BELIZE INTERNATIONAL BUSINESS COMPANIES ACT
CHAPTER 270
PA RT X
Fees and Penalties
113. There shall be paid to the Registrar fees as follows:-(a) $100 upon the registration by the Registrar of a company incorporated under this Act the authorised capital of which does not exceed $50,000 and all the shares of which have a par value;
(b) $1,000 upon the registration by the Registrar of a company incorporated under this Act the authorised capital of which exceeds $50,000;
(c) upon registration by the Registrar of an amendment to the Memorandum or Articles of a company incorporated under this Act:-(i) $25 if the registration is within 30 days immediately following the passing of the resolution authorising the amendment;
(ii) $50 if the registration is within 60 days immediately following the passing of the resolution authorising the amendment;
(iii) $75 if the registration is within 90 days immediately following the passing of the resolution authorising the amendment; and
(iv) $100 if the registration is later than 90 days following the passing of the resolution authorising the amendment;
(d) $500 upon the registration by the Registrar of articles of merger or consolidation, but $700 in the case of articles of merger or consolidation that also constitute the Memorandum of a company the authorised capital of which exceeds $50,000 or that amend the Memorandum of a surviving company to increase the authorised capital from $50,000 or less to more than $50,000;
(e) $500 upon the registration by the Registrar of articles of arrangement, but $700 in the case of articles of arrangement that also constitute the Memorandum of a company the authorised capital of which exceeds $50,000 or that amend the Memorandum of a company to increase the authorised capital from $50,000 or less to more than $50,000;
(f) $250 upon the submission to the Registrar of articles of continuation for a company incorporated under the Companies Act the authorised capital of which does not exceed $50,000, and, in addition, in the case of a company that continues its incorporation under this Act before 30th April in any year, such sum as would have been payable by that company under the Companies Act if that company had not so continued its incorporation under this Act;
(g) $1,000 upon the submission to the Registrar of articles of continuation for a company incorporated under the Companies Act the authorised capital of which exceeds $50,000, and, in addition, in the case of a company that continues its incorporation under this Act before 30th April in any year, such sum as would have been payable by that company under the Companies Act if that company had not so continued its incorporation under this Act;
(h) $500 upon the submission to the Registrar of articles of continuation for a company not incorporated under the Companies Act the authorised capital of which does not exceed $50,000;
(i) $1,000 upon the submission to the Registrar of articles of continuation for a company not incorporated under the Companies Act the authorised capital of which exceeds $50,000;
(j) $100 upon the registration by the Registrar of articles of dissolution;
(k) $ 100 upon the registration by the Registrar of a resolution rescinding articles of dissolution;
(l) $25 upon the issue by the Registrar of a certificate of incorporation, merger, consolidation, arrangement, continuation, dissolution or good standing, other than at the time of the registration of a company incorporated under this Act or at the time of the merger, consolidation, arrangement or dissolution, as the case may be;
(m) $15 upon the issue by the Registrar of a copy or extract, whether or not certified, of a document or a part of a document, other than a certificate of incorporation, merger, consolidation, arrangement, continuation, dissolution or good standing;
(n) $10 for an inspection of the documents kept by the Registrar pursuant to this Act;
(o) upon restoration by the Registrar to the Register of a company incorporated under this Act, the name of which was struck off the Register:-(i) $300 if the restoration is applied for within six months immediately following the striking of the name off the Register; or
(ii) $600 if the restoration is applied for more than six months immediately following the striking of the name off the Register;
(p) $25 for the reservation of a name as provided for in subsection (7) of section 11;
(q) $10 for an inspection of each entry in the Register of International Business Companies;
(r) $500 upon submission to the Registrar of documents referred to in subsection (1) of section 93;
(s) $100 upon resubmission to the Registrar of the documents referred to in subsection (7) of section 93;
(t) $350 upon the registration by the Registrar of a company incorporated under this Act:-(i) if the authorised capital of the company does not exceed $50,000 and some or all of its shares have no par value; or
(ii) the company has no authorised capital and all of its shares have no par value;
(u) $25 upon the registration by the Registrar of a notice of
increase or decrease of authorised capital of a company incorporated under this Act, but $700 in the case of a notice of increase of authorised capital from $50,000 or less to more than $50,000; and
(v) $4,000 upon the entry by the Registrar of a statement to the effect that a company is a public investment company.
114.-(1) A company the name of which is on the Register on the 31st December in a year shall, before the 31st July of the following year, pay to the Registrar an annual licence fee as follows:
(a) $100 if its authorised capital does not exceed $50,000 and all its shares have par value;
(b) $1,000 if its authorised capital exceeds $50,000;
(c) $350 if-(i) its authorised capital does not exceed $50,000 and some or all of its shares have no par value; or
(ii) it has no authorised share capital and all its shares have no par value; and
(d) $4,000 (in addition to the licence fee payable under paragraphs (a) to (c) above) if the company is a public investment company.
(2)If a company fails to pay the amount due as the licence fee under subsection (1) by the date specified therein, the licence fee increases by 10 per cent of that amount.
(3)If a company fails to pay the amount due as an increased licence fee under subsection (2) by the 31 st October, then, the licence fee increases by 50 per cent of the licence fee specified in subsection (1).
115. Any penalty incurred under this Act shall be paid to the Registrar.
116. Any fee, licence fee or penalty payable under this Act that remains unpaid for 30 days immediately following the date on which demand for payment is made by the Registrar is recoverable at the instance of the Attorney General before a magistrate in civil proceedings as a debt due to the Crown notwithstanding the amount sought to be recovered.
117. A company incorporated under this Act continues to be liable for all fees, licence fees and penalties payable under this Act notwithstanding that the name of the company has been struck off the Register and all those fees, licence fees and penalties have priority to all other claims against the assets of the company.
118. All fees, licence fees and penalties paid under this Act shall be paid by the Registrar into the Consolidated Revenue Fund.
119.-(1) The Registrar may refuse to take any action required of him under this Act for which a fee is prescribed until all fees have been paid.
(2) The Registrar may refuse to continue under this Act a company incorporated under the Companies Act until all fees prescribed as payable by the company under the Companies Act have been paid.
