Company Registration in Belize

Jan. 14, 2010 - PRLog -- This same law determines the process followed in registering a company in Belize. The requirements for registering a company in Belize are mainly supposed to create a fair business environment for all companies.

http://www.cclogic.com/offshore-company-formation/Belize-Company-Formation.html

Registering a company in Belize is a process that starts with conducting a name search at the office of the registrar of companies of the country. This is a swift process and it takes a day to complete the process. It is advisable that you get a number of names to avoid repeating the process another day if the name you had is registered by another company. You can change the name to another unregistered one. Searching for a business name is free.

The next step entails filing the articles and memorandum of association of a company. This enables the company registry to have some background information of the company before they license it to conduct business on the Belizean land. It is advisable that the company management files all relevant documents including company statutes, this helps since there could arise a problem within the management that will require the intervention of the government. These documents assist in solving such situations. The total costs of registration in Belize Dollars include $50 for the registration fee, $500 for incorporation, $10 for filling, $12 for the company statutes, and $12 for the memorandum of the company and $13 for the registration of directors. The entire process of registration usually takes two days.

After registering the company, you need an operation license from the area council. Application services are freely offered once you produce the registration documents. This trade license application will prompt an officer from the council to visit the company premises and evaluate the conditions of the company. The inspection process takes a maximum of 20 days. It is after the inspection that you pay for the license. The cost of the trade license varies with the rental value of the premises, calculated at a percentage of the rent; it is usually 25%.

Every company needs a seal for its operations. Getting a company seal in Belize will cost the company a minimum of $50 and a maximum of $200 in Belize currency. The process takes a day or two to complete. The next step in registration involves registering the company for tax returns at the income tax offices. This service is charged $150, Belize currency and it may take up to 10 days for the company to get a certificate of tax registration. The company is then required to register at the General sales tax offices so that it can be remitting tax on general sales tax. This process takes two to three weeks and it is free. The last step entails registering the workers for social security with the board that offers social security service.

http://www.cclogic.com/offshore-company-formation/Belize-...

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