Local Companies Incorporation

 

Berkeley specializes in the incorporation and annual maintenance of Local Companies ("LTD"). The Companies Act, Chapter 250, of the Laws of Belize provides for the formation of limited liability companies. These companies, unlike International Business Companies (IBCs) can carry on business locally in Belize and Belize residents are free to own shares. Foreign clients are also entitled to be shareholders of local companies; however, they must seek approval from the Central Bank of Belize. This is simply a matter of procedure which can be completed in a matter of days.

 

The limited liability company provides security and protection to both its shareholders and directors. Separate legal status/entity is a vital and recognized aspect of Belize law. When properly structured the local corporations can also provide Asset Protection, Tax Minimization and Confidentiality.

 

Application Requirements:

 

  1. Name of Corporation;
  2. Address of Company
  3. Type of Service
  4. List of Directors - Names and Addresses (at least 2 names must be provided)
  5. List of Shareholder - Name and Addresses
  6. Distribution of Shares amongst Shareholders;
  7. Company Officers e.g. Chairman, Treasurer, Secretary, General Manager
  8. Subscribers

 

After the local company is formed, you will be provided with the following documents:

 

  1. Original Certificate of Incorporation
  2. Certificate of Compliance
  3. Copy of Memorandum of Association
  4. Copy of Article of Association
  5. Resolution for transfer of shares to shareholders from subscribers,
  6. Allotment of shares
  7. Share Certificates
  8. Resolution of First Directors
  9. Resolution of First Officers

 

Besides the Yearly Filing Fee, the company is required to file an annual return in the prescribed forms which details the directorships and shareholdings.

 

Please click here for Berkeley Local Company Order Form

 

Please contact us if you need more information on Local Companies Incorporation services