Updated: 5 September, 2022. We are now excited to offer Belize LLCs with Ready Made Bank Accounts in a Belize Offshore Bank. The article below has been updated to reflect this! Also check out our latest information on Belize LLCs here.
What classic Caribbean offshore jurisdiction is better known than Belize? Except maybe, the British Virgin Islands – it was BVI that inspired Belize’s first IBC Act that was recently updated in 2022.
Belize, in many cases, is a great jurisdiction to register your offshore company. Belize offers IBC/LLC registration at a very attractive price, and guarantees a favourable British-based legal system. All the banks of the world are very familiar with the documents of Belizean international business companies (IBCs). LLCs appeared in Belize relatively recently but have made major gains over IBCs in recent years.
A company in Belize with a ready made offshore bank account may be of special interest for your business if you want to start trading, literally, today!
In order for you to preserve the confidentiality granted to you by Belize law, it is necessary to take a few basic precautions. Offshore Pro Group offers all its customers from now on to use professional director services, where an experienced manager will represent the beneficial owner’s name so the beneficial owner will not have to appear on the company documents himself, unlike in other offshore jurisdictions. For a higher degree of credibility and respectability, the professional director service can be provided from the very same jurisdiction of Belize, as well as the Ready Made Offshore Bank Account in Belize… adding further substance to the fact you are using a Belize offshore company registration.
Before deciding whether to use professional officers at all, or whether to use a complete set of professional services, it is better to consult us.
Belize is attractive and interesting to many international business persons since it is a jurisdiction that always tries to be ahead of the curve. Previously Belize was famous for its international business companies (IBCs). Today Belize can also offer registration of a limited liability company (LLC) not only at a very attractive price, but also with an updated legal framework. Belize LLCs offer the strongest asset protection in the Western Hemisphere Please see our Comparison of Belize LLCs vs Marshall Islands LLCs for Offshore Asset Protection Purposes in which you will see that Belize LLCs actually come out ahead.
Besides being a strong asset protection jurisdiction, Belize can be great for offshore and online startups that are doing business online.
Let us move on and have a more detailed look at the jurisdiction of Belize.
Belize is a former British Colony, formerly known to everyone as British Honduras. Belize is located on the east coast of Central America in the heart of the Caribbean, and borders on Mexico to the north and on Guatemala to the southwest. Belize is ten times smaller than Great Britain and has a population of just around about 330,000. The bulk of the country’s life takes place in three cities: Belize City, the commercial capital, Belmopan,the seat of government where the Belize LLC and Belize IBC registries are located, and Corozal on the Mexican border where there is a major free trade zone.
Modern Belize offers excellent conditions for offshore business, but apart from that the jurisdiction is famous for its offshore banks that have generally got their priorities right compared to banks in America or Europe. We would like to remind you that it is certainly not necessary for a Belizean company to have a bank account in Belize. For a company registered in Belize, you can open an account with any bank in the world that works with non-resident companies. Nonetheless, if you open a Belize bank account for your Belize LLC or IBC, it’s going to be one of the fastest options because Offshore Pro Group has ready-made Belize LLCs with ready-made offshore bank account in Belize, in stock available for immediate transfer today! Just contact us for details via WhatsApp or email.
Belize, furthermore, is a stable country where you can keep your savings. Banks in Belize are measured in terms of risk-taking, and the political environment is stable. The local Belize dollar currency is pegged at 2:1 to the U.S. dollar. Offshore bank accounts in Belize are always based in US dollars rather than Belize dollars, but accounts in other major currencies such as Euros, Canadian Dollars and Pounds Sterling are also available. The ready made bank accounts we offer in Belize are multi-currency by default and come with online banking for keeping track of your balance and making transactions.
Taxation in Belize is a breeze since all offshore companies are exempt from taxes. However, under the new Companies act, offshore companies and onshore companies have been combined onto one Belize companies register. This change does not affect LLCs because they are considered as passthrough entities, not subject to any taxation. If that sounds like gobbledegook to you, don’t hesitate to reach out to our consultants and ask about whether a Belize IBC or a Belize LLC is a better choice. We’ll be happy to assist you. Suffice to say, for most non-residents looking for a Belize offshore company and ready made Belize offshore bank account, we would probably recommend the LLC form over the IBC Belize company.
