REGISTRATION OF A LIMITED LIABILITY PARTNERSHIP

Definition : a Limited Liability Partnership is A form of general partnership that provides an individual partner protection against personal liability for certain partnership obligations.

A. DOCUMENTS NEEDED TO REGISTER A LIMITED LIABILITY PARTNERSHIP (LLP):

Application shall be in the form of a Declaration and submitted in duplicate. The Declaration shall contain the following:

  1. a statement that the person making or on whose behalf the application is made is a person to whom section 3(2) of the Act, applies;
  2. the proposed name of the limited liability partnership, such name to have at its end the words “Limited Liability Partnerships” or the abbreviations “LLP” or “L.L.P.”;
  3. the intended address in Belize of the registered office of the limited liability partnership;
  4. the name, home and business address and occupation of each person who is to be a partner in the limited liability partnership;
  5. the address of service of each person who is to be a partner in the limited liability partnership;
  6. the name of the designated partner;
  7. the date on which it is proposed that registration of the limited liability partnership should take effect.

The Declaration shall be accompanied by the following documents:-

(a) a declaration on oath by each natural person who is to be a partner in the limited liability partnership that he has not, for the previous three years preceding the application, been convicted of any offence involving dishonesty, dealing in illegal drugs or money laundering, whether in Belize or elsewhere;

(b) a declaration on oath by a Director, Manager or other similar official (where the person to be a partner in the limited liability partnership is a legal person) stating that the actual (but not normal) directors, shareholders and/or partners of the legal person have not been convicted of the offences referred to in paragraph (a) above, within the period specified therein, in Belize or elsewhere;

(c) the Memorandum and Article of Association, or the Partnership Agreement, if the person submitting the declaration under paragraph

(b) above is doing so on behalf of a company or, as the case may be, a partnership;

(d) particulars of each person not referred to in paragraphs (a) to (c) above who has any financial interest, direct or indirect, in the application;

(e) particulars of the person who will be in charge of the registered office in Belize, including details of the information required under paragraph (a) above;

(f) a declaration by the person who is to be the designated partner of the limited liability stating that he will comply with the requirements of sections 8, 9, 10, 11, 18, 19, 23 and 32 of the Act;

(g) a copy of the Partnership Agreement.

Along with all other document listed above application must be submitted with a FINANCIAL PROVISION OF  $250.00 Belize Dollars from a Bank or Insurance Company.  (section 7 (2) of the LLP Act)

B. COST TO REGISTER A LIMITED LIABILITY PARTNERSHIP (LLP)

1. Submission of declaration to Registrar. $250.00
2. Each document accompanying declaration. $20.00
3. Issue of Certificate of Registration $100.00
4. Statement of amendment of declaration under section 18 (1) of the Act. $20.00
5. Issue of Certificate incorporating amendment under section 18(3) of the Act. $100.00
6. Receipt pf Annual Declaration under section 19(1) of the Act. $40.00
7. Receipt of any document, and issue of any certificate, relating to the dissolution and winding up of a limited liability partnership under Part V of the Act. $100.00
8. Any other matter for which a fee is not expressly provided herein authorized under section 37 (2) of the Act. $50.00 per document/ provision of the service


N.B. ALL FEES ARE IN BELIZE DOLLARS (CORPORATE LEGALISLATION (REFORM ) ACT, 2002,  No. 42 of 2002)

For more information on Limited Liability Partnership please access the Limited Liability Partnership Act Chapter 258 of the Laws of Belize Revised Edition 2000 at www.belizelaw.org

January 2018
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