Purchasing property in Belize requires diligent title searches to be conducted to ensure purchasers that the property being purchased is not subject to any liens or encumbrances including but not limited to a registered mortgage or caution.

Title Search
Title searches are made to ensure purchasers that the property being purchased is in the vendor’s name and is not subject to any liens or encumbrances including but not limited to a registered mortgage or caution against the title which prevents a transfer to take place. Title searches lets us know if there is any existing challenge to the title that is unknown to the vendor, such as strangers living on the property and are claiming rights to the property.

Types of Land Title
In Belize there are various types of land title which can lead to potential complexities. These different types of land titles are:

• Deeds of gift
• Indentures
• Transfer certificate of title
• Registered land titles
• The Torrens system
• First certificate of titles
• Titles by prescription
• Strata titles
• Minister’s Fiat grants or leases. 

 
To ensure the legitimacy of land transactions and/or authenticity of Land documents, we check at Lands Registry to confirm ownership of parcel. We also request an abstract of land title when necessary and then we cross-reference it at the land Registry in Belmopan. Investigation of title property at such registries may be necessary depending on the type of property title. We also make payments on your behalf of all requisite government fees; including property taxes, stamp duty, recording and/or registration fees. We attend to recording and registration of conveyance/ transfer documents at the appropriate registry. We provide necessary services as may be required to affect the Real Estate purchase/sale transaction.
 
Buyer/Seller Agent Services Offered Are:

• Negotiation of sales price, terms and conditions, and costs.
• Property title search, abstract of title
• Review of title information
• Market valuations
• Requisitions of title documents
• Tax information, we assist in verifying that all property taxes have been paid.
• In the case of condominiums that all associations fees have been paid prior to transfer
• Monitoring of timelines​

Mortgage Release
For mortgage release we offer the convenience of getting in touch with the financial institution to obtain the relevant information of your particular mortgage, prepare the discharge documents needed for the release. We verify the stamp duty amount to be paid and we make payment on your behalf. We record the release at land registry, pay the registration fees in Belmopan and then we monitor the time line to obtain your property title at the earliest time possible.    
 
Will/Grant of Probate/Succession
The Wills Act, Chapter 203 and the Administration of Estates Act, Chp. 197, Laws of Belize guide estate Planning and succession. For a will to be valid, it must be in writing and signed by the testator before two independent witnesses.  Depending on whether an individual was appointed personal representative via the testators will or whether he died intestate the “executor” or “executrix” is appointed to obtain the Grant of Probate or Letters of Administrator which entitles the personal representative to distribute the assets of the deceased to those who are entitled, pay the testators debts and funeral expenses. In instances where the executor is not a resident in Belize, he/she must appoint a local agent, by way of a power of attorney, to apply for the Grant of Probate or Letters of Administration on his/her behalf.
 
Probate and succession requires a process of application to the Court, publications in the Gazette and newspapers and varies depending on the location, value of properties as well as the beneficiaries. Let Forward Enterprise be your guide to successful estate planning and succession. 

Local Company Formation 
The formation of limited liability companies is supported through the Companies Act, Chapter 250 of the Laws of Belize. Once structured properly within the memorandum of association, local companies may conduct a wide range of activities and services and also enjoy asset protection, tax minimization and confidentiality.
 
All local companies are required to file annual returns, which is a service we offer as registered agents, to reflect the updated details of the directors and shareholders. Our fees for the formation of a local company is as follows:

Processing Fee for Local Corporation:             US$300.00
Administrative Fee:                                              US$ 25.00
Application for Central Bank Approval:           US$25.00
General Sales Tax (12.5%):                                    US$ 43.75
Total Processing Fees:                                          US$393.75
Incorporation & Filing fee to the GOB:             US$300.00 
Total Fees:                                                               US$693.75
 
 A company is typically formed within a week of receiving the requisite Central Bank approval needed for non-residents. 
 
Forward Enterprise offers a wide range of services making it a one stop store for all your service related needs. In addition to real estate, estate planning and land registry services we also offer:

• Registration of Business (Chp. 247 of the Laws of Belize)
• Local Company Formation (Chp. 250 of the Laws of Belize)
• Trade Licenses
• General sales tax Registration
• Monthly payment of general sales tax
• Annual payment of property tax

 
Contact us for more information, comments and questions. We will use your contact information to communicate with you and will not distribute it to any third party. We do not store nor will we sell your personal details at any time. We will not engage in activity or structures designed to avoid or evade any legal obligations even if technically legal and possible.

          Helping you make the right move
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