Establish an LLC in Belize with a Serbian Bank Account

The key to success in the present-day business world is the ability to combine the best of the onshore and the offshore world. Regulations change every year, so some strategies cease to be viable, while new ones appear. In this article, we will take a look at a good combination of jurisdictions that will help you diversify risks and successfully operate your business across the globe. The choice is more or less obvious: Belize is a respected offshore jurisdiction with enhanced asset protection, and an LLC is a very convenient company legal form that we highly recommend. As for Serbian banking, it is a high-quality product where you get European financial services at prices that are much lower than in Western Europe. If you want to read a detailed guide on Belize LLC setup and opening a Serbian bank account for your company, please follow the link.

Belize Company: Main Advantages

Let’s look at the main takeaways of choosing Belize as a jurisdiction for company registration:

• The company re-domiciliation procedure is absolutely legal: you can move your company to and from Belize at any time.
• You will enjoy a high level of confidentiality as the data on beneficiaries is not disclosed, and the only mandatory document submitted to the Registry is the company charter.
• You will take advantage of bulletproof asset protection. If creditors from the outside wish to seize your assets, they will not be able to do so even if they have the decision of a foreign court in their hands. The matter is that Belize does not accept the decisions made by courts abroad, so your creditors will have to start the procedure all over again. This will keep your assets intact in 99% of cases.
• Offshore companies registered in Belize have no economic substance requirements, which saves time, money, and effort.
• You will not need to apply for a TIN.
• There are no requirements for the minimum authorized capital.
• The Belize company can be fully owned by a foreigner.
• You can form the company in different ways.
• The company members bear limited liability for its debts.
• You will not need to file any reporting, tax returns, or hold general meetings (you have the right, but not the obligation to do so).
• And, of course, you will not need to pay any taxes on the condition that you generate 100% of the company’s profits abroad.

There are also some benefits typical of a Belize LLC only:

• An LLC is considered a non-risky business format under the new standards elaborated by the EU and OECD
• You can officially use the nominee service if you want the highest level of privacy (you can have nominee directors and shareholders)
• An LLC can be established by just one member

An LLC in Belize also has its limitations:

• It has no right to issue any securities in the name of a Belizean resident
• It cannot own shares or any other securities of companies based in Belize
• It cannot solely own real estate in Belize
• It cannot use Belizean residents to derive profits

IBC or LLC?

On the whole, it would be wrong to choose a particular company type without analyzing your business and situation. If you are not sure, you can follow the link and ask an expert for advice. However, if you want a general recommendation, opt for an LLC: it gives the maximum number of advantages connected with a Belizean offshore company and is a truly versatile business instrument that will be suitable in the majority of cases.

Why Choose Serbia to Open a Bank Account?

Money is the lifeblood of business, and you need a bank account with a reliable institution that will ensure seamless settlements with your partners. European banks are not very eager to open accounts for offshore companies, but there is a way out: you set up a branch of your Belize company in Serbia and open a local bank account for it without any problems whatsoever!

Does the strategy sound complicated? Well, our experience shows that this is the quickest path to your goal. You can set up a branch in Serbia in a matter of several days with almost a 100% guarantee if everything goes as planned and the package of documents you submit is in order.

As soon as we have a branch, you can apply for a bank account. Banks are very picky about customers nowadays as they are heavily penalized by international regulators for dealing with unreliable customers. Non-residents are always in the risk group, and the number of refusals to open an account is increasingly high despite meticulous checks. However, you risk nothing if you are a local legal entity, and the local banks will be happy to onboard you.

Is it a legal strategy? Well, it is absolutely lawful, and it:

• Will not create any challenges in further business activities
• Will not result in the company being blacklisted
• Complies with all EU directives

There is one drawback that we will not hide, though: the cost of doing business will be slightly higher. However, this is the cost of convenient business and the absence of issues, and it’s up to you to decide whether this is valuable enough to pay for it. You can drive the vehicle of your business on a smooth or bumpy road, and we offer the first one (which is usually fee-based).

Here is a list of banks we recommend for cooperation in Serbia:

• Sberbank
• NLB Bank
• OTP Bank
• Mirabank
• Bank of China
• Halkbank
• Raiffeisen
• Intesa
• UniCredit
• Credit Agricole
• Erste Bank
• Addiko

If you are not sure which of them will suit your needs best of all or you don’t want to spend a lot of time seeking information and comparing the terms offered, you can click on the above link and request an expert to help you with the choice.

Are you interested in this combo? You can follow the above link to read much more (the documents you need and the costs involved, for instance). Feel free to talk to an expert using the live chat: we have other combos that are sure to satisfy your needs!