1. The waiver of the Continuation Fee is to be paid to the Government through the IBC Registry
The time to apply is from 24 Feb 2020 to 14 Feb 2021.
Accordingly, applicable companies in the mentioned period will not be subject to pay the Registrar continuation fees as follows:
- $500, which is applied for companies not incorporated under the Companies Act, Cap. 250 and have the authorized capital not surpassing $50,000;
- $1,000, which is applied for companies not incorporated under the Companies Act, Cap. 250 and have an authorized capital of more than $50,000;
2. To be exempted from the regular service charge in applying for Tax Identification Number (TIN) for any foreign companies conducting re-domiciliation into Belize under the Belize IBC Act. Note, however, that the sole condition for this exemption is that the company must submit the application along with the continuation request.
For any further questions regarding IBCs Continuation to Belize 2020, do not hesitate to contact us or click here for reference to the original notice.
Disclaimer: While BBCIncorp strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact BBCIncorp’s customer services for advice on your specific cases.
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