Company Limited by GuaranteeBelize
What it takes to form, own and run an other legal form in Belize, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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A Belize Company is a legal vehicle that may be incorporated by share capital or guarantee members with limited liability.
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Where a company has only one member who is an individual and that member is also the sole director of the company
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(a) articles complying with section 9; or (b) if the company is to be incorporated as a segregated portfolio company, the written approval of the Commission given under section 132(1); and (c) such other documents as may be prescribed or notified by the Registrar.
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 1 · none need live there
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a company shall, at all times, have one or more directors.
- Shareholders
- Not stated
The registry’s and the law’s own pages do not mention it.
- Members
- At least 1 · one person may form it alone
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Where a company has only one member who is an individual and that member is also the sole director of the company
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Required
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a company shall at all times have a Registered Agent in Belize, unless– (a) it is a domestic company without any foreign shareholders or directors; or (b) otherwise prescribed by Regulations.
Each year, at the registry
- Annual registry fee
- BZD 200
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Annual Returns/Renewals- Belize Companies | $200 < = 50,000 shared capital / $2,000.00 > 50,000 shared capital
- Accounts on the public record
- No
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The records and underlying documents required to be kept under this section shall be kept at the registered office of the company, at the office of its Registered Agent or at such other place as the directors may by resolution determine.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Annual return of the company, made up to 31 December of the previous year
- 30 June
With Belize Companies and Corporate Affairs Registry (BCCAR), through OBRS
Belize Companies Act 2022 s.294(2): on or before 30 June each year, made up to 31 December of the previous year. The registry FAQ says annual returns are filed in OBRS. Penalty amounts are set by Regulations and were not read.
What is public
- Directors
- Public
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inspect any document retained by the Registrar in accordance with section 295
- Shareholders
- Public
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inspect any document retained by the Registrar in accordance with section 295
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies+2 regimes
Belize Tax Service guide: Business Tax is charged on total revenues or receipts without deduction for expenses, on companies and corporations carrying on business in Belize; the rate depends on the kind of receipts (for example 6% for tour operators, 1.75% on accommodation charges, 5% or 15% on commissions). No single company rate is stated; the guide does not give a corporate income-tax rate.
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Business Tax is a tax on TOTAL REVENUES or RECEIPTS
Special regimes that may apply
- Commercial Free Zone (Free Zones Act, Chapter 278) free zone · 100% exempt
A CFZ business — a business licensed to operate within a commercial free zone — and a CFZ developer Free Zones Act (Chapter 278), section 27 - Designated Processing Area (Designated Processing Areas Act, Chapter 280) free zone
An approved company holding DPA status granted by the Designated Processing Areas Council, operating within a designated processing area Designated Processing Areas Act (Chapter 280), section 18, read with the Income and Business Tax Act (Chapter 55), section 21, first paragraph, paragraph (c)
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Belize
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Not in our records
- Statutory fee
- BZD 200
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Dissolution/Liquidation $200.00 $100.00
Every business in Belize
GST
- The tax
- General Sales Tax (GST)
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Administering income tax, business tax, and general sales tax (GST) in accordance with the relevant legislation.
- Standard rate
- Not in our records
- Other rates
- Not stated
- Registration threshold
- Not in our records
- A foreign company
- See the note
The Belize Tax Service Department's own site is a script-drawn application that serves no readable text, so no non-resident rule could be read.
- Tax authority
- Belize Tax Service Department (BTS), Ministry of Finance
Payment and banking services
None of the services whose lists we hold names Belize. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Other legal formDerived our grouping, the same words in every country
- Name in law
- Company Limited by Guarantee
- ISO 20275 code
- ZHT0Secondary GLEIF, Entity Legal Forms code list