NO HIDDEN CHARGES

We believe in clear and transparent pricing. The price advertised will be the price you pay.

STREAMLINE SERVICE

All orders are processed instantly. Companies are ready to trade within 24 hours.

26 YEARS' EXPERIENCE

Our team has vast experience when it comes to forming companies.

Offshore Bank Accounts in Belize – Offshore Banking

It used to be that only the richest of the rich and big corporations had an interest in offshore banking. However, with the increased use of the internet and international travel becoming both easier and more affordable, offshore banking has become more popular than ever before to manage your assets, your finances, and income.

What exactly is legal offshore banking?

At its most basic, it means that you are banking and taking care of your financial affairs in a country other than the one that you claim citizenship or live in. Many people have made the decision to diversify or relocate their affairs to another country and open an offshore account. One of the preferred places for people to do their offshore banking is Belize.

Why do people bank offshore in Belize?

The reason for this is that offshore banking often brings tax benefits. One of the best examples of this is that any interest you earn on your investments and offshore accounts are paid without taxes being deducted. It may even be possible to reduce tax liability in your own country by transferring investments and savings to an offshore account. It is also interesting to note that Belize is the only country in Central America where English is in fact the official language. As you can understand, this makes it much easier to communicate with your offshore bank and means that you should not have a problem getting any questions answered.

Would I have to travel to Belize often?

You do not have to physically visit your offshore bank. You