 31st, the renewal should be completed before the company's anniversary date.
‍
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.

What ongoing compliance requirements do I need to fulfil for a Belizean offshore company?

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.

Are there any obligations to conduct Annual General Meeting (AGM) in the British Virgin Islands?

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.

Are there any obligations to conduct the Annual General Meeting (AGM) in Belize?

No, a Belizean BC or LLC 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.

Directors

Does my Belize company need local directors or shareholders?

No, it's not mandatory to appoint local directors or shareholders when establishing your offshore company in Belize. While a company must have at least one director, you can serve as the director regardless of your nationality, place of origin, or residence.

Optionally, you can use Vepapu's Nominee Director and/or Nominee Shareholder services to hide your identity in your company formation documents as well.

Can a foreigner or foreign company register a company in Belize?

Foreign individuals are welcome to establish companies in Belize, and the government actively encourages 100% foreign ownership. The setup process is straightforward for foreigners, featuring minimal requirements. Notably, there are no residency prerequisites for directors.

What types of shares can Belize BC issue?

With the exception of bearer shares, Belize Business Companies (BCs) are allowed to issue a wide range of share types, including voting and non-voting shares, common shares, preferred shares, and redeemable shares.

Do I need to have a local Registered Address in Belize?

A local address in Belize is an initial requirement for registering a Belize offshore company. This address is used solely for documentation purposes and does not serve as a mailing address.

What is the minimum number of directors or shareholders required to form a company in Belize?

A minimum of one director and/or shareholder is required to form a company in Belizean IBC. It can be a person or an entity.

A Belize LLC is required to have a minimum of one manager and one member, and these individuals must satisfy the following conditions:
1. A single individual can fulfill both the roles of manager and member;
2. Both the manager and member can be either natural persons or legal entities;
3. They may be residents or non-residents of Belize.

Incorporation

How long will it take to incorporate a company in Belize?

Normally, the time it takes to establish a Belize company typically ranges from 2 business days to 2 weeks to receive approval from the registrar, depending on the complexity of your business. We're here to make sure your company's journey is as smooth and speedy as possible.

What are the documents and requirements to form a company in Belize?

To establish a Belizean company, you must meet the following prerequisites:
‍
1. Selecting a distinctive business name;
2. Appointing at least one director, whether a Belize resident or non-resident;
3. Maintaining an official registered office address within Belize;
4. Engaging the services of a registered agent based in Belize;
5. Submitting all necessary documentation to the Registrar;
6. Fulfilling registration fees as stipulated by the authorities.

Documents required to form a company in Belize are:
1. Notarized / Certified true copies of valid passports for all directors/shareholders; and
2. Notarized / Certified true copies of residency proofs for all company directors and shareholders (i.e., utility bill or credit card bill).

These are the general documents needed for your Belize offshore company's formation.

How much does it cost to form a company in Belize?

Registering a Belizean company may encompass various costs, including the incorporation fee, business license fee, registered agent fee, and additional incidental expenses such as bank charges, legal consultations, document notarization, and translation services.

While completing the company formation procedure with Vepapu, you can go through our transparent pricing before you commit anything. There will be no additional or hidden costs associated with forming your company in the Cayman Islands while working with Vepapu.

How to name an International Business Company (IBC) or LLC in Belize?

Belizean LLC's name should include terms indicating its business structure, such as "Limited Liability Company," with acceptable abbreviations being "L.L.C." or "LLC." A Belizean International Business Corporation (IBC) can be formed using any language and is required to conclude with one of these suffixes: Limited, Corporation, Incorporation, Société Anonyme, Sociedad Anónima, or their respective abbreviations.

We've got you covered - we offer unlimited name checks with the Belize registrar. So, if your preferred name is available, you're all set.

What is the minimum Minimum Registered Capital or Authorised Share Capital in Belize?

No specific minimum registered or paid-up capital is mandated for a Belize BC. The standard authorized capital often amounts to US$50,000, and all issued shares must be fully paid. Likewise, Belize LLCs are not obliged to maintain a minimum authorized capital amount.

What types of businesses are Belizean BCs not allowed to carry on?

1. Engaging in business transactions with Belize residents;
2. Owning interests or real estate within Belize;
3. Holding shares in local Belizean companies.

Belizean BCs that are licensed under IFSC are required to establish a physical presence within Belize and submit annual tax returns.

How does the Economic Substance Act affect your Belize company?

The Economic Substance Act, 2019 in Belize applies to certain Belize international business entities (BCs) that engage in relevant activities or are governed by the Belize IFSC Act.

Banking, insurance, fund management, finance and leasing, corporate headquarters, shipping, holding companies, and distribution and service centers are all considered "relevant activities" under the Belize ES regime.

Under this system, each relevant activity that is conducted by each in-scope BC shall be subject to the economic substance test or compliance obligations.

say hi

Contact Us

Get in touch and ask us anything. We'd love to help.

Customer support executive
WhatsApp

WhatsApp

+1 307-886-4647
Contact Vepapu via Email

Email

hello@vepapu.com
Live Chat

Live Chat

Click the icon in the bottom-right corner

Included in the package
Thank you! We will get back to you in a few hours.
Oops! Something went wrong while submitting the form.

Take your first step, the right one

Included in the package
Company Registration
Included in the package
Bank Account
Included in the package
Total Compliance
Cookie Consent
We’re using cookies! What does it mean?
Okay