Offshore Pro Group offers you to register either an IBC or an LLC. In some cases we recommend purchasing a ready-made LLC to expedite the process. As stated above, we now offer Belize LLCs complete with ready made bank account at a Belize offshore bank, meaning you can receive bank wire instructions to fund your account the very same day you buy the ready-made LLC.
With regard to the main features it is worth mentioning that the standard initial capital for the IBC registration is 50,000 U.S. dollars divided into 50,000 shares with a par value of 1 USD.
Discuss the details with an expert
Check the list of required documents, and get the details of the process, terms, and costs.
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Both IBCs and LLCs must have:
- At least one director and one owner;
- Director and shareholder may be natural persons;
- Director and shareholder may be the same person;
- No company secretary is required;
- Registered agent and registered office are required;
- Payment for LLC renewal is due one year after the date of incorporation. Payment for IBC renewal is linked to the calendar year (calendar year is January 01 to December 31). If a company is registered in the first half of the year (from January 01 to July 31), the next calendar year’s renewal fee can be paid by December 31 of the current year. If the company is registered in the second half of the year (from July 31 to December 31), the company renewal payment for the next calendar year shall be made in advance at registration in order to avoid penalties (for late payment for the company renewal).
- No need to visit Belize to register an offshore company.
- Meetings of shareholders/directors are required, and they can take place anywhere in the world (phone, Internet and other remote possibilities are valid). Minutes can be kept anywhere.
- Bookkeeping is mandatory.
Our offer for setting up an IBC or an LLC in Belize with complete professional service and apostille (LLC 5049 USD; IBC 5,449 USD) includes the following services:
- NEW: Ready-made bank account at a Belize bank with account number available the same day (subject to due diligence)
- All registration fees for the first year, on the schedule shown above;
- Professional director/manager;
- Power of Attorney if required;
- Professional shareholder/member;
- Declaration of Trust if required;
- A set of Articles of Incorporation or Operating Agreement;
- Courier delivery worldwide.
Now that we are including a ready made offshore bank account in Belize as part of our offer, this is a very complete package. The only extra you might need is an apostille on the corporate documents. This is not necessary for the Belize offshore bank account opening, but will likely be necessary if you wish to open a branch in another country.
Company Registration (LLC/IBC)
| Company Registration (LLC/IBC) | USD | Service delivery terms |
| Basic set of corporate documents that includes: Standard set of registration documents; Notarization; Certificate of Incorporation; Registered agent services (for calendar year); Registered office (legal address) in Belize; Courier delivery worldwide |
IBC 1,100 + 1,400 (renewal prepayment) LLC 1,750 |
2 to 3 business days |
| Apostilled IBC set: Certificate of Incorporation Memorandum of Association and Articles Appointment of the First Director & Officers & Adoption of By-Laws Consent to Act as Director Inaugural Resolution Ownership Certificate Register of Directors Register of Members |
1,550 + 1,400 (renewal prepayment) |
4 business days |
| Apostilled LLC set: Certificate of Organization Appointment of First Managers Articles of Organization Operating Agreement Capital membership Register of Managers Ownership Certificate |
2.55 | 5 business days |
| Apostille IBC set + complete professional officers’ service: Company registration; Payment of state registration fee; Registered agent services in Belize; Registered office (legal address) in Belize; 1 set of original corporate documents; 1 set of apostilled copies of corporate documents; Professional manager/member**; Apostilled Power of Attorney, original; Declaration of Trust, original; Declaration of Trust, copy; 1 set of apostilled copies of the professional officer’s documents; Certificate of Good Standing of the legal entity acting as professional officer; Certificate of Incumbency; Power of Attorney, copy; Passport copy; Copy of a utility bill; Reference letter from a bank or a bank statement; Courier delivery worldwide |
6,513 + 1,400 (renewal prepayment) |
5 to 6 business days |
