Belize
Company Incorporation

Belize is a top spot for iGaming because it’s fast, private, and tax-friendly. Setup takes as little as 1–3 days, and there are no restrictions on foreign ownership. With strong privacy and minimal compliance requirements, Belize lets you skip the red tape and focus on growth.

Registration time
1-3 days
Regulatory Requirements
Simplified
Tax policy
Favorable
Minimum capital
Not required
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Advantages of Registering a Company in Belizewith MGL

Minimal Requirements

Belize has no mandatory requirements for minimum share capital. Companies do not need to submit complex financial reports or conduct audits.

“Tax-Haven” Advantages

International Business Companies (IBCs) in Belize enjoy full exemption from income, corporate, capital gains, and inheritance taxes.

Fast and Simple Setup

The company registration process takes about 2-4 weeks to complete. The procedure is relatively simple, since you can open a company and manage it remotely.

Privacy for Shareholders

Belize guarantees privacy: the details of directors, beneficial owners, and shareholders are in a closed register. As a result, this data remains inaccessible to your competitors and users.

How we work

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Step 1. Initial Consultation

We start with a consultation to understand your business needs, license category you plan to obtain, and objectives.
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Step 2. Document Preparation

Step 2. Document PreparationWe support you in gathering and preparing all necessary documents for your future company. You need to provide only your personal identification and supporting documents.
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Step 3. Get Your Registered Company

We submit the documents to the registration office and follow the process closely.

Steps to Incorporation in Belize

Step 1. Initial Consultation and Choose Name

As with any other jurisdiction, we begin with an initial consultation when you plan to set up a company in Belize. The initial consultation helps us to understand the specifics of your online gambling project and your long-term business goals. 

During the consultation, we analyze everything that can be crucial for your business development, including platform types (such as an online casino, sportsbook, or poker room), your target audience, and your financial goals. All these details are necessary for determining the type of entity, the company’s liability protections, tax benefits, and overall future growth opportunities.

Once we determine an exact type of entity, it’s time to find a name for your company. You need to select a unique name you like, and we will check its availability. If everything is in order, our team will reserve the name with the Belize Companies & Corporate Affairs Registry.

Step 2. Documents Preparation 

From there, we support you in preparing and filing all necessary documents, such as certified copies of passports and IDs for all shareholders and directors, utility bills for proof of address, a professional reference letter, and a bank reference letter. 

To complete the preparation process, we help you to fill out all company application forms and then submit them, along with all required documents, to the Registry. 

If needed, we can assist in appointing directors and shareholders, offering nominee services to protect your beneficial ownership. Once completed, you'll receive a Certificate of Incorporation and an official company seal, typically within 2-4 weeks.

Step 3. Undergoing Due Diligence and Get Your Final Documents

Once the application has been submitted and all necessary fees are paid, the final compliance stage begins. The registered agent will conduct a background check on all company owners and directors. 

At this stage, our team closely manages this sensitive stage, acting as a direct liaison between you and the registered agent. If any additional documents are required during the due diligence, we contact you instantly and transmit them to the agent as fast as possible.

After the due diligence, the agent will submit the documentation to the authorities to legally incorporate the company. MGL then receives your official Incorporation Certificate and all the essential company documents. We review them for accuracy and immediately send them to you. 

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Send a quick message to MGL and we’ll tell you the fastest legal option for your project.
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Got a minute?
Send a quick message to MGL and we’ll tell you the fastest legal option for your project.
Let’s discuss my project
Got a minute?
Send a quick message to MGL and we’ll tell you the fastest legal option for your project.
Let’s discuss my project
Launch your 0% tax company
Fast setup and absolute confidentiality
Let’s discuss my project
Launch your 0% tax company
Fast setup and absolute confidentiality
Let’s discuss my project
Launch your 0% tax company
Fast setup and absolute confidentiality
Let’s discuss my project
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Types of Entity
in Belize

Belize's corporate law is governed by The Belize Companies Act, 2022. This is a major legislation that completely changed Belize's corporate law a few years ago. Specifically, the law got rid of the legal status for the International Business Company (IBC) structure, which many of you may already know.

Since 2022, Belize now offers three main types of business structures, and each one is set up to meet different business needs.

