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Belize Companies - Annual Returns Filings #295345
08/29/08 09:29 AM
08/29/08 09:29 AM
Joined: Oct 2001
Posts: 6,245
San Pedro AC Belize
Diane Campbell Offline OP
Diane Campbell  Offline OP
Re: Penalty charged by Company’s Registry

We wish to inform you that starting 15th September, 2008 all domestic companies will be charged BZ$25.00 per day for any outstanding annual summaries that have not been filed in the company’s register. This means all domestic companies must have summaries up to 2008 filed before 15th September, 2008 to avoid this penalty.

Re: Belize Companies - Annual Returns Filings [Re: Diane Campbell] #296752
09/04/08 08:39 AM
09/04/08 08:39 AM
Joined: Dec 2006
Posts: 19
DrSteve Offline
DrSteve  Offline

I have an "inactive Corp." that I no longer wish to maintain.

Do I need to file any paperwork to "disolve" the Corp.?
Or can I just not file this year?

Re: Belize Companies - Annual Returns Filings [Re: DrSteve] #296755
09/04/08 08:44 AM
09/04/08 08:44 AM
Joined: Aug 2006
Posts: 84
Stilromin Offline
Stilromin  Offline
The easiest thing might be to sell all the shares outright to a buyer.
I don't think you can just let the corporation hang without action.

Re: Belize Companies - Annual Returns Filings [Re: Stilromin] #296760
09/04/08 08:58 AM
09/04/08 08:58 AM
Joined: Dec 2006
Posts: 19
DrSteve Offline
DrSteve  Offline
Thanks for the input.
I don't think I can find a buyer for the Corp. (?)
It was formed for Belize real estate holdings (that have since been sold).

The company now has $0 value, with $0 assets.

Am I required to file?
Will I be fined if I don't?

I have an Attorney on the mainland , but I can not seem to get a strait reply to this question.
(Possibly they would prefer that I just simply pay them to file, necessary or not.)

Any input is appreciated.

Re: Belize Companies - Annual Returns Filings [Re: DrSteve] #296763
09/04/08 09:04 AM
09/04/08 09:04 AM
Joined: Jun 2001
Posts: 1,439
Mine Hill NJ
dabunk Offline
dabunk  Offline
We were told that it was 25 before the 15th and 50 after then. And that the GOB has aleady siezed assests of those who have not complied. We missed filing the proper paperwork for last for last year, so have been through the process.

Last edited by dabunk; 09/04/08 09:07 AM.
Re: Belize Companies - Annual Returns Filings [Re: dabunk] #296769
09/04/08 09:22 AM
09/04/08 09:22 AM
Joined: Oct 2006
Posts: 2,041
Kansas City MO
KC Jayhawk Offline
KC Jayhawk  Offline
Don't know GOB requirements, but most states in the US require that a Notice of Dissolution be filed with the Secretary of State's office (there is usually a small filing fee required). Otherwise, the corporation is considered to be active and subject to all regulations that apply to active corporations.

When you find a big kettle of crazy, it's best not to stir it.
Re: Belize Companies - Annual Returns Filings [Re: KC Jayhawk] #298121
09/11/08 10:48 AM
09/11/08 10:48 AM
Joined: Jan 2008
Posts: 31
FEEDthePOOR Offline
FEEDthePOOR  Offline
Originally Posted by dabunk
the GOB has aleady siezed assests of those who have not complied. We missed filing the proper paperwork for last for last year, so have been through the process.

OUCH !!! This kind of thing really makes me mad !!! Why can't they give the people just another warning or two before they take advantage of the situation and line their pockets with your company's assets by siezing them???

If you have visible brick and mortar business in Belize the only thing the GOB should be able to seize from you is your building. If you are doing business in Belize using a discount
offshore LLC
from a country with very strict privacy
laws and have offshore bank accounts opened up in your company name outside of Belize then you can protect some of your business
from seizure.

I am not sure if the GOB will allow you to operate a visible
business with brick and mortar using an offshore limited liability company or a
Seychelles IBC or Panama Corporation instead of a Belize IBC but it would be a good thing to check into as it may protect you somewhat in the future. You should never hold very much money in a bank account in the country you are living in. It only makes you a sitting duck. Quack Quack !!!

Perhaps Marty or some others who are living in Belize can
direct you to a reputable attorney who can help you with
these things I mentioned. I hate to see any government prey
upon people for overlooking a filing or some such thing that
could be easily corrected. Some of you have moved to Belize
to get away from Big Brother. So they should not be allowed
to prey upon you in your new and safe offshore home.

SAFE offshore banking for YOU !

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