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Belize Limited Liability Company (LLC)

The Limited Liability Company or LLC is a hybrid of the Limited Liability Corporation / Limited Company and a Partnership. This legal entity has long existed in civil law jurisdictions for example the French Société à Responsabilité Limitée (SARL) and the German Gesellschaft mit beschränkter Haftung (GmbH). Also most states in the USA have some form of LLC. This type of entity also exists in some offshore jurisdictions. While many entities are taxed at both the corporate and shareholder level, LLCs may avoid multiple taxation while still limiting the liability of its members to the extent of the contributions made by them to the Company.

International Business Companies (IBCs)
TAX Exempt
Business Tax apply
No Tax Identification Number (TIN) Required
Tax Identification Number (TIN) required
Lower Annual Maintenance Fee
Higher Annual Maintenance Fee
Economic Substance Act (ESA) not apply
Economic Substance Act (ESA) apply
No Annual ESA filing required
Annual ESA filing required
No restriction on Intellectual Property Assets
Intellectual Property Assets prohibited


No information pertaining to the identity of mangers, members and ultimate beneficial owners (UBOs) of Belize LLCs need to be filed on public record at any government office.

No need for annual returns or audited accounts thereby saving fees for Limited Liability Company registered in Belize.

Nevis Limited Liability Companies (Nevis LLCs) were widely used in past years; however, the Nevis LLC is now required to file annual Simplified Tax Returns at the St Kitts and Nevis Inland Revenue Department. The Nevis Island Administration is expected to shortly introduce additional legislation to address the tax regime for Nevis LLCs.

Belize is the only nation in the world that is both a member of the Central American Integration System (SICA) as well as Caribbean Community (CARICOM). Belize is a nation on the American mainland it is more easily accessible than most Caribbean Islands with several direct flights to the USA and has long been a socio-politically stable democracy. Thus Limited Liability Companies (LLCs) are ideally registered in Belize.

Nevis LLCs
No Annual Tax filing required
Simplified Tax Return (STR) required annually
No additional fee for tax filing
Additional Fee charged for STR filing
Lower Annual Maintenance Fee
Higher Annual Maintenance Fee

It is essential that you obtain legal advice in your jurisdiction to ensure you are in full compliance with your requirements. We do not opine on the laws of other countries.