Belize
Belize Companies are registered under the International Business Companies Act 1990.
Name - An application is filed at the Belize Companies & Corporate Affairs Registry for approval and it must not be similar to any already existing company.
Type of company - The most common types of companies registered are International Business Companies.
Taxation - Belize companies are exempt from taxation.
Annual license fee - An annual licence fee of $100 is payable for companies with share capital up to $50000 and $1000 for companies with share capital over $50000.
Registered office - It must be situated in Belize.
Members/Shareholders - The minimum number is one.
Public access - The files maintained by the Belize Companies & Corporate Affairs Registry are not accessible to the public.
Directors - The minimum number is one.
Secretary - It is not obligatory to appoint a Secretary.
Share capital - The minimum amount is $50000.
Annual Return filing - There is no requirement to file an annual return at the Belize Companies & Corporate Affairs Registry.
Financial Statements - According to the Accounting Records (Maintenance) Act 2013 every company registered in Belize must prepare management accounts but under no obligation audit or to file these with any Governmental Authority. The Law states that any person who fails to comply with or contravenes any of the provisions of this Act commits an offence and shall be liable on summary conviction to a fine not exceeding ten thousand dollars and in addition, the certificate of registration or incorporation or the licence of such entity may be revoked by the relevant authority. SECTION 7 of Law.
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