Security of Cost
Belize Asset Protection LLC
ASSET PROTECTION FEATURES only provided by a Belize Limited Liability Company (Belize LLC) make a Belize LLC superior to other entities in other jurisdiction.
The LLC embraces ideal attributes of both a corporation and a partnership but excludes their drawbacks. Belize actually took the best from the Nevis LLC & Delaware LLC legislation and tailored its own provisions. To protect your hard-earned, well-deserved personal wealth and business from malicious claims by creditors, the Belize LLC is a powerful and cost-effective solution for your global investments.
Every creditor shall, before bringing an action or proceeding against any Belize LLC property governed by the International Limited Liability Companies Act, shall first deposit with the Supreme Court Registry an amount equal to half of the amount claimed or fifty thousand dollars (US$50,000.00), whichever is greater, for securing the payment of all costs as may become payable by the creditor.
A claim in relation to a Belize LLC and members to third parties must be brought before the expiration of two (2) years from the date of occurrence of the action forming the basis of the claim.
The Supreme Court of Belize shall have exclusive jurisdiction to resolve claims as per the International Limited Liability Companies Act.