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Incorporate in Belize
$1,750.00
Establishing a company in Belize
Belize, an English-speaking country in Central America, has built a strong reputation in the offshore financial services industry over the past few decades. One of its key offerings is the Belize Limited Liability Company (LLC), introduced under the International Limited Liability Companies Act (ILLCA) in 2011. This law, modeled largely after U.S. LLC statutes, allows for a flexible and protective corporate structure. In 2023, the ILLCA was significantly revised to align with global tax transparency and economic substance standards, marking a pivotal shift in how Belizean LLCs are treated under both local and international frameworks.
Belize LLCs operate as hybrid entities, combining the legal protections of a corporation with the contractual governance flexibility of a partnership. Members benefit from limited liability, meaning they are only responsible for their unpaid capital commitments. Internally, Belize LLCs are governed by an LLC Agreement—a private contract that outlines the operational structure, member rights, profit distributions, and decision-making processes. This flexibility allows for significant customization without being constrained by formal corporate procedures.
Ownership in a Belize LLC is expressed through membership interests, which may be assigned different levels of voting power and economic participation. Management responsibilities can rest with the members or be delegated to a designated manager or board of managers. One of the most attractive features of a Belize LLC is its robust asset protection framework. For instance, if a member has personal creditors, those creditors can only obtain a charging order against that member’s LLC interest. This entitles them only to receive distributions, if any, without gaining control, asset access, or voting rights—providing a strong deterrent to external claims.
Setting up a Belize LLC is a straightforward process with minimal formal requirements. There is no need for directors, company secretaries, or a minimum capital contribution. A Belize LLC can be formed by just one member, and it is not required to hold annual meetings or file audited financial statements, as long as it does not conduct business within Belize. This simplicity makes it an appealing structure for international entrepreneurs and wealth planners.
However, major changes were introduced in 2023 to the taxation framework for Belizean LLCs. The blanket tax exemption previously granted to international LLCs was eliminated. Now, Belizean LLCs are treated as pass-through entities for local tax purposes. This means their income is taxed in the hands of the members, either as sole proprietors (for single-member LLCs) or general partnerships (for multi-member LLCs), unless an election is made to be taxed as a corporation. Despite this change, Belize imposes no tax if the LLC’s income does not originate in Belize and its members are non-residents.
Belize LLCs remain a preferred vehicle for holding financial assets, managing cross-border investments, and implementing international estate planning strategies. While the updated tax rules reflect a move toward global compliance, the underlying flexibility, asset protection, and simplicity of Belizean LLCs continue to offer strategic value to investors and private clients alike.
The full corporate document package provided for an LLC includes the following –
- Certificate of Organization
- Articles of Organization
- Limited Liability Company Operating Agreement
- Register of Managers and Officers
- Register of Members
- Register of Beneficial Owners
- Ownership Certificates
- Manager Consent Letter
- Appointment of the First Manager by the Organizer
- Organizational Resolutions
- Certificate of Incumbency
Learn more about incorporating in Belize:
In Belize, the most common corporate structure is the Limited Liability Company (LLC), registered under the Limited Liability Companies Act.
Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Belize Company, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency,
Belize Limited Liability Company (LLC) Formation and First-Year Corporate Services – USD 1,750.00 (All Included)
- All applicable Registration and Government Fees (International Financial Services Commission, Registrar of Companies)
- Preparing the Articles of Organisation of the LLC, and filing the Articles with the Registrar of Companies
- Preparing the Operating Agreement for Members’ review and execution (Unlimited Reviews)
- Acting as the Organizer of the Company
- Providing the Certificate of Organization issued and sealed by the Registrar
- Appointment of First Manager by the Organizer
- Preparing the Manager Consent Letter(s)
- Preparing the Register of Members, Register of Managers, Register of Beneficial Owners and Register of Capital Contributions and Ownership Certificates
- Preparing the Ownership Certificates
- Preparing and Executing the Certificate of Incumbency
- Obtention of Tax Identification Number
- Registered Office Services, including registered address, for one year
- Registered Agent Services for one year
- Delivery of Corporate Documents, inclusive of Courier Fees
Time to form
The incorporation process for a Belize company begins with reserving the company name, conducting due diligence, and preparing the necessary legal documents, including the articles of organization along with statutory registers—these must be signed by the beneficial owner. This initial phase typically takes 1–2 business days. Once complete, the articles of organization, registers and the application for registration are submitted to the Registrar of Companies, who generally processes the application and issues the certificate of incorporation within approximately one week.
Bank Account Opening Services (Optional)
We assist you in opening a bank account in Belize.