Company Limited by Shares

This is the corporate structure best suited for online gambling businesses. A Company Limited by Shares is similar to the Limited Liability Company (LLC) structure known globally. This company gives its owners, directors, and shareholders limited liability, meaning their personal assets are safe. Their financial risk is limited only to the amount unpaid on their shares.

To set up this type of company, you must have a registered office, and at least one shareholder and one director. Both roles can be held by the same person, including non-citizens. Additionally, the company must comply with the rules of the Belize Companies Act of 2022. 

Belize has no minimum share capital requirement to form this company. You are free to start this company with as little as one share, as there is no fixed minimum amount for authorized share capital. 

Company Limited by Guarantee (CLG) 

This type of legal entity is not suitable for iGaming businesses. It is intended for non-profit organisations where members limit their financial risk to an amount they promise to pay if the company closes down.

To open a CLG, you must submit a Memorandum of Association, Articles of Association, a letter to the Attorney General, and potentially get Central Bank approval. After that, the company must be registered with the Belize Companies and Corporate Affairs Registry (BCCAR). 

Unlimited Company

Unlike a company limited by shares, the main point of an unlimited company is that its directors, shareholders, and beneficial owners are not protected from the company’s debts. This means they could be personally responsible for the company’s financial obligations. 

To start this company, you first need to register a business name, submit all documents to the Belize Companies Registry, and get an incorporation certificate. 

In general, the Unlimited Company structure is more often used by local companies than by offshore ones. 

Other Registration Offers

Nevada

Nevada's regulatory framework, shaped by its casino history, provides a reliable foundation for online gaming businesses. Whether you choose a corporation, LLC, or partnership, MGL ensures smooth incorporation and ongoing compliance, so you can focus on growing your venture.

Alabama

Starting a business in Alabama offers a straightforward process, tax advantages, and financial incentives, making it a popular choice for iGaming entrepreneurs. The state provides a business-friendly environment with competitive corporate tax rates, property tax abatements for up to 20 years, and extra benefits through the Enterprise Zone Program.

Wyoming

For iGaming startups, Wyoming’s tax savings, privacy protections, and straightforward incorporation process make it a prime location. MGL offers tailored services to simplify incorporation, manage compliance, and handle ongoing legal and administrative needs.

Indonesia

Indonesia offers a promising yet challenging landscape for iGaming ventures. While online gambling is strictly prohibited, the broader gaming industry thrives, with over 148 million active gamers and substantial revenues. To enter this market legally, foreign companies must establish a local presence, either as a subsidiary or joint venture, per recent regulations like MOCIT Regulation No. 2 of 2024.

Nidhi Company

Setting up a Nidhi Company involves a structured process divided into three main phases, each requiring specific documentation and adherence to timelines. These steps are essential to legally establish and operate your business in Australia.

Delaware

Delaware is a top choice for iGaming businesses due to its business-friendly laws, low taxes, and strong regulatory framework. Since legalising online gambling in 2012, Delaware has attracted operators worldwide.

USA

Starting an iGaming business in the US involves navigating state-specific regulations, choosing the right legal structure, and ensuring compliance with licensing and tax requirements. The US iGaming market is growing rapidly, with the industry projected to reach $10.98 billion by 2029. Incorporating in the US builds trust with players, aligns with state laws, and opens access to tax advantages.

Qatar

Qatar is positioning itself as a key hub for iGaming, esports, and blockchain ventures, driven by its National Vision 2030. The gaming sector in Qatar is forecasted to generate QAR 457.5 million (USD 125.7 million) in revenue by 2024, with a growth rate of 6.75% annually through 2027. For businesses looking to capitalise on this market, Qatar offers advanced infrastructure, tax incentives, and a clear regulatory framework for digital and blockchain-based gaming.

The UAE

The UAE has positioned itself as a leading destination for iGaming businesses, offering a regulated framework, tax advantages, and access to a growing market. With the establishment of the General Commercial Gaming Regulatory Authority (GCGRA) in 2023, the region now provides clear pathways for setting up iGaming operations.

India

India’s iGaming industry is growing rapidly, but success hinges on understanding its legal and operational complexities. MGL ensures businesses enter the market with confidence and compliance.

Hong Kong

Hong Kong is a top choice for iGaming businesses looking to expand into Asia and beyond. With its transparent legal framework, efficient banking services, and favourable tax system, it offers significant advantages for entrepreneurs. Setting up a company is straightforward, and the region supports international operations with ease.

