Economic Substance Classification

WHETHER A COMPANY IS CARRYING ON A RELEVANT ACTIVITY IN BELIZE.

 The directors, shareholders and/or owners as well as Registered Agents for their clients/customers (as appropriate) of all relevant legal entities are under an obligation to ensure they have classified their entity and understood its obligations under the economic substance law. The International Financial Services Commission and the Tax Authority in Belize, are the competent authorities for this regime,  will expect to see documentary evidence of the basis of the entity’s classification on the files held and maintained by the entity or the entity’s registered agent.  Entities is expected to file forms relating to their classification with the IFSC.  

To determine if your entity is conducting a relevant activity, CNETLY has developed an innovative legal technological product, the Economic Substance Classification Solution.

WHAT IS OUR ECONOMIC SUBSTANCE CLASSIFICATION SOLUTION?

 CNETLY’s Economic Substance classification solution provides a cost effective way for Belize entities to demonstrate formally that they have considered their position under the economic substance legislation and determine whether they are conducting a relevant activity.  The automated classification solution provides tailored bespoke professional advice, signed by respected and experienced professionals, for a cost-effective flat fee and is generated instantly after your completion of an interactive questionnaire.