Registering a Company in Belize

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 21, 2010 -- Due to this increase in population, Belize is a viable country for business. The first step for starting a business would be to register the company. The Belize government has set a number of requirements for any individual who plans to register a company in Belize. These requirements are mainly set to regulate the company standards and ensure that the playground is level for all the companies in Belize.

The requirements for registration required by the Belize company are listed in the company Act that regulates international business that was enacted in 1990. This act is part of the British common law that applies in many states that were colonized by the British. The act states that once the proprietors of the company meet the requirements, the incorporation should be effected immediately. However, due to the technicalities involved in the registration, it takes a day or two to complete the registration process. The most unique thing about the registration of a company in Belize is that the names of the shareholders and directors are not filed with the authorities in Belize. They are only concerned with the business meeting the requirements of the land. They do not interfere with the management of private entities.

The requirements for opening a company in Belize include, a director for the company where a single director whether privately or a corporate is enough. One or more shareholders who are the director as well could also act as a shareholder and no secretary is required. The main requirement of the company organization is the director. The director does not need to be a citizen in Belize for them to obtain a certificate of incorporation.

An advantage of registering a company in Belize is that there is no payment of tax for international businesses. This tax exemption of international businesses has made many company proprietors to register Belize company since the returns are not taxable; this is a friendly business environment. For the companies that operate in Belize only, tax is not exempted and they are required to register at the income tax offices. There is another tax for such companies, the general sales tax.

However, incorporation of a company in Belize does not require much money. With 1000 Belize dollars, you can register a company. However, there are other requirements that must be met by international companies like a minimum of $50,000 in share capital and there should be a dividend offered at $1 to at least one shareholder. The authorities in Belize might require a number of supporting documents while registering a company. These may include the articles and memorandum of association as well as the letter of appointment that was issued to the director. Other optional documents would include share certificates for shareholders, which will help the government in settling any disputes that would arise in the company.

More information can be found online at http://www.cclogic.com/register-offshore-company-online/belize-company-formation.html

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