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
- Select a Business Structure. …
- Find the Location. …
- Register a Business Name. …
- Submit Necessary Documents and Get the Incorporation Certificate. …
- Apply for a Trade License. …
- Apply for Work Permit. …
- Register with the Social Security. …
- 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
- 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. …
- Pick a Name for the LLC. …
- Choose a Registration Agent to Help You Register Your LLC in Belize.
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.
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.