Belize LLC

Key Features

Completely tax-tree – no income tax, stamp duty, estate taxes, capital gains or withholding tax.
Having only one member is permitted. The member can be a corporate entity.
Non-Disclosure Of Beneficial Owners
LLC’s can be used for financial management, investment holding, ship or property ownership, share ownership of other companies, leasing of assets, copyrighting and/or licensing as well as general commercial trading.
No foreign exchange control.
The LLC is a legal entity with separate rights and liabilities distinct from its members and managers
No statutory accounting or auditing records need to be filed in Belize. Although accounting records are to be kept by the LLC.
No Minimum Capital Requirements
Members are not personally liable for the debts, obligations or liabilities of the LLC
Only judgments delivered by a court in Belize are enforceable against a LLC or any of its managers or members
Members can fully participate in the management of the LLC
Minimal Restrictions

Common Uses

The more common uses for Belize IBCs are as follows:

Hold bank accounts, fixed deposits, investment plans and any other financial or commercial title.
Hold shares of other companies or legal entities.
Own of real estate and any other movable or immovable property or goods.
Own intellectual property.
Manage and promote of international business transactions
International leasing of aircraft, vehicles, machinery and others.
Borrow or lend money, paying or receiving commissions, royalties or others.
Marketing and promotion of products and services
Other commercial and financial activities.

Restrictions

An IBC cannot carry on business with residents in Belize
An IBC cannot own real interest in real property situate in Belize
An IBC cannot hold share, stock, debt obligation or other securities in a local company
An IBC cannot issue shares , stock, debt obligation or other securities to any person in Belize or any local company

Legislation

International Limited Liability Companies Act, 2011
Accounting Records (Maintenance) Act

Compliance

Know Your Client

For Natural Persons

Valid photo-bearing identification, with unique identifier, (e.g. passport, social security card or driver’s license along with a passport or social security card).
an address, evidenced by a recent utility bill;
Contact details, e.g. telephone number, fax number, email
Signature evidence
Purpose and nature of business activity

For Corporate Entities

The original or a certified copy of the Certificate of Incorporation; Memorandum and Articles of Association, copies of registers of directors, officers and shareholders, including their addresses;
mailing address;
contact telephone and fax numbers;
Certificate of Good Standing;
For every individual being a director, officer and/or shareholder (and authorized agent), the customer information as listed under Natural Persons above.

Belize LLCs are not required to file an annual return. However, it is a requirement that the LLC keep reliable accounting records with reasonable accuracy. The LLC is to provide its registered agent with a written record of the physical address of the place(s) where the accounting records are kept and notify the registered agent of any change thereto within fourteen (14) days. The accounting documents and records shall be retained for 5 years and readily made available to the registered agent on request.

Records

a current list of the full name and last known business, residence or mailing address of each member and manager;
a copy of the initial articles of organization and all amendments thereto;
copies of all operating agreements (if any) and all amendments thereto, including any prior operating agreements no longer in effect;
copies of any agreements relating to capital contributions;
copies of all membership certificates issued, if any (but membership certificates shall not be required);
an impression of the limited liability company seal, if any (but a limited liability company shall not be required to obtain a seal); and
(such other documents required by any law in Belize to be kept by the registered agent.

Company Seal

The adoption of a corporate seal is required. An impression of the seal must be kept at the registered office.

LLC Application Form

Download the interactive PDF version of our LLC application form here.