Saint Lucia

Saint Lucia offers an appealing option for iGaming entrepreneurs looking for a jurisdiction that prioritises reliability and business-friendly practices. With its favourable tax policies, efficient regulatory processes, and solid legal frameworks, it stands out as a top destination for establishing a foothold in the global iGaming market.

Nevis

Nevis is a standout destination for setting up iGaming businesses, offering a streamlined incorporation process, strong privacy protections, and tax advantages. With the help of MGL, you can establish a Nevis-based company in just 1–3 days, while they handle all the paperwork, compliance, and licensing requirements.

Belize

Belize is a top spot for iGaming because it’s fast, private, and tax-friendly. Setup takes as little as 1–3 days, and there are no restrictions on foreign ownership. With strong privacy and minimal compliance requirements, Belize lets you skip the red tape and focus on growth.

Costa Rica

Costa Rica is an ideal destination for iGaming businesses seeking a clear path to market. With its low-tax policies and business-friendly legal framework, MGL can handle the entire setup as fast as 1-3 days, so you can focus on your business goals.

Vanuatu

Some summary example

Dubai

Dubai is emerging as a hotspot for iGaming businesses, driven by its strategic location, tax advantages, and evolving gaming regulations.

BVI (British Virgin Islands)

The British Virgin Islands (BVI) stands out as a prime location for iGaming businesses looking for a strong operational base. With its adaptable corporate framework, the BVI accommodates various business needs, whether you're launching a new platform or setting up a specialised subsidiary.

Malta

Setting up an iGaming company in Malta offers several advantages, including access to the European market, a low effective tax rate of 5%, and a well-regarded regulatory framework under the Malta Gaming Authority (MGA). Malta's strategic location, skilled workforce, and favourable business environment make it a key hub for online gaming operators.

Malaysia

Although online gambling in Malaysia occupies a legal grey area, the government is exploring licensing frameworks to modernise laws and capture tax revenue. This could open new opportunities for iGaming businesses targeting international markets.

Singapore

Singapore is a top choice for setting up an iGaming business in the Asia-Pacific region, thanks to its strong legal system, attractive tax policies, and access to a growing market of over 650 million consumers.

Estonia

Estonia stands out as a top destination for iGaming entrepreneurs aiming to establish their businesses in a forward-thinking European market. Its digital-first mindset, friendly tax policies, and efficient incorporation process make it a smart choice for companies seeking to balance regulatory compliance with operational ease.

Seychelles

Seychelles is an attractive destination for iGaming businesses due to its tax-free environment on foreign income, fast incorporation process, and growing market potential. With zero corporate and gaming taxes for International Business Companies (IBCs), competitive licensing fees, and confidentiality protections, it offers an ideal setup for operators targeting international markets.

Cyprus

Looking to expand your iGaming business in Europe? Cyprus offers EU membership benefits and a streamlined incorporation process that can be completed in as little as two weeks. This makes it a top choice for entrepreneurs aiming to access European markets efficiently. With MGL, the process is simplified through tailored strategies, legal and administrative support, and ongoing compliance services.

FAQ

FAQ about BelizeCompany Incorporation

Everything you need to know about Our company. Can’t find the answer you’re looking for? Please chat to our team.

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Can a foreigner open a business in Belize?

Yes, foreigners can open a company in Belize, and they can serve as a director, shareholder, or even an Ultimate Beneficial Owner (UBO). There is no national restriction on these roles.

Is Belize a tax haven?

Belize is widely known as a so-called “tax haven” because companies that earn income outside of Belize do not have to pay taxes on it. We at MGL help to make it a reality and open a company in “tax-haven” just within 2-4 weeks.

Why set up a company in Belize?

Setting up a company in Belize is a great choice if you want to benefit from low or even zero corporate tax rates on foreign- earned income, high financial privacy, and a simple, streamlined incorporation process which usually takes about 2-4 weeks.

Is Belize a good place to start a business?

Belize is a good place to start an international business because of tax advantages, strong confidentiality of directors, shareholders, and UBOs, and current economic and political stability of the country. However, it presents more challenges for businesses targeting the local market.

Can a non-resident open a bank account in Belize?

Yes, a non-resident can open a bank account in Belize, whether it is a domestic bank or an international one. However, international banks are specifically licensed to deal with foreign individuals and non-resident companies, so they are the easiest option to open an account remotely, even without having to visit Belize.

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