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Belize Bank Account - USD $ 300.00
Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 4,000NoEUR, GBP, USDYesBank 2USD 2,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesPrepaid Visa cards available.Bank 3USD 3,000YesMulticurrencyYes
Note that we can also open overseas bank accounts for Belize companies in the following offshore jurisdictions:
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Andorra Bank Account - USD $ 1,200.00
Andorra Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 500,000YesUSD, EUR, CHF, CAD, AUD, SEK, NOK, NZDYesPrivate Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.Bank 2EUR 300,000NoEURYesMinimum Initial Deposit requirements for countries outside of the European Union is EUR 1,000,000 or equivalent.
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Antigua Bank Account - USD $ 300.00
Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 10,000YesUSD, EURYesIn Euros they processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.Bank 2USD 5,000YesUSD, EURYesUnionPay Cards work without inconvenience in the USA.
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Armenia Bank Account - USD $ 1,200.00
Armenia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 50,000YesEUR, USD, RUB, AMDYesBusiness connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
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Bahamas Bank Account - USD $ 500.00
Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 1,000,000YesMulticurrencyYesBank 2USD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only.Bank 3USD 100,000YesMulticurrencyYesOnly companies registered in the Bahamas. Economic substance required.Bank 4USD 10,000,000NoMulticurrencyYesPrimary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.Bank 5USD 1,000,000YesMulticurrencyYesRemote account opening is possible, but the bank will visit the client within first year after opening.Bank 6USD 500,000YesUSD, EURYesPrepaid debit card available.
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BVI Bank Account - USD $ 900.00
BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 20,000NoUSD, GBP, HKDYesBank of Asia does not onboard corporations who have a connection in US and Russia.Bank 2USD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
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Cayman Islands Bank Account - USD $ 900.00
Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesBank 2USD 25,000YesUSD, CAD, CHF, EUR, GBP, JPY, AUDYesBank 3USD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYesNCB Cayman Bank offers trading, private and investment bank accounts
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Cook Islands Bank Account - USD $ 600.00
Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00
Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 100,000NoMulticurrencyYesInternet Banking only for viewing the account, not for operatingBank 2N/AYesMulticurrencyYes
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Cyprus Bank Account - USD $ 1,200.00
Cyprus Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/AYesMulticurrencyYesSupports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
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Dominica Bank Account - USD $ 300.00
Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 15,000YesUSD, EUR, GBPYesBank 2N/ANoMulticurrencyYesSWIFT transactions are carried out only through a pool account in the name of the bank.Bank 3N/ANoMulticurrencyYesBank 4N/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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Gibraltar Bank Account - USD $ 1,200.00
Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 20,000YesUSD, EUR, GBPYesFor wealth management and brokerage accounts minimum relationships start from USD 250,000. Cards are dependent on jurisdictions.
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Hong Kong Bank Account - USD $ 1,400.00
Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1HKD 100,000YesMulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.Bank 2HKD 200,000YesHKD, USD, MulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00
Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/ANoUSD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGNYes
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Labuan Bank Account - USD $ 500.00
Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 10,000NoUSD, JPY, SGD, EUR, GBPYesFor businesses operating offshore or non-resident companies seeking to establish corporate banking relationships in Labuan, we collaborate with a mid-size financial institution renowned for its expertise in serving international clientele. With decades of industry experience, this bank has positioned itself as a key player in supporting global businesses across a variety of sectors. This bank welcomes companies incorporated in numerous offshore jurisdictions without the stricter requirements, such as business nexus in the South Asia - East Asia regions, unlike larger institutions within Labuan. Catering to a diverse range of industries, the bank is well-versed in supporting investment and asset holding companies, as well as businesses engaged in sectors such as trade, professional services, e-commerce, among others. Whether you operate in consultancy, marketing or international trade, this bank offers tailored services to meet your corporate banking needs. Their corporate accounts are available in various major currencies, such as USD, JPY, SGD, EUR and GBP and the bank supports SWIFT transactions. Transactions will be carried out with the assistance of a dedicated personal relationship manager. In addition to traditional banking services, the bank also offers Islamic banking options, including Shariah-compliant investment products and Islamic trade financing solutions. Minimum relationships start from USD 10,000. The account opening process can be handled entirely remotely, eliminating the need for travel to Labuan. We will guide you through the preparation of the necessary KYC documentation and provide comprehensive support to ensure a seamless and efficient bank account application process. If you are interested in opening a corporate bank account in Labuan, contact us today to assess your eligibility and initiate the account opening process!Bank 2USD 250,000NoMulticurrencyYesBank 3USD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.
