Customer Service

Belize Company Dissolution

If you no longer require your IBC we can assist with a Belize company dissolution. To dissolve an IBC it is necessary to issue a  Resolution of Dissolution signed by the director(s) of the company.

The procedure of dissolution will take from 1 to 2 months.

Fees

The cost for the Dissolution of a Local Company is £840, including tax and fee for notices. This fee does not include penalty fees payable to the Government of Belize to bring the company up to date.

Documents needed to be prepared

  • Notice of Resolution to Wind up
  • Notice of Appointment of Liquidator
  • Special Resolution of commencement of winding up
  • Notice of Meeting of Creditors
  • Notice of General/Final Meeting
  • Return of Final Winding up Meeting

Duties of the Liquidator

  • Identify all the assets of the company
  • Identify all the creditors and claimants against the company
  • Provide for the payment of, or to discharge, all claims, liabilities, debts and obligation of the Company
  • Distribute any surplus assets to the members in accordance to the Memorandum & Articles of Association
  • Prepare a statement of accounts in respect of the actions and transactions of the liquidator
  • Send a copy of the statement of accounts to all members if so required by the plan of dissolution
  • The Liquidator should submit to the Registrar a statement that the dissolution is complete

General Information

  • Notice of Resolution to wind up will be published in the Gazette
  • The Dissolution of a company will commence upon submission of the Special Resolution to the Registry
  • Within 7 days of the appointment, the liquidator will file a notice of meeting of creditors of the company, once on the Gazette and once in 2 local newspapers
  • One month before the final meeting, the liquidator is to file notice of general/final meeting in the Gazette
  • One week after the meeting, the liquidator will file a return of meeting with the Registry
  • After the Registrar has been notified that the company has been dissolved the company will be struck off the Register and a Certificate of Dissolution will be distributed
  • Total process takes approximately 2 months

Documents you will receive

  • Certificate of Dissolution