How do I form an LLC in Belize?

What is a Belize LLC?

A Belize LLC or Limited Liability Company offers superior protection of its members (owners) than the other legal entities offered in Belize. … Belize is a very popular jurisdiction for offshore company formation. Its Belize International Business Companies Act (IBC) has been in place since 1990.

How do I start a business in Belize?

The five steps you need to take to register a company in Belize

  1. Choose the company type. …
  2. Choose the business areas. …
  3. Register a legal address. …
  4. Invent and register the company name. …
  5. Submit the document package for company registration.

Can foreigners form LLC?

Anyone can form a Limited Liability Company (LLC) in the USA; you do not need to be a US citizen, or a US company. Foreign citizens and foreign companies can form an LLC in the USA. The steps to form your Foreigner-Owned LLC are: … Get a Physical US Mailing Address.

Do I need 4WD in Belize?

Reading the LP travel guide, it seems the roads are in poor quality excepted the 3 main highways and a 4WD is mandatory to drive deep in the country.

THIS IS FUN:  How does college work in Guatemala?

What is an example of a limited liability company?

An LLC allows the pass-through taxation of a partnership with the limited liability of a corporation. … Many well-known companies are structured as LLCs. For example, Anheuser-Busch, Blockbuster and Westinghouse are all organized as limited liability companies.

How much does it cost to register a business in Belize?

Fees

Different Belize entity types Cost Draft invoice
Tax resident LLC US$8,350 View invoice PDF
International business company US$7,300 View invoice PDF
Branch of a foreign company US$9,500 View invoice PDF
Representative office US$9,700 View invoice PDF

Where do I register my business in Belize?

According to the Business Names Act, Chapter 247 of the Laws of Belize, every firm or individual having a place of business in Belize should register their business name. Responsible for “Business Names Registration” is the Belize Companies Registry located in Belmopan City.

How do I get a business license in Belize?

There are 6 steps to formalising a business in Belize:

  1. Step 1: Business name Registration. …
  2. Step 2: Trade License Acquisition. …
  3. Step 3: Income Tax Registration. …
  4. Step 4: GST Registration. …
  5. Step 5: Social Security Registration. …
  6. Step 6: Registration /Protection of Intellectual Property.

How do I create my own LLC?

How to Set Up an LLC

  1. Decide on a Business Name. …
  2. Designate a Registered Agent. …
  3. Get a Copy of Your State’s LLC Article of Organization Form. …
  4. Prepare the LLC Article of Organization Form. …
  5. File the Articles of Organization. …
  6. Create an Operating Agreement. …
  7. Keep Your LLC Active.

How much does an LLC cost?

The main cost of forming a limited liability company (LLC) is the state filing fee. This fee ranges between $40 and $500, depending on your state. There are two options for forming your LLC: You can hire a professional LLC formation service to set up your LLC (for an additional small fee).

THIS IS FUN:  How wide is the thinnest part of Panama?

How do I register my business in another country?

How to Register as a Foreign Entity in Every State

  1. Conduct a name availability search. …
  2. Select a registered agent to represent your business in the state. …
  3. Many states will require that you provide a certificate of good standing from your business formation state. …
  4. Provide a copy of your formation documents.

Can a foreign individual be a member of an LLC?

Yes, a US LLC can be owned entirely by foreign persons. … When there is a foreign partner in an LLC, that partner must have a US Taxpayer Identification Number (“ITIN”). This must be obtained if the LLC is engaged in a US trade or business (i.e., if it will make money).

How can I register my company?

How to Register a Business

  1. Choose business structure. The first step is to decide on a business structure. …
  2. Find a location. …
  3. Register your business name. …
  4. Register with the IRS. …
  5. Register with state and local agencies. …
  6. Apply for licenses and permits.