Warren Buffet once said, “you should be fearful when others are greedy, and you should be greedy when others are fearful.” So, while the global economy seems to be in bad shape, thanks to the coronavirus, there are still a few things you can do even in self-isolation that can pay off in the long after we get COVID-19 behind us. An example of this is forming an international Belize international LLC.

Why should you consider forming a company in Belize? In this guide, we’ve compiled five reasons why you should consider registering an international limited liability company in Belize.

1. Fast and easy incorporation

Anyone, regardless of their nationality, can form a Belize international LLC. The process will be further simplified if you speak English because English is the official language here. As a matter of fact, Belize’s legal system and rule of law are firmly rooted in the English Common Law. You can be in business in just a matter of days.

2. Excellent privacy and asset protection features

A Belize international LLC guarantees the best of modern asset protection along with top-notch privacy. The Belize government prioritizes clients’ interests and confidentiality and has a solid history of non-compliance when it comes to disclosing important banking and fiscal information.

3. Low government fees and reduced tax liabilities

Due to the tax system of Belize, your LLC incorporation can help you avoid double taxation so you can reduce your tax liabilities. There are also no reporting requirements for local governments as well. The Belize International LLC Act of 2011 also exempts LLCs from taxes, duties, and exchange control in Belize. International LLCs are prohibited from owning real property/land in Belize. International Business Companies (IBCs) can own land in Belize now. Contact our office for more information.

4. Ease of making changes to the business structure

Experts and an experienced agency like the folks at Wrobel & Co of Law Belize have over a decade of experience in the Belize corporate and business landscape. Acquiring professional legal advice to help with choosing a business structure in Belize will make the process more straightforward for you. One of the advantages of a Belize international LLC, however, is how easy you can make specific changes to the business structure. You can easily add new partners or sell the interest to another entity.

5. Top-notch security and financial privacy

Many people are drawn to an LLC structure because of the added privacy and asset protection benefits. A Belize international LLC takes this up a notch, thanks to confidentiality being a core component of Belize corporate and business legislation.
If you want, the Belize government can keep your name out of all government records. There’s also a great level of privacy involved, especially when it comes to sharing information with foreign governments. The exception is: if you are a criminal then Belize will share your information with your home government.

We invite you to read more about LLC’s by reading the overview of the INTERNATIONAL LIMITED LIABILITY COMPANIES ACT, 2011 here.

Finding opportunities in the face of a global pandemic

For Belize and the rest of the world, these are very challenging times. To maintain the coronavirus from spreading, governments across the world are imposing strict measures from social distancing to lockdown to reduce the spread of this virus. But being isolated in your home does not mean you should isolate yourself from everything else. Forming a business structure may turn out to be one of the best business decisions you will ever make. Right now is an excellent time to consider this possibility.

Ready to form your own international LLC in Belize?  Contact Wrobel & Co, Attorneys-at-Law, and we’ll get you started by linking you with a trusted real estate agent.

This information was provided as a courtesy of Wrobel & Co. Attorneys-at-law. It is intended to inform, not to advise. No one should try to interpret or apply any law without the assistance of legal counsel. Please click here for the full disclaimer.