With the anticipated launch of the Online Business Registry System (OBRS), do you have a Licensed Registered Agent?
The Belize Companies and Corporate Affairs Registry (BCCAR) is expected to implement their new digital transformation of company registration, the Online Business Registry System (OBRS) in December 2022. This system boasts to be a secure web-based solution that facilitates all functions of BCCAR, integration capability with other “starting a business” entities and a modular system to allow for future growth. Some of its key features are online registration of all business entities, post-registration services, electronic filling. With the launch of this eagerly anticipated best-in-class online registry, all the companies incorporated under the Companies Act, Cap 250 and the International Business Act, Cap 270 will need to be re-registered. Companies that have been registered as overseas companies under Cap. 250 will have to be re-registered as a Foreign Company. Once registered companies will be issued a new unique 9-digit company number and a verified E-certificate. Businesses with a Licensed Registered Agent in Belize will be in a better position to comply with the new legal reporting obligations and re-registration process.