As you investigation the possibilities of a company in Belize you will find many reasons for the incorporation in Belize, but not many will really tell you straight forward if it is possible as a foreigner to register a company in Belize.
It isn’t difficult and you can register a company in Belize regardless where you live and which country you are. In fact, a Belize company can be formed by any person or Holding company as long as the basic requirements are met. To register a company in Belize you only need to have a utility bill and a copy of your passport available for the registration process. Thus documents don’t need to be notarized or apostilled only requirement, the utility bill should not be older than 3 month.
A Belize company can be used for many purposes but the main reasons for many to register a company in Belize is to have privacy and for assets protection more than the lucrative tax saving. In order to conduct business online you will need to have a bank account and a merchant account for your Belize Company which isn’t easy, however, there are a few options for the bank account in Cyprus, a Belize Company can without any troubles open a bank Account in Cyprus even if Belize is outside of Europe but it can’t have a Merchant Account which often is the next demand clients have while the merchant account is used for accepting credit cards online on your website the bank account in Cyprus can only be used for your day to day banking, Forex trading and to send and receive International Wire Transfers.
We often suggest to have the Belize Company registered as an Holding company which again is registered as an International Business Company in order to be free to trade worldwide and to the 0 TAX an IBC pays.
A good company structure planning is needed and first of all you will need to have it clear what the purpose is of registering a company in Belize! The Belize Company can register another company within the European Union, often the country of choice is Cyprus, since Cyprus has almost the same benefits as a Belize Company but it is a member of the European Union which qualifies to apply for a Merchant Account and other financial services within Europe.
Once the Company structure planning and your business plan is in place you will need to find a reliable Agency which can help you with the total solution and which have experience in both the Offshore Company formation and not less important, a wide knowledge in the Payment Service Provider industry.
Choosing the wrong Offshore Service provider can have fatal consequences for the long term and can limit your company in Belize dramatically and in worth case you will need to start from scratch.
CCLOGIC LLC has many years of experience in the formation of Belize Companies and many other Offshore jurisdictions, the knowhow comes from the natural synergy there is between a Online Business and the need those have for secrecy, assets protection and of course to accept online payments. Visit our Website for more information.