How do I register an LLC 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 name in Belize?

Responsible for “Business Names Registration” is the Belize Companies Registry located in Belmopan City.

Business Registration

  1. Identification Card –Social Security and/or Belize Passport;
  2. Prescribed form(s) to be completed: Form 1, Form 2 or Form 3;
  3. Payment of $25.00;

How do I start a business in Belize?

The process of starting a business in Belize:

  1. Find a physical location for your business.
  2. Register your local company or an existing overseas company.
  3. Apply for a trade license.
  4. Apply for a work permit.
  5. Register with Social Security.
  6. Register with General Sales Tax (GST)

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.

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How do I incorporate my business in Belize?

Key Steps to Incorporate in Belize

  1. Conduct a name check with the Belize Companies Registry.
  2. Complete a Memorandum and Article of Association (M&A) and submit this to the Registrar in Belmopan along with the formation fee.
  3. Approval is granted from Central Bank of Belize.

What are the requirements for registering a business name?

The requirements for registration of business name are minimal and simply involve names and identification of the partners or proprietors of the business, where more than one person is to register the business name. The requirements may also include a partnership deed where necessary.

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.

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

How much does a liquor license cost in Belize?

Types of license:

Cost: urban $2,500.00 rural $2,500.00. Publican Special-is for sale of liquor by retail and for consumption on the premises. Cost: urban $1,500.00 rural $1,000.00.

What sells in Belize?

To help you find that perfect memory or keepsake from your trip, here is our list of top 11 things to buy in Belize.

  • Belizean Chocolate. There is lots of cacao grown in Belize — in fact, the country is known for it. …
  • Mayan Basket. …
  • Rum. …
  • Hot Sauce. …
  • Locally Grown Coffee. …
  • Conch Jewelry. …
  • Wooden Kitchenware. …
  • Wood or Slate Carvings.
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How do people make money in Belize?

Tourism is the Number One Foreign Exchange Earner for the Belize Economy. the country where Spanish and English are both spoken. English remains the country’s dominant language, especially since tourism has become the fastest growing source of income for Belize.

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.

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.