Effective 1 January, 2019
Over the past year the administration of Belizean entities has become significantly more demanding, driven in particular by New Legislations and compliance frameworks, and evolving worldwide regulatory requirements. We are therefore expanding the services we offer in the interest of making the transition under the new legislation as seamless as possible without increasing present fees. We will inform and advise on the new requirements for entities where we provide fiduciary and other services. These are explained in more detail below.
You may have been aware that the Belize Government has enacted a number of pieces of legislations that will affect the administration of Belize entities and place additional obligations on both Directors and Registered Agent.
The legislation addresses international concerns with respect to entities having economic substance. Since the authorities are still working on putting in place the underlying procedures, requirements and deadlines we are not able to provide those details at this time. As soon as all the necessary underlying procedures are finalized, we will inform you.
Advisory/ consultancy services – New Legislation
To afford each entity clarity in becoming compliant with the new legislation there will be a one-time nominal fees for advisory services for those that require it.