Bz Company Formation

---
name: bz-company-formation
description: "Source-cited draft: company formation & entity choice for Belize (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/bz-company-formation"
  jurisdiction: "BZ"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Belize Company Formation & Entity Choice

## Entity types, incorporation and annual compliance

- **Overview** — Belize offers domestic companies and limited liability companies (LLCs) registered through the Belize Companies & Corporate Affairs Registry (BCCAR), with most registrations handled via the Online Business Registry System (OBRS). A local registered agent and registered office are required.
- **Common entity types** — Limited liability company (LLC), company limited by shares, sole proprietorship, partnership, and International Business Company (IBC) ((approx — confirm against current registry forms)) (approx — confirm against current registry forms)  _(Belize Companies Act)_
- **Registry** — Belize Companies & Corporate Affairs Registry (BCCAR), via the Online Business Registry System (OBRS)  _([[Belize Companies & Corporate Affairs Registry](https://www.bccar.bz/)](https://www.bccar.bz/))_
- **Minimum members / managers (LLC)** — At least one member and one manager (a member may act as manager); any nationality  _(Belize Limited Liability Companies Act)_
- **Minimum share capital** — No statutory minimum share capital for an LLC; share companies have no mandated minimum either ((approx — confirm)) (approx — confirm)  _(Belize Companies Act)_
- **Registered agent / office** — A local registered agent and a Belize registered office address are required  _(Belize Limited Liability Companies Act)_
- **Core formation document (LLC)** — Articles of Organization (name, registered agent, registered office)  _(Belize Limited Liability Companies Act)_
- **Registration / annual renewal fee (LLC)** — Approximately USD 330 to register and USD 330 annual renewal (plus registered-agent fees) ((approx — confirm official government fee)) USD (approx — confirm official government fee)  _(Belize Limited Liability Companies Act)_
- **Incorporation timeline** — About 2 business days after filing; roughly 1 week including document preparation ((approx — confirm)) (approx — confirm)  _(Belize Companies & Corporate Affairs Registry)_
- **Annual return / financial statements** — Annual financial return with simplified financial statements must be filed ((approx — confirm current filing requirement)) (approx — confirm current filing requirement)  _(Belize Companies Act)_
- **Beneficial ownership / attestation** — Managers, members and Ultimate Beneficial Owners (UBOs) must be filed; an annual attestation of current status is required ((approx — confirm post-2023 amendment scope)) (approx — confirm post-2023 amendment scope)  _(Belize Limited Liability Companies Act)_
- **Tax registration** — Companies must register with the Belize Tax Service and file applicable business/income tax returns  _([[Income and Business Tax Act (Cap. 55)](https://bts.gov.bz/)](https://bts.gov.bz/))_
- **Economic substance** — Relevant entities (incl. certain IBCs) are subject to economic substance requirements ((approx — confirm applicability)) (approx — confirm applicability)  _(Economic Substance Act)_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `bz-company-formation` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/bz-company-formation. If neither is available, confirm every figure against the official source pages cited above before relying on it.