| Apostille LLC set + complete professional officers’ service: Company registration; Payment of state registration fee; Registered agent services in Belize; Registered office (legal address) in Belize; 1 set of original corporate documents; 1 set of apostilled copies of corporate documents; Professional manager/member**; Apostilled Power of Attorney, original; Declaration of Trust, original; Declaration of Trust, copy; 1 set of apostilled copies of the professional officer’s documents; Certificate of Good Standing of the legal entity acting as professional officer; Certificate of Incumbency; Power of Attorney, copy; Passport copy; Copy of a utility bill; Reference letter from a bank or a bank statement; Courier delivery worldwide |
7.514 | 5 to 6 business days |
| Payment for annual IBC renewal and maintenance: Payment of the renewal state fee; Registered agent services in Belize; Registered office (legal address) in Belize |
1.1 | 1 business day |
| Payment for annual LLC renewal and maintenance: Payment of the renewal state fee; Registered agent services in Belize; Registered office (legal address) in Belize; Renewal Certificate scanned copy (for LLCs only) |
1.1 | 1 business day |
| Annual payments to the professional officers in Belize: | ||
| Professional director/manager | 1.399 | 1 business day |
| Professional secretary | 1.399 | 1 business day |
| Professional member | 1.399 | 1 business day |
| Additional documents after company registration: | ||
| Notarized set of corporate documents’ copies | 400 | 1 to 2 business days |
| Notarized and apostilled set of corporate documents’ copies | 670 | 2 to 3 business days |
| Copy of Certificate of Incorporation | 500 | 1 to 3 business days |
| Preparation of registers: Managers/Members/Shareholders/Directors/Mortgages | 525 | 2 business days |
| Preparation of the minutes of the first Board of Directors’ meeting | 320 | 2 business days for standard documents, over 2 business days for customized documents |
| Preparation of the minutes of the first Board of Directors’ meeting (notarized) | 560 | 2 business days for standard documents, over 2 business days for customized documents |
| Share Certificate | 300 | 2 business days |
| Company search | 435 | 2 to 3 business days |
| Power of Attorney, simple | 399 | 1 business day |
| Power of Attorney, notarized | 625 | 1 to 2 business days |
| Power of Attorney, apostilled | 825 | 2 to 3 business days |
| Declaration of Trust, simple | 600 | 1 business day |
| Declaration of Trust, notarized | 825 | 1 to 2 business days |
| Declaration of Trust, notarized and apostilled | 1095 | 2 to 3 business days |
| Extra certificates after company registration: | ||
| Certificate of Good Standing | 680 | 2 to 3 business days |
| Certificate of Good Standing, apostilled | 950 | 2 to 3 business days |
| Certificate of Incumbency, simple: — standard — with BOs — with BOs and shares |
500 500 500 |
1 to 2 business days |
| Certificate of Incumbency, notarized | 725 | 1 to 2 business days |
| Certificate of Incumbency, apostilled | 995 | 2 to 3 business days |
| Tax Exemption Letter | 450 | 5 business days |
| Tax Exemption Letter, apostilled (for IBCs only) | 720 | 6 business days |
| Certificate of Dissolution | 1 | 7 business days |
| Document certification: | ||
| Certification signed by the registered/resident agent (per document) | 150 | 2 business days |
| Certification of registered agent (for a set of documents) | 200 | 2 business days |
| Notarization (per document) | 200 | 2 business days |
| Apostille with no certification stamp (per document) | 270 | 2 to 3 business days |
| Legalization, upon request | 3 to 5 business days | |
| Change of company name/capital/structure: | ||
| Change of company name | 640 | 1 business day |
| Change of capital | 640 | 1 business day |
| Change of share capital (if some or all shares have no par value) Change of capital if share capital is over $50,000 |
1.82 | 1 business day |
| Change of officers/directors/managers (including drafts and registers) | 600 | 3 to 5 business days |
| Change of shareholders/members (including drafts, registers and up to 2 Share Certificates) | 600 | 3 to 5 business days |
| Transfer of ownership (including registers, reissue of new Certificate of Ownership and Share Certificate) | 600 | 3 to 5 business days |
| Amendments to the Articles of Association (addition of a paragraph, change of capital, etc. i.e. any changes in the company’s Articles of Association that are stamped by the Register) | 1.2 | 3 business days |
| Reissue of incorporation documents | 1.625 | 3 business days |
| Amendments to the company Resolution, Memorandum and Articles of Association (introduction of additional paragraphs, capital increase, changes in the Memorandum) | 640 | 3 business days |
| Amendments (if share capital is over $50,000) to the company Resolution, Memorandum and Articles of Association (additional paragraphs, capital increase, changes in Memorandum) | 1.82 | 3 business days |
