How To Register A Business In Belize
The type and size of your business will depend on your target market.
How to register a business in belize. In the next step the incorporator should register its business name. Whether it s large or small starting a business in belize is a great idea. How to register a company in belize. Business registration according to the business names act chapter 247 of the laws of belize every firm or individual having a place of business in belize should register their business name. For those individual and businesses that wish to set up a small business or apply for a small and medium enterprise we offer this service in order to obtain a business certificate of registration.
Draft the company s memorandum and article of association maa and file it with the registrar in belize. There are 6 steps to formalising a business in belize. Carry out a name check with the belize companies register to make sure that the name you are proposing for your company is unique. The belize limited liability company belize 250 company foreigners willing to do business with belizean residents can register a local company which only requires i one shareholder ii one director and iii only us 1 of paid up capital. You ll need an identification card the appropriate form form 1 for a sole proprietor or form 2 for a partnership and.
There is no need to appoint resident directors although a local registered agent will be required. The registered office must be located in belize and the principal office address business address may be in any country. Requirement to apply for a business name in belize chapter 247 for belizeans belizean residents and local companies. Choose and register your business s name with the belize companies registry. According to the laws of belize every firm or individual having a place of business in belize needs to register the business name the registration of a business name is done at the belize companies registry city of belmopan minimum average processing time is 3 hours the application fee is bz 25 00 us 12 50 2 2 incorporation of a.
It is important to protect your business name as yours as this is a key means of identification in the eyes of the target market. If you re catering to local belizeans bear in mind that the country has a small population of around 350 000. Business name registration this is the first step to formalisation of your business. Responsible for business names registration is the belize companies registry located in belmopan city. 3 register a business name.
This registry is where all incorporation documents must be sent and who issues the certificate of incorporation certifying the company is fully registered and incorporated. The business names act chapter 247 of the laws of belize requires that you either be a permanent resident or apply with a belizean partner. Remember that your company name.