18th Mar 2021
In the context of current international activity, Belize is attracting more and more attention from business owners seeking to move beyond their state, to countries with a stable economy and a favorable tax climate. In 1981, freed from the colonial rule of England, Belize became an independent jurisdiction. The official language of the country is English.
Company registration in Belize requires a professional legal approach, which can be obtained when cooperating with Clevver. Our experts on incorporation are well-versed in the matter; we provide a full package of essential documentation on incorporation in the jurisdiction digitally and constant customer support.
Legislation of Belize regulating business structures incorporated here:
In a case, the incorporated company in Belize is non-resident, it is fully exempt from VAT except for a fixed annual fee and local taxes. The tax rate for international commercial companies is as follows:
Corporate tax rates range from 1.75% to 19%, depending on the activity. For example, most businesses pay 1.75% of the corporate tax rate; professional business services pay 6%.
The resident company must pay to the state 25% of the financial turnover of the company, and the profitability level of the business does not matter. The amount of the annual fee of companies in Belize depends on the amount of previously declared share capital, the rates are fixed and have the following values:
The IBCs (international business companies) must comply with the Economic Substance Act (ESA) in Belize, which came into force on October 11, 2019. They are required to report annually under the ES. The compliance with the ESA as well as reporting deadlines depends on the date of incorporation of the company. You can apply to our legal specialists to find out more on the matter.
Incorporation of a business in Belize with Clevver — it is always close attention to the legal aspects of the matter, a highly qualified team of professionals, and the digital process of company registration.
Belize is a great place to register your organization because the government of the country has done everything to make this process as painless and fast as possible. The online company registration service with Clevver is swift and remote, allowing you to start a business in Belize effortlessly.
The talented professionals at Clevver will help you incorporate your company in Belize in the shortest possible time and on great terms. For more information click here.