Belize Company Restoration
Belize companies that have been struck-off the Register for failure to pay license fees can apply to be restored. We are able to assist and advise on the Belize company restoration process to put your company back on the companies register.
Once restored, the company is deemed never to have been struck off the Register.
In order to have a company restored all arrears, penalties and outstanding charges must be fully paid and the restoration fee to the Belize International Business Companies Registry.
| Belize Company Restoration | |
|---|---|
| Belize Government Restoration fee | US$1500 |
| Belize Agent fee | US$1200 |
| Registration of the Ultimate Beneficial Owner | £340 |
| Due Diligence – Director & Shareholder (s) | £320 |
| Resolutions & filing fee to appoint new Registered Agent & change Registered Office. | £400 |
| Company Search and documents | £200 |
| Tax Identification Number | £350 |
| Company Secretary | £400 |
| Re-registration under Companies Act 2022 | £400 |
| Registered Office fees outstanding per year | £560 |
| Annual License fees outstanding per year | US$250 |
| Late filing penalties arrears per year | US$100 |
| Lawyers and Court costs – varies | |
| 2% fee – to cover exchange rate changes, bank charges |
Annual Renewal Service
Provision of a Belize Registered Office
- Compliance with local domicile requirements
- Payment of Government Fees
- Maintaining Statutory Records
- Maintenance of Shareholder Register
- Maintenance of Director Register
- Statutory Due-Diligence
- Ensuring that your company is kept in Good Standing
- Your company is required to pay an annual government licence fee, every year to maintain your company’s Good Standing
- Renewals fall due for all services on 01 January
| Belize Company Annual fees | |
|---|---|
| Registered Office – Registered Agent | £560 |
| Director’s Register Maintenance | £180 |
| Economic Substance filings | £480 |
| Government Annual License | US$250 |
| Annual Return filing | £240 |
| Tax Return filing | £400 |
| Accounting Records | £330 |
| Annual Compliance fee | £200 |
Registered Office and Registered Agent
We provide a Licensed Belize Registered Agent and Registered Office in Belize.
Tax Identification Number – TIN
All Belize companies must have a Belize Tax Identification Number.
Belize Annual Compliance
In line with the Anti-Money Laundering regulations, we complete compliance checks and update the records held at the Registered Office, to ensure your Belize company meets its regulatory obligations and remains in Good Standing andto ensure that the due diligence documentation held on your company file is up to date.
Shareholder & Directors Maintenance
Under the Companies Act, we need to ensure your company registers, including the directors register and shareholder register are maintained. An updated copy of the Directors register is held at the Belize Registered Office of your company.
Legal Costs & Expenses on Company Restoration
- Obtain a Company Search from the Belize International Business Companies Registry
- Drafting and completing the documents necessary for the application
- Drafting the restoration documents and resolutions
- Serving documents and communicating with the Registrar of Companies
- Advertisement if required
- Filing the application with the Court if necessary
- Attending court hearing
Disbursements or Expenses:
- Outstanding filing fees on Annual Returns
- Penalty for late filings and other penalties
- Court filing fees in Belize if appropriate
- Filing fees to the Companies Registry on the restoration application
Company Restoration Process
In order for a struck off company to be restored by the Belize Registry the following fees must be paid:
- Pay all the annual government fees it would have paid as if it had remained active
- Pay the government restoration fee to the Belize International Business Companies Registry
- Payment of all unpaid Registered Agent fees
When all the fees and penalties are paid, the Registrar shall restore the company to the register and upon the restoration the company shall be deemed never to have been struck off.
A Belize company can only be restored by the registered agent on record, or the agent must be changed to a new agent undertaking the company restoration, which we will organise.
Re-registration of Companies under the 2022 Belize Companies Act
A company that is registered under the International Business Companies Act, shall have 12 months from the commencement of this Act within which to comply.
Companies had until the 28th day of November 2023 to re-register under the Act. The Registrar shall remove from the register any company registered under the International Business Companies Act, which fails to register
Effect of a company being Struck Off
A company struck off the register is unauthorised to trade and is not in Good Standing. The company still remains liable for all claims, debts, liabilities and obligations it has but the liability of the shareholders, directors, shareholders and agents remains limited.
Company Directors and Shareholders
When a Belize company is restored, the previous Directors, Company Secretary and the Shareholders are automatically assumed to have continued.