How To Buy a Shelf Company in Belize

Belize is a renowned destination for offshore company registration. In the past several years, it has established a strong presence in the offshore industry and is now among the top five most preferred jurisdictions worldwide.

When establishing a Belize offshore company, time is a critical factor. Legal formalities and business registration procedures in a foreign jurisdiction can be time-consuming and complex. To address this increasing demand, the Belizean government has streamlined the procedures for establishing shelf companies.

Individuals aiming to start a business in Belize should consider utilizing a shelf company to expedite the process. This guide outlines essential points to consider prior to proceeding with how to buy a shelf corporation in Belize.

What is a Shelf Company?

In corporate terms, a shelf company is a legal entity that was previously incorporated but is not currently engaged in any business activities. The term “Shelf” relates to “Age”, and thus, a shelf company is also regarded as an aged company.

Business investors often consider availing of shelf company services because it allows them to conduct business transactions at a faster pace, saving time and effort.

Benefits of Buying a Belize Shelf Corporation

Buying a Belize shelf corporation has proven to be one of the most popular business options due to the numerous benefits it offers.. A few of the same are highlighted below:

• The company registration process is not a concern
• Buying an existing company is quicker than establishing one
• It already boasts a well-built reputation in the market
• It can be used for multiple business activities
• It holds more credibility in the market as compared to a new entity
• The company’s set-up process is quite easy and flexible
• You can conduct business transactions immediately
• It holds a clean history report
• It enhances goodwill for your venture
• Key documents can be altered easily
• Getting loans from financial institutions is easier
• You can avoid red-taping
• Bidding on contracts becomes much easier

How to Buy a Belize-ready-made company?

To purchase a shelf company in Belize, one has to go through the following steps:

1. Get Assistance From a Professional Expert

When buying a Belize-aged shelf company, the first step is to engage a professional who is well-versed in the process. This could be a business consultant or a specialized service provider. Their role is crucial as they maintain a list of companies that are registered but have not conducted any business. They ensure that all procedures are followed correctly and legally, relieving you of any paperwork concerns.

2. Check Out the Available Shelf Companies

Once you have your consultant, they will show you a list of available companies. Each company will have its name and its age, which indicates how long it has been in operation. You can choose a company that is either brand new or one that has been around for a few years. An older company can sometimes look more trustworthy to banks or business partners. Once you select one, your consultant will confirm that it is still available for purchase.

Before you can officially purchase the company, you need to provide some personal documents to verify your identity. This is a standard legal step known as due diligence.

3. Submit the Documents

You will need to submit documents like a copy of your passport and proof of your home address. The consultant will also review the company’s existing legal documents to ensure everything is in order and that the company has no outstanding debts or legal issues.

4. Transfer of Your Ownership

Once everything is checked and approved, the consultant will handle the official transfer. They will update the paperwork to reflect the change in ownership and directors from their records to yours. Then, they will file these changes with the government in Belize. This is the moment the company officially becomes yours, ready for you to use.

5. Obtain Your Company Documents and Proceed with the Name Change

You will receive a new set of company documents showing your new ownership. If you wish, you can also change the company’s name. The consultant will help you with this simple step. With your new, ready-to-operate company, you can now start your business activities and open an offshore bank account in the company’s name.

Why Proceed with the Assistance of an Expert with a Belize Shelf Corporation?

Some of the benefits that you can grab by proceeding with business consultants while buying a shelf company are:

• The required legal compliances can be carried out with ease
• Market insights can be known with ease
• Business investors can streamline the process
• Available time and resources can be utilized effectively

Our Role

Business Setup Worldwide has been recognized as one of the top ten business consultants in Dubai, specializing in providing effective and efficient business setup solutions. Since its inception, we have helped numerous business clients bring their business ideas to life. Our business advisors are well-versed in offering company formation services with ease. If you are looking to purchase a shelf corporation in Belize or any other location, feel free to speak with our business consultants.