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Posted: Saturday, July 30, 2022. 11:43 am CST.
By Zoila Palma Gonzalez: On Friday, July 29, 2022, the Financial Services Commission announced that effective today, as per section 284 of the Belize Companies Act (Act No. 11 of 2022), the Belize Companies and Corporate Affairs Registry (BCCAR) is established under the jurisdiction of the Financial Services Commission (FSC).
According to the BCCAR, registry services previously provided separately by domestic companies and international business companies registries, will now be delivered by the combined BCCAR.
“The merger of the registries’ services is a key part in the transformation and strengthening of the business environment and improving the ease of doing business in Belize,” a statement from the BCCAR said.
Other key components in the transformation include the enactment of a modern companies Legislation, the Belize Companies Act, 2022 (Act No. 11 of 2022), and the launching of the Online Business Registry System (OBRS) anticipated to be launched in the latter quarter of 2022 positioning Belize as a leading jurisdiction for company incorporation, starting a business, and best-in-class delivery of corporate registry services.
Due to the transition, services may be delayed in the coming days.
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