Belize Company & Free Account with Choice Bank

Quick & easy company formation. Tax exempted IBC with high level of privacy.
International account with safe & secure Choice Bank.

PACKAGE SERVICES

Company Formation Fee

  • Name check and approval
  • Filling incorporation documents with the Registrar of Companies
  • Payment of the Government License Fees (renewed by December 31 irrespective of the date of incorporation)
  • Provision of registered office and registered agent (renewed by December 31 irrespective of the date of incorporation)
  • Provision of company Secretary (renewed by December 31 irrespective of the date of incorporation)
  • Rubber stamp

A standard set of original corporate documents:
  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Appointment of First Directors
  • Consent Actions of the Board of Directors
  • Share Certificate
  • Register of Directors and Members

  • Notarized set of corporate documents for account opening
$ 750

Corporate Account with Choice Bank

  • Assistance with opening of a corporate bank account with Choice Bank in Belize
  • Internet Banking Facilities with digipass.
  • Verifying personal & corporate documentation
  • Completion of the bank forms which will be forwarded to you for signing with relevant instructions
  • Notarized set of corporate documents for for further account opening
  • Sending the full package to the bank for final approval
  • Monitoring the account opening process until account allocation and banking package is received

We consider our service completed once you obtain the bank account number. Due to the banker-customer relationship, we will no longer be able to contact the bank on your behalf after the bank account is opened.
$600 $ 0
ADDITIONAL SERVICES
NOMINEE SERVICES

Nominee Shareholder

Provision of a corporate Nominee Shareholder (per annum)
$ 300

Nominee Director & General Power or Attorney (Apostilled)

Provision of corporate Nominee Director (per annum) and General Power of Attorney (valid for one year) under Apostille.
$ 650
CORPORATE CERTIFICATES

Certificate of Good Standing (Apostilled)

Provision of Certificate of Good Standing under Apostille
$ 270

Certificate of Incumbency (Apostilled)

Provision of Certificate of Incumbency under Apostille
$ 270

Set of Corporate Documents (Apostilled)

Copies of corporate documents in one Apostilled bundle.
Please note: If applying for a corporate bank account you will need to order a full set of apostilled company documents when the account is opened outside of Belize.
$ 270
OTHER SERVICES

Extra Rubber Stamp

Provision of embossed metal seal
$ 40

Metal Embossing Seal

Provision of embossed metal seal
$ 100

Payment methods

TOTAL: $ 750

Facts & Info for Special Offer Company Formation & Bank Account:

Corporate Information

Belize introduced its own International Business Companies Act in 1990. The Belize IBC Act was modeled after the 1984 act of the British Virgin Islands and the 1989 IBC Act of the Bahamas.
LEGAL FORM
Belize laws allow the following categories of business ownership: Private Limited Companies, Limited Liability Partnership, Limited Life Companies, Joint Ventures and Cooperatives, Partnership, Sole Proprietor, Public Investment Companies and Trusts. The most popular form used by international investors for registering Belize IBC is private limited company. The IBC act prohibits Belize IBC from:

  • Carrying on business with persons residing in Belize;
  • Owning an interest in real property situated in Belize, except lease property for office purposes;
  • Carrying on banking business;
  • Carrying on insurance or reinsurance business;
  • Carrying on the business of providing registered agents/offices for companies.

  • Otherwise, a Belize IBC may engage in any activity that is not prohibited in Belize.
    COMPANY NAME
    Belize companies’ names must end with one of the following words, or their relevant abbreviations - Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima. The following names to be used, require licensing: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered. Names denoting any connection to local, state or national Governments are generally prohibited.
    MEMORANDUM AND ARTICLES OF ASSOCIATION
    A company is incorporated in Belize by application submitted to the Registrar of Companies. Memorandum and Articles of Association must be lodged with the Registrar. Memorandum specifies the activities in which the company may engage and Articles of Association specify the rules governing the internal management of the company.
    SHAREHOLDERS
    A minimum of one shareholder is required which may be an individual or a corporate body. The details of company beneficial owners and shareholders are not part of the public records.
    SHARE CAPITAL
    There is no specific minimum capital requirement. The standard authorized share capital is US$ 50,000. The minimum issued capital may be one share of no par value or one share of par value. Issued shares must be fully paid. Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights are permitted.
    DIRECTORS
    Belize IBC requires a minimum of one director and corporate directors are permitted. Details of the directors do not appear on the public file. There is no requirement to have resident directors.
    REGISTERED OFFICE, LOCAL AGENT OR SECRETARY
    Belize companies must maintain a registered office and registered agent within Belize who may be a corporate body or an individual resident of Belize.
    MEETINGS
    The meetings of the directors and the shareholders need not be held in Belize; also there is no requirement for an Annual General Meeting. All meetings may be held outside Belize, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy.
    TAXATION
    Belize International Business Companies are exempt from the Belize income tax, from tax on dividends, interest, royalties, compensations and other amounts paid by a company; also they are exempt from all the capital gains, estate, inheritance, succession or gift tax with respect to any shares, debt obligations or other securities of the Belize IBC.
    AUDIT AND FINANCIAL RETURNS
    Whilst there is no requirement to file audited financial statements or annual returns with local authorities, a Belize IBC is required to keep financial records, which should reflect the financial position of the company. As per the Accounting Records (Maintenance) Act (No. 18 of 2013), all IBC’s are required to maintain their accounting records. Unless such records are kept at the registered office of the Company, the director must notify the registered agent in writing of the place in which account records shall be kept (it may be in or outside Belize). Accounting records shall be maintained for a period of 5 years (from the completion of the transactions).
    “Accounting records” include “financial statements; general and subsidiary ledgers; sales slips; contracts and invoices; and records and documentation relating to an entity’s assets and liabilities, all sums of money received and expended and the matters in respect of which the receipt and expenditure take place; all sales and purchases and all financial transactions”.
    INCORPORATION TIME
    Usually it is 1 working day, but we need up to 10 working days for legalization of the documents and delivery by courier.
    RECURRING AND MAINTENANCE FEE AS FROM 2ND YEAR - $590
    • Provision of registered office
    • Provision of company Secretary/registered agent
    • Payment of annual government fee

