Company Registration
A company is a legal entity, allowed by legislation, which permits a group of people, as shareholders, to apply to the government for an independent organization to be created, which can then focus on pursuing set objectives, and empowered with legal rights which are usually only reserved for individuals, such as to sue and be sued, own property, hire employees or loan and borrow money.
Documents needed to register a Company having a share capital:
Documents needed to register a Company limited by guarantee (and not having a share capita) and associations not for profit and churches:
Cost of registering both types of Companies:
The cost to register a company having a share capital of $10,000 is US$292.00 or BZ$584.00. Also, the cost to register a company limited by guarantee and having no share capital remains the same.
Documents needed to register a Company having a share capital:
- Memorandum of Association
- Articles of Association
- Letter from Central Bank if they are foreign subscribers/shareholders
Documents needed to register a Company limited by guarantee (and not having a share capita) and associations not for profit and churches:
- Memorandum of Association
- Articles of Association
- Letter addressed to the Attorney General requesting permission to dispense the word “Limited”
- Letter from Central Bank if they are foreign subscribers/shareholders
Cost of registering both types of Companies:
The cost to register a company having a share capital of $10,000 is US$292.00 or BZ$584.00. Also, the cost to register a company limited by guarantee and having no share capital remains the same.
|
Stamp Duty |
$24.00 |
|
Compliance Certificate |
$500.00 |
|
Recording/Filing Fee |
$10.00 |
|
Registration of Share Capital /Members |
$50.00* |
|
Total |
$584.00 |
*This registration fee will change when a company’s nominal share capital exceeds $10,000 and when a company not having a share capital, number of members exceeds 20. Kindly contact the registry office to verify the breakdown for allocating fees.
Annual Registration
Every type of company is to file with the company registry an annual return (company with share capital) or an annual list of board of directors (company without share capital)
*For more information on Companies please access the Companies Act Chapter 250 of the Laws of Belize Revised Edition 2000 at www.belizelaw.org
Official link available http://belizecompaniesregistry.gov.bz/
Annual Registration
Every type of company is to file with the company registry an annual return (company with share capital) or an annual list of board of directors (company without share capital)
*For more information on Companies please access the Companies Act Chapter 250 of the Laws of Belize Revised Edition 2000 at www.belizelaw.org
Official link available http://belizecompaniesregistry.gov.bz/