| Changes to the company after registration: | ||
| Change of jurisdiction for a company of up to USD 50,000 or less in share capital | 2 | up to 15 business days |
| Change of jurisdiction for a company of over USD 50,000 and more in share capital | 3.9 | up to 15 business days |
| Certificate confirming the change of jurisdiction | 1.2 | 2 to 3 business days |
| Restoration of a company struck off the Register (up to 6 months) | 1.5 | 2 to 3 business days |
| Restoration of a company struck off the Register (over 6 months) | 2.625 | 2 to 3 business days |
| Company dissolution | 1.5 | 30 business days |
| Change of registered agent (TransferOut) | 1.6 | 3 to 5 business days |
| Change of registered agent (TransferIn) (additional renewal payment is required) | 500 | 3 to 5 business days |
| Other services: | ||
| Signing of any document by a professional officer — for the 1st document; — for the 2nd document and more |
75 | 1 to 2 business days |
| Scanned copy of a document (per 1 page) | 100 | 1 business day |
| International courier delivery | 200 | 3 to 5 business days |
| Seal | 200 | 5 business days |
| Negotiated services: | ||
| Services of professional director | 3.4 | TBD individually |
| General advice | To be agreed | TBD individually |
| Legal advice | To be agreed | TBD individually |
| Substance for Belize company: | ||
| Financial report (up to 20 transactions) | 1.9 | TBD individually |
| Financial report (from 20 transactions) | from 1,900 | TBD individually |
| Design of website, payment of state registration fee and the registered agent fee | The cost depends on complexity | TBD individually |
| Virtual office (Panama) per year: Address; Mail/Courier shipment; Phone with recording function. |
3 | up to 7 business days |
After you register your offshore company in Belize, you will be given a set of the following documents:
- 1 Certificate of Incorporation in Belize;
- 1 Articles of Incorporation and By-Laws of the LLC or Belize International Business Company;
- 1 Minutes of the first meeting appointing a director of an International Business Company or manager for a Belize LLC;
- 1 Minutes of the first meeting (Appointment of First Director);
- 1 List of Directors (Register of Directors);
- 1 List of Shareholders (Register of Shareholders);
- Share Certificate(s) in your name or in the name of a professional shareholder (if you choose to add a professional shareholdder service);
- Declaration of Trust (if you order professional shareholder service for an additional fee);
- 1 set of copies of corporate documents.
- 1 Resignation Letter of the professional director, signed but undated.
The service also completely covers the following:
- registration and preparation of documents for an LLC or an international business company in Belize;
- registration fees;
- registered agent services for the first year;
- registered address for the first year;
- courier delivery of documents to wherever you want them to be delivered
We are happy to help our clients select a bank even before registering a company in Belize as part of our free consultation on choosing an offshore or foreign bank account.
IBC/LLC incorporation procedure in Belize with complete professional service and apostille:
The first and basic step is your intention to incorporate an IBC/LLC in Belize with complete professional service and apostille. To do this, please contact us at info@offshore-pro.info.
In accordance with the service agreement, you will be required to pay a fee for the services provided and assistance in registration of IBC/LLC in Belize, which you can do by card, via the PayPal system or by bank transfer. The fee starts from 5049 USD.
Once you have paid the fee, we will start preparing your documents.
To register an IBC/LLC in Belize with complete professional service and apostille, you will be required to provide the following documents:
- Copy of your passport or other acceptable Identification Document (photo and signature pages).
- Proof of residence (utility bills);
Notarized copy of a utility bill or a bank statement to prove your address of residence.
Note: this document should not be older than 3 months by the time your registration documents are submitted. It must also be translated into English and notarized.
- Company name of your choice;
- Contact information, i.e. the address where we can send you the documents of your company in Belize.
Company registration in Belize will start after we verify all the documents. The time required to register a company in Belize is up to 1 week.
Please do not hesitate to contact us for advice. Start your company registration right now. We will provide you with the best offshore products with the professional officers’ service.