    About the Bank

    ABOUT THE BANK

    Choice Bank is chartered under the International Banking Act of 1996, which allows international business with non-resident personal and corporation clientele. The Bank may also deal with resident companies operating in the Export Processing and Commercial Free Zones.Choice Bank Accounts are not subject to local taxes or exchange restrictions and funds in foreign currencies are transferred freely with no conversion to Belize dollars required.

    The Central Bank of Belize monitors and regulates Choice Bank’s business, strict adherence to capital adequacy and liquidity levels are required, ensuring compliance with internationally accepted best practices in global banking.

    WHAT CHOICE BANK OFFERS:
    • Personal and Corporate accounts
    • Full Internet banking
    • Phone banking
    • Prepaid Master Card in USD
    • Accounts in GBP, USD, EUR, CHF, CAD
    • Merchant services
    • Co-branded Cards
    • The approximate timeframe for account allocation is 7 to 10 days after the original documents have been received by the bank.
    BANK TARIFFS AND CHARGES
    Choice Bank can be considered as a medium-cost bank with respect to incoming/outgoing payments and account maintenance. The initial deposit and minimum balance at all times of USD 5,000 (or equivalent in other currencies) will be required for Choice Economy Account. For opening of Choice Premier account the initial deposit and minimum account balance will be USD 25,000.
    The bank charge for incoming payments tiered pricing fees - minimum USD 30.00. The outgoing wire transfer charge is USD 100.00. The monthly account maintenance fee for Choice Economy account is USD 25.00 and for Choice Premier account is USD 12.50. There is no charge for internet banking.

  • PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.
  • STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.

  • REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH CHOICE BANK:
    • Personal presence is not required
    • The minimum deposit and the minimum balance of USD 5,000 will be required for the Economy account and USD 25,000 for Premier account.
    • Account opening timeframe. The account will be activated within 7 - 10 business days, upon receipt by the bank of all duly completed forms and relevant information.

    Our Services & Requirements

    OUR SERVICES FOR THE COMPANY FORMATION IN BELIZE INCLUDE:
    • Name check and approval
    • Filling incorporation documents with the Registrar of Companies
    • A standard set of original corporate documents
    • Payment of the Government fees (renewed by December 31 irrespective of the date of incorporation)
    • Provision of registered address and registered agent for one year (renewed by December 31 irrespective of the date of incorporation)
    • Provision of company Secretary for one year (renewed by December 31 irrespective of the date of incorporation)
    • Rubber stamp

    OUR SERVICES FOR BANK ACCOUNT OPENING INCLUDE:
    • Assistance with opening of a corporate bank account with Caye Bank in Belize
    • Internet Banking Facilities with digipass.
    • Verifying personal & corporate documentation
    • Completion of the bank forms which will be forwarded to you for signing with relevant instructions
    • Notarized set of corporate documents for for further account opening
    • Sending the full package to the bank for final approval
    • Monitoring the account opening process until account allocation and banking package is received

    DOCUMENTS REQUIRED FOR THE COMPANY FORMATION AND BANK ACCOUNT OPENING
    Please provide the following documents for all Directors, Shareholders, Beneficial Owners, Authorized Signatories:

    • Notarized copy of valid passport.
    • Original or Certified copy of utility bill / bank statement (as verification of residential address, dated within 3 months).
    • Original or certified copy of Banker’s reference letter (dated within 3 months).
    • Original or notarized copy of professional reference letter, dated within 3 months.
    • In cases where shareholders and/or directors are corporate bodies, full apostilled set of corporate documents and Certificate of Good Standing (for companies registered more than 1 year).
    • Power of Attorney (where applicable)
    • Personal CV

    IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES

    If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, STARTING BUSINESS will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

    Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

    Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.
    SHIPPING COST
    Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction of your ordered company, the country where the bank is based as well as your destination country.

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    Need Assistance?

    +44 (0) 203-519-1398

    Mon-Fri 8am-6pm EET

    sales@startingbusiness.com

    1 business day response