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Belize Company Registration Procedures and Fees

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Belize Company Registration Procedures and Fees


The Belize company stated in this quotation refers to an international business company (“IBC”) incorporated under the International Business Companies (Amendment) Act, 2019 (the “IBC Act”) of Belize.


Our fees for the formation and registration of an International Business Company (IBC) in Belize are USD1,250. The fees quoted include our professional registration service, provision of a registered agent and registered office service for one year and the payment of official filing fees to the Belize Government. In short, our fees cover all formalities to bring a Belize IBC into existence.

For the purpose of registration of an IBC in Belize, the client needs to provide the proposed name of the company, the amount of registered capital, identity proof, such as passport or Certificate of Incorporation, and address proof, such as utility bill or address of registered office, of each person who will be the shareholder and director.

The registration of an IBC in Belize can be completed in 8-10 working days. However, 2 to 3 more working days should be allowed for delivery of Certificate of Incorporation to reach Hong Kong and for the making of company chop.

Upon request, Kaizen can assist you to set up a corporate bank account in Hong Kong or Singapore for a fee of USD780. This fee covers the preparation of CPA certified corporate documents for the purpose of bank account opening. Please note, however, our service is limited to providing assistance and we cannot guarantee that bank account can be opened successfully.  

Important Note: please note that the fees quoted here are for reference only and are subject to change from time to time.

1.
Fees and Scope of Services of Belize Company Registration

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) is USD1,250. In particular, our fees cover the services listed below.

(1)
Preparation and filing of incorporation documents with the Registrar for incorporation;

(2)
Payment of official filing fee;

(3)
Provision of first year registered office service;

(4)
Provision of first year registered agent service;

(5)
Application for Tax Identification number (TIN);

(6)
One company kit.


Note:

(1)
The fee quoted above excludes delivery charge.

(2)
Readymade company is available in Belize. The fee for purchasing a ready-made company (shelf company) is same as a tailor-made company.

(3)
Chinese name available for an extra fee of USD200.

2.
Optional Services

No.

Services

Fees (USD)

1

Additional Chinese name (Note 1)

200

2

Hong Kong mailing address (Note 2)

500

3

Certificate of Incumbency (Note 3)

250

4

Certificate of Good Standing (Note 4)

250

5

CPA certification (per set)

100

6

Bank account introductory opening (Note 5)

780



Note:

(1)
If you also wish to register a Chinese name for your Samoa company, or the shelf company you decide to purchase, an extra fee of USD260 will be charged.

(2)
Unless otherwise agreed, mails will be forwarded once a month. Delivery charges will be billed separately. For mailing address in other jurisdictions, please call and talk to our professional consultants.

(3)
The Certificate of Incumbency, also known as Registered Agent’s Certificate, details the particulars of the share capital, directors and shareholders of your BVI company and must be presented to the bank during application of bank account opening.

(4)
A certificate of good standing is a document that is issued by a state agency, for example, the Registrar of Companies. In some states, it is called a certificate of status or certificate of existence. It verifies that a business entity is legally registered with the state and is authorized to do business there.

(5)
Kaizen will help you 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.

3.
Time of Billing and Payment Methods

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.

4. Materials to be provided by Client

Client needs to provide the following documents and information to Kaizen by email, fax or post for purpose of incorporating a company in Belize:

(1)
One photocopy of passport and residential addresses proof which issued not more than 3 months and in English (such as utility bill or telephone bill or bank statement) in respect of each shareholder; if shareholder is another corporation, please provide Certificate of Incorporation, latest registered office address proof, latest register of directors, latest register of members and register of ultimate beneficial owners, and the identity and residential address proof of each shareholder or Ultimate Beneficial Owner holding more than 10% of shares in that company;
(2)
One photocopy of passport and residential addresses proof which issued not more than 3 months and in English (such as utility bill or telephone bill or bank statement) in respect of each director; if director is another corporation, please provide Certificate of Incorporation and latest registered office address proof documents;
(3)
The latest organization chart certified by director for identification of ultimate beneficial owners;
(4)
A duly completed and signed Company Incorporation Order Form (Provide by Kaizen).

The identification documents listed above must be certified by Kaizen, or by a CPA, lawyer or attesting officer. Client can visit any of our offices and we will perform certification.

5.
Registration Procedures and Estimated Time Frame

It is estimated that the whole registration process would take any around 8~10 working days. The table below shows the estimated time frame for each of the steps for the registration process for your reference only.

Step

Description

Time

1

Client places an order for incorporation with Kaizen and provides the documents and information listed in Section 5 to Kaizen by email or fax or post

Client’s Schedule

2

Client arranges to have the identification documents of the shareholder(s) and director(s) certified by Kaizen or other attesting officers.

Client’s Schedule

3

Kaizen checks name availability and confirms with client the search results

Day 1

4

Kaizen or its associate in Belize files the incorporation documents with the Registrar of Companies

Day 2

5

The Registrar of Companies issues the Certificate of Incorporation

Day 8

6

The Certificate of Incorporation being delivered to Hong Kong

Day 10

7

Kaizen prepares other corporate documents and sends them to client for signing

Day 11

8

Client returns the duly signed documents back to Kaizen by email or fax

Day 12

9

Company kit being delivered to Client

Day 12


6.
Registration Documents Returned to Client after Registration

After your Belize 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.

Kaizen will deliver the above documents to your designated address or you can come to any of our office to collect them.

7. Annual Maintenance

(1)
Annual License
(a) Fee
The current annual maintenance costs for the second and subsequent years of a standard Belize International Business Company are USD750 (applicable to company with registered capital of no more than USD50,000). The annual maintenance costs include annual franchise or license fees, annual registered office and registered agent fee.
(b) Time of Payment
The annual renewal fee needs to be paid not later than 31 May every year following the year of incorporation. We will send a renewal notice to all our clients 2 months before the due date for payment. If you do not receive our renewal notice by 30 April, please inform us accordingly.

(2)
Economic Substance Reporting

The Belize Economic Substance Act came into effect 11 October 2019 requires legal entities to report and file relevant information about the business annually. For the company conducting business activity in the scope of Relevant Activities, it requires to demonstrate a degree of economic substance within the Belize in order to prevent profit shifting. Services fee USD350 will be charged for data collection, uploading and submission of information, but does not cover tax return filing.

Read more about our Belize company incorporation + corporate bank account package

If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ Wechat: +852 5616 4140
Skype: kaizencpa

Download: Belize Company Registration Procedures and Fees [PDF]

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