Moss helps clients to set up Limited Liability Companies in Belize in view of the advantages it offers in terms of tax planning and asset protection. Belize LLCs are set up pursuant to Limited Liabilities Companies Act, 2011.
Key Benefits of Belize LLC
There are some outstanding advantages that a Belize LLC offers individuals and corporations who set one up and they include the following: tax exemption relating to all local taxes, LLC name may be in any language, cost-effective annual support, there is no lower limit on the paid-up capital, details of the beneficiaries, owners and members are not public record as they are not filed with the Belize Registrar, membership is not restricted and there is no foreign exchange control.
It is a requirement that the name of the company contain ‘Limited Liability Company’ or abbreviation, ‘LLC or L.L.C’. It is also a requirement that an LLC have a Belize registered office address as well as a registered agent. We cover this requirement for our clients as Moss is a registered agent in Belize.
There must be at least one Member and Manager who may be an individual or corporate entity and resident in any country. In order to provide an additional layer of privacy, we offer our clients, our Nominee Member as well as Nominee Manager Service as an option.
Annual renewal fees are payable by all Belize LLC, commencing from the second calendar year but all taxes such as capital gain tax, income tax and dividend tax among others are exempt.
Privacy is ensured as only the Articles of Organization is filed with the Belize Registrar and it does not include details of the individuals and entities connected with the LLC. Annual General Meetings as well as accounting and record-keeping are not mandatory.
While it takes two and five business business days respectively to form and complete all paperwork relating to an LLC, Shelf Companies which are very clean are immediately available as an option from Moss.