Belize LLCs – Structure with Strong Asset Protection features


It is evident that Belize as a financial center continues taking steps in progressing forward, despite the existing global battle against money laundering, drug trafficking and various terrorist atrocities across the world in recent years. With the aim of the US Foreign Account Tax Compliance Act (FATCA) and the OECD’s Common Reporting Standard (CRS) to eradicate tax evasion, the International Financial Services sector of Belize is continuously subject to revisions and improvements to meet with international standards.

The Belize jurisdiction currently has approximately 162,000 active offshore companies and clearly has progressed continuously in how it designs its legislation framework. It continues to provide safe international banking, international accounts, formation of companies, secure offshore trusts, family foundations and limited liability companies.

The International Limited Liability Companies Act is known to have a special appeal for international investors. A Limited Liability Company or an LLC is a flexible business entity with strong asset protection features. An LLC is a hybrid between two familiar business structures, namely, a corporation and a partnership. The Act is designed to give statutory certainty to some of the key issues of concern to US attorneys using domestic LLCs. It provides a broad foundation to structure an LLC according to its own rules, rather than being dictated by statute. The operating agreement may contain any provision for the conduct of business that is not contrary to law and relates to the business of the company and the conduct of its affairs. A limited liability partnership avoids multiple taxations but it does require unlimited liability exposure of at least one general partner. Such exposure to risk is too great for an individual to assume and thus limits the usefulness of partnerships.

Furthermore, an LLC is a legal entity with separate rights and liabilities distinct from its members and managers. No manager, officer, member or employee of an LLC shall be liable for the debts, obligations or liabilities of the LLC unless he has assumed such liability by written contract. Other main attributes are that LLC’s are exempt from taxes and duties and exchange control in Belize. There is no requirement to prepare annual accounts or to appoint an auditor; however, a simple annual return in the form specified by regulations would need to be lodged with the Registrar setting out the name of the LLC and the address of the registered agent.

Feel free to contact us if you are interested in forming an LLC or in finding a corporate structure suitable to your needs.

For further information, please feel free to contact Anju Gidwani, Director of the Belize Office (anju@zetland.biz)



ベリーズにおける国際有限責任会社法(International Limited Liability Companies Act)は国際的な投資家たちにとって非常に魅力があります。LLC(有限責任会社)は出資者の資産保全(出資者の責任は出資金の出資額の範囲でしか負わないという有限責任)の特徴が強いフレキシブルなビジネスビークルです。LLC(有限責任会社)は法人とパートナーシップの両方の長所を兼ね備えているのが特徴です。米国LLC(有限責任会社)では不可能なストラクチャリングを可能にするのもベリーズLLC(有限責任会社)で、国際合同会社法(International Limited Liability Companies)はベリーズLLC(有限責任会社)を設立する際の定款自治を幅広く定めています。運営契約書では法を犯さない限りまた事業内容に沿っている限りにおいて運営条項を自由に定めることが可能です。LLP(有限責任事業組合)の場合、二重課税を逃れることができますが少なくともゼネラルパートナーを1人たてる必要があり、ゼネラルパートナーは債務に対して無限責任を負うことになります。1個人のリスクとしては非常に負担が大きいためLLP(有限責任事業組合)は利用価値の魅力として欠けます。