Belizean Limited Liability Companies (LLCs) are one of the newest enhancements to Belize’s corporate sector.

Belize LLCS offer the advantages of a corporation and the advantages of a partnership without the disadvantages of either, coupled with a jurisdiction in Belize that is known for financial privacy, high flexibility, and no foreign exchange limitations, among other things.

Owners of Belize LLCs have minimal liability; the structure of LLCS is meant to minimize lawsuits by imposing a significant financial burden on individuals or entities attempting to institute legal actions against the assets of a Belizean LLC. This is meant to deter anyone from bringing a lawsuit against a Belizean LLC or its assets, members, or managers.

Key Benefits For Forming a LLC in Belize

Core benefits of a Belizean LLC include:

• Ease of formation by anyone, regardless of nationality.
• Modern asset protection, and best-in-class privacy measures.
• Low government fees.
• Formations can be completed within days.
• Exemption from income tax, capital gains tax, dividend tax, etc.
• No annual requirements.  No requirements to provide audits or visit Belize for meetings.
• Belizean LLC companies can keep their accounting records in any location, even outside the country.
• No legal requirements to disclose the identity of beneficial owners or founders of a Belizean LLC.
• High level of financial privacy. Your details can be kept out of all government registers as per your wishes.

How to set up a Belizean LLC

Our professionals at Wrobel & Co., Attorneys-at-law can help you form a Belizean LLC. The process involves three key steps:

1. Confirmation of company name

The process starts with choosing and then confirming your LLC company name. This will have to be submitted to the Companies Registry. Foreign investors can choose any name they please in any language. 

This will be confirmed so long as the name:

• meets local requirements
• does not contain prohibited names, and 
• does not infringe an existing company name

2. Preparation of company documents

This process involves the preparation of important constitutive company documents such as Memorandum of Articles of Association.

This process will usually be handled by your Belizean attorney. It’s essential that this be handled by competent and experienced hands. 

3. Submission of documents

After the documents have been properly drawn up, they’ll have to be submitted to the Companies Registry for registration. Your new LLC will be formed after this.

If you want to open a corporate bank account after your LLC has been incorporated, we can assist with that as well.  Click here to learn more.

Bottom Line

Belizean LLCs should be high on your list of priorities if you’re looking for an international corporate option.

Along with its asset protection and wealth management advantages, the flexibility of the Belize LLC Act means you can form a Belizean International LLC for a variety of purposes. Management and maintenance of the company are also devoid of complex requirements.  You will not even need to visit Belize to incorporate an LLC. 

Our professionals boast a robust knowledge and experience of the Belize legal and financial systems.  We’re available to answer any questions you may have about Belizean International LLCs. Contact us today to get started.