Business Start-up in Belize

Jan. 19, 2010 - PRLog -- You must pay the necessary fees, find out if the company name is available for use, make sure that it is a legal business according to the laws laid-out and ensure that it will promote the community it will be based in. After all, business in any given country should be able to contribute towards building its economy.

http://www.cclogic.com/register-offshore-company-online/belize-company-formation.html

To begin with, you must first do a search for the company name and forward it to the City Council so they make sure that it is available and legally ready for use. You must then register company statutes, memoranda, and articles of association at the Companies’ Registry. At this point, the directors or bosses of the company must make themselves known to this registry. Once you obtain the proof of registry, make sure you have your necessary identification documents, your proof of residency and take these along when going to apply for a trade license. To do that, you have to forward your application to the Council, and then the Council will schedule time to inspect your company or business. When everything is good to go, you pay for the license and then they proceed to issue your trade license. The trade license will cost you 25% of the value of the business premises.

You are required to come up with a logo or seal for your company. This is used for easy recognition. At this point, you have to register with the Tax department. You must ensure you register for business tax and General sales tax to ensure that your company pays its dues to the government. You must then register your employees with the Social Security Board. As this takes over two months to process, the law allows you to begin work or production in the meantime.

To top it all up, 100% does not have to be local, but may have about five local partners. In addition, none of the partners in the business should have legal issues pending. Start up must be in the city with the largest population. You must have capital, which is 10 times the income of each capita as of 2008, and within a month have at least 10 employees and you must have a 10 page-long deed for your business premises. After the business is successfully registered, you must now ensure you follow the procedures on construction of the business premises and registering that property, hiring the workers, paying taxes, protecting investors and on how to do cross border business deals. The key to registering a business is all about following the law to the letter. This is to cover yourself and any involved parties from the risk of breaking the law, committing fraud and conflicting with the natives of the area directly affected by the opening of your business, this will give you the necessary leeway to carry out your business.

http://www.cclogic.com/register-offshore-company-online/b...

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