We will only notify the newest and revelant news to you.
Registering a business name in Belize is the first step to forming your business. Protecting your business name is important because it is a form of identification among your target markets. This task will be undertaken by the Belize Company and Corporate Affairs Registry (BCCAR). We encourage you to contact One IBC via phone or email, so we can help you with the procedure of business name registration in Belize.
The required documents to register a business name in Belize must be filled accurately. The checklist of required documents is as follows:
Belize, in general, is a good jurisdiction to form an offshore company. Therefore, knowing how to register a business name in Belize is highly recommended by One IBC before starting doing business there.
When doing business in Belize, it is important to get the right business license for your company. Generally, there are two main types of Belize license that you must know:
Businesses providing any kind of service or product in Belize have to obtain a trade license. You can register the license with the local city or town council. The fees for trade licenses in Belize are divided into sectors and charged based on the annual rental value of the property. For instance, supermarkets, grocery stores, furniture stores, and repair businesses are subject to a 3.5% fee. Hardware stores, gas stations, and dentistry offices are all subject to a 5% fee. For businesses engaging in gaming or monopolies, the highest rate is 25%.
If your business operates in the international financial services industry in or from within Belize, you must carry a Belize financial license. The Belize Financial Service Commision (FSC) is in charge of granting the license. There are 13 types of Belize financial license, prominently including International asset protection and management, Money Transmission, Accounting, and Payment processing Services. The application fee is flat US$1,000 for each type, but the renewal fee is different ranging from US$5,000 to US$25,000.
There is no Seychelles capital gains tax; nor are interest - dividends and other payments received from abroad taxed.
Based on Seychelles Business Tax Act 2009, the Seychelles company tax rate (i.e. Seychelles corporate tax or business tax) is 25% on the first SR 1,000,000 of taxable income and 33% on the remainder.
The Seychelles IBC tax rate is 0%, which means offshore companies in Seychelles can optimize their tax flow, and increase their profits. In addition, company income derived from services outside of Seychelles will not be taxed on dividends, interests, royalties, or other payments paid out to its stakeholders.
In case you are looking for more Seychelles tax guides, you can visit our website or contact our specialists directly via email/hotline.
Since January 1, 2019, Belize international business companies (IBCs) are no longer automatically exempt from taxes. Like a domestic business, these IBCs are subject to the Belize Income and Business Tax Act (IBTA).
Under IBTA, Belize has a dual taxation system. Businesses are levied with two sorts of taxes:
The general Belize income tax rate is 25%.
The Belize business tax rate varies depending on the type of income and is set forth in the principal act's ninth schedule (IBTA).
Furthermore, Belize business tax is not applicable in the following cases:
In order to be qualified for business tax exemption, IBCs must provide documents and proof of their foreign-sourced revenue/income. For further guidance, please feel free to contact us via email [email protected]
The incorporation process takes only 1-2 days since we receive all required documents and payment from your side.
What is the Requirement for the Incorporation Process?
The requirement is simple. You just need to submit 2 types of documents:
See more: How to start a business in Belize
There is no Belize capital gains tax. This means that if you make profit from an investment in Belize, such as property, you will be exempted from capital gain tax for your earnings.
Non-payment of annual renewal fees will make the offshore company lose its status of good standing, the company will also incur severe late penalties and legal consequences.
At any time after the due-date of the Government fees, the Registrar of Companies is entitled to strike-off the company from the Registry for non-payment of fees, after giving the Company a 30-day notice.
2 mins video Belize International Business Company (Belize Offshore Company - IBC) has totally exemption on taxes, according to the International Business Companies Act, 2000. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. Belize is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company
Belize Offshore Company Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 2 working days or a working day in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in the Registrar of International Business Companies system.
You settle the payment for Our Service fee and official Belize Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Belize Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your Belize Offshore Company.
Your Belize Company formation completed, ready to do international business!
Nowadays in the globalized world the exact location of a bank is less important than the choice of the bank itself. When choosing a bank, a number of questions should be considered.
All in all, there is no single answer as to the most appropriate location of an offshore bank account – it is always a compromise between your financial abilities, convenience and reliability.
Yes, there are no restrictions on foreigners opening a bank account. In fact, many foreign individuals and companies have opened an offshore bank account in Belize, including US citizens.
There are two forms of offshore banking in Belize: A Class - Unrestricted license and B Class - Restricted license.
You can open an offshore account for the international company in Belize. There are various types of documents that are required to submit such as company license, driver’s license, social security equivalents, v.v. and it depends on the bank you choose but the general requirements are as follows:
We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.