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Liechtenstein Bank Account - USD $ 1,200.00
Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
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Mauritius Bank Account - USD $ 600.00
Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 50,000NoMulticurrencyYesBank 2USD 50,000YesMulticurrencyYes
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Nevis Bank Account - USD $ 300.00
Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 20,000NoUSD, EUR, GBPYesBank 2USD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesBank 3USD 25,000NoMulticurrencyYesBank 4USD 10,000NoUSDYes
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Panama Bank Account - USD $ 1,200.00
Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 50,000YesUSD, EUR, CADYesBank 2USD 10,000YesUSD, EUR, CHF, GBP, CADYes
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Puerto Rico Bank Account - USD $ 300.00
Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/ANoMulticurrencyYesBank 2N/AYesUSD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZARYesUnionpay Merchant service for clients.Bank 3USD 25,000NoUSDYesTheir main focus is on commercial type, trade finance.Bank 4USD 150,000NoUSDYes
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Saint Lucia Bank Account - USD $ 300.00
Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 10,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
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Seychelles Bank Account - USD $ 500.00
Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 25,000NoUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
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Singapore Bank Account - USD $ 900.00
Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1SGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.Bank 2USD 3,000,000NoUSD, SGDYesBank 3SGD 250,000NoMulticurrencyNoNexus in the form of client/supplier/partner/contractor in Singapore required.Bank 4USD 30,000NoUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.Bank 5SGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.
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Switzerland Bank Account - USD $ 1,200.00
Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1CHF 500,000YesEUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AEDYesAmina Bank does not open accounts with a pure transactional business nexus.Bank 2CHF 500,000YesMulticurrencyYesBank 3CHF 3,000,000YesMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.
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USA Bank Account - USD $ 1,400.00
USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 100,000NoUSDYesmin deposit USD 100k and more AND/OR with revenues of USD 1MBank 2from 10,000 but preferred 250K-300KYesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.Bank 3USD 5,000YesUSDYesDebit cards can be delivered to overseas address, however, credit card could ONLY be delivered to a USA physical address (non-PO box).Bank 4Typically USD 25,000 - USD 50,000, for high risk USD 500,000YesUSDYesAt least one US based signatory is required. Purpose to open an account in US is required.Bank 5N/A (USD 250,000 preferred)NoUSDYes
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EMI Account - USD $ 300.00
EMI AccountsEMIMin DepositCardsCurrenciesRemoteEMI AccountN/ANoEUR, CAD, GBP, CHF, HKDYesCyprus EMI AccountN/AYesEURYesCyprus EMI AccountN/AYesMulticurrencyYesCyprus EMI AccountN/AYesMulticurrencyYesHong Kong EMI AccountN/AYesMulticurrencyYesHong Kong EMI AccountN/AYesMulticurrencyYesHong Kong EMI AccountN/AYesMulticurrencyYesKazakhstan EMI AccountDepending on category.NoMulticurrencyYesLithuania EMI AccountN/AYesEURYesLithuania EMI AccountN/AYesMulticurrencyYesLithuania EMI AccountN/ANoEUR, CAD, GBP, CHF, HKDYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/AYesEURYesLithuania EMI AccountN/ANoMulticurrencyYesLithuania EMI AccountN/ANoMulticurrencyYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/ANoEUR, USD, GBP, SEK, JPY, HKDYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/AYesEURYesLuxembourg EMI AccountN/ANoMulticurrencyYesSingapore EMI AccountN/AYesSGD, USDYesSingapore EMI AccountN/ANoMulticurrencyYesSingapore EMI AccountN/AYesMulticurrencyYesUnited Kingdom EMI AccountN/AYesEUR, GBPYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/AYesMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountDepending on category.NoEUR, GBPYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoEUR, USD, GBPYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoUSD, EUR, GBP, CADYesUnited Kingdom EMI AccountN/AYesMulticurrencyYesUnited Kingdom EMI AccountN/AYesMulticurrencyYes
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Nominee Services (Optional)
- Nominee Director/Manager (Natural Person/Corporation) – USD 800.00 per annum
- Nominee Shareholder/Member (Natural Person/Corporation), including a Deed of Trust – USD 800.00 per annum
*If an Apostilled and Notarized General Power Of Attorney to be designated as attorney-in-fact is required, there is an additional one-time fee of USD 350.00 (Optional)
Belize LLC Annual Corporate Services and Government Fees – USD 1,150.00 (payable one year after incorporation, and annually thereafter)
- All Applicable Annual Government Fees
- Maintaining the Minute Book, Registers and Statutory Records
- Registered Agent Service for one year
- Registered Office Service, including registered address, for one year
Belize LLC Financial and Tax Reporting and Corporate Compliance Services – USD 500.00 (payable the year after incorporation, and annually thereafter)
- Submission of Tax Return
- Submission of Financial Statements
- Submission of Beneficial Ownership Declaration
- Submission of Economic Substance Declaration
- Maintenance of Copies of Accounting Records in the Registered Office
Other Services (Optional)
- Formation and Maintenance of Foundations
- Establishment of Trusts, and provision of Trustee Services
- Continuation of Foreign Companies
- IFSC-Licensing and Registration of Financial Services Providers
- Economic Substance Services (Local Directorship, Physical Office, Outsourcing of CIGA, etc.)
- Secretarial Services
- Accounting Services
Please, contact us for further information.