How do I register a small business in Belize?

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

How do I register a business in Belize?

Business Registry Belize Proceedings

  1. Select a Business Structure. …
  2. Find the Location. …
  3. Register a Business Name. …
  4. Submit Necessary Documents and Get the Incorporation Certificate. …
  5. Apply for a Trade License. …
  6. Apply for Work Permit. …
  7. Register with the Social Security. …
  8. Register for Goods and Services Tax (GST)

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 register an LLC in Belize?

Establish an LLC in Belize in 5 Simple Steps

  1. Determine the Owner or Owners for Your Belize LLC. A minimum of one person, or one legal entity, is required to register an LLC in Belize. …
  2. Pick a Name for the LLC. …
  3. Choose a Registration Agent to Help You Register Your LLC in Belize.
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What does registering a business name do?

A business name, also known as a trading name, is a name or title under which a person, or other legal entity, carries on business. When you register a business name, you register it nationally. This means you can operate your business in any state or territory in Australia.

Who needs a trade license in Belize?

If a business owner intends to operate in any municipality, whether Belize City or Belmopan, an application for a trade license is necessary. Trade licenses are obtained from the local city or town council.

Who owns Belize Central Bank?

Central Bank of Belize

The building of the Central Bank of Belize was built to look like a Mayan temple.
Headquarters Belize City, Belize
Established January 1, 1982
Ownership 100% state ownership
Governor Gustavo Manuel Vasquez

How much do you need to live comfortably in Belize?

And though Belize’s cost of living is comparably lower than that of the U.S., its costs vary per area. However, you may very well be able to survive with a monthly budget between $1,200 and $1,500.

What companies are in Belize?

Notable firms

Name Industry Headquarters
Belize Telemedia Limited Telecommunications Belize City
Central Bank of Belize Financials Belize City
Great Belize Productions Consumer services Belize City
Great Belize Television Consumer services Belize City

What is an LLC in Belize?

A Belize LLC or Limited Liability Company offers superior protection of its members (owners) than the other legal entities offered in Belize. … A more recent law created in 2011 allows for the formation of a Limited Liability Company (LLC) governed by the International Limited Liability Companies Act.

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Is Belize limited or unlimited?

Belize LLC does not require unlimited liability of at least one general member like the limited partnership structure, but it limits the company member’s liability to the amount they make the contribution to the company.

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.