Home Knowledge Other Jurisdictions Offshore Company Registration Belize Belize Company Registration Package #BLZIC03 Belize Company Registration with Corporate Bank Account
1. |
Fees and Scope of Services of Belize Company Registration |
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Our fees for handling the registration of a company in Belize with a standard capital of USD50,000 (50,000 shares at USD1 per share) and opening a corporate account are USD2,245. In particular, our fees cover the services listed below. |
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(1) |
Company Registration
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(2) |
Application for Certificate of Incumbency Application for one Certificate of Incumbency (also known as Registered Agent’s Certificate) immediately after the company is registered for the purpose of bank account opening. The Certificate of Incumbency details the particulars of the share capital, directors and shareholders. This document must be presented to the bank officer during application of bank account opening. |
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(3) |
CPA Certification Kaizen will prepare a set of CPA certified incorporation documents as required by bank for the purpose of bank account opening. The set of certified documents will include the Certificate of Incorporation, Certificate of Incumbency and Memorandum and Article of Association. |
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(4) |
Corporate Bank Account Kaizen will provide assistance to open a corporate bank account for your Belize company with a leading international bank in Hong Kong or Singapore. Please note the bank requires a simple majority of the directors (in some cases, all directors and shareholders) to visit their branch personally for the purpose of due diligence requirements. Our services are limited to providing assistance, including preparation of certified incorporation documents as required by the bank, pre-screen of account application documents, liaison with bank officer and arrangement appointment with the bank for you, and forwarding Internet banking password and security device to client. Bank has the sole discretion to approve the application for opening an account. Kaizen should not be liable for the account opening result nor refund service fee. |
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(5) |
Tax Identification Number (TIN) Application According to the amendments to Belize International Business Company Act and relevant Tax Act, all Belize companies or entities fall within the list are mandatory required to obtain a TIN number from the tax authorities regardless its business activities and place of business. Yet, obtaining a Belize TIN number does not mean the IBC must be liable for tax in Belize. |
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Note: |
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(1) |
The fee quoted above excludes delivery charge. |
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(2) |
Readymade company is available in Belize. The fee for purchasing a ready-made company (shelf company) is same as a tailor-made company. |
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(3) |
If Chinese name is required or the readymade purchased comes with a Chinese name, an extra fee of USD200 will be charged. |
2. |
Time of Billing and Payment Methods |
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We currently accept Hong Kong Dollar check, cash or TT and credit card through PayPal only. If payment is settled through PayPal, extra 5% services fee will be charged. Upon receipt of your order, we will issue an invoice to you for your settlement. Because of the nature of services, we require full payment in advance. Also, once service is commenced, no service fee will be refunded except special cases. |
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3. |
Materials to be provided by Client |
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Client needs to provide the following documents and information to Kaizen by email, fax or post for purpose of incorporating a company in Belize:
The identification documents listed above must be certified by a staff of Kaizen, or by a CPA, lawyer or attesting officer. Client can visit any of our offices with the original identification documents of the shareholders and directors and our staff will perform certification. |
4. |
Registration Procedures and Estimated Time Frame |
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The registration of Belize company needs around 8-10 working days, plus 3 working days for delivery. Bank account opening may take around 4-6 weeks. That said, the whole process may take around 6-8 weeks. The table below shows the estimated time frame for each of the steps for the registration process for your reference.
Note: The bank now may take up to 2 weeks to pre-screen the case before proceeding to an appointment. Bank may need more than 1 month to review and approve the application for bank account opening meeting given that there is no outstanding. |
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5. |
Registration Documents Returned to Client after Registration |
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After the company is officially registered, Kaizen will return the following documents and materials for retention: (1) Original copy of Certificate of Incorporation; (2) 3 printed copy of Memorandum and Articles of Association; (3) Incorporation Documents, Registers of Directors, Members and others; (4) Issued Share Certificates(s); (5) One signature chop and one Common Seal; (6) A copy of Certificate of Incumbency; (7) A set of CPA certified corporate documents. |
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Annual Maintenance |
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Disclaimer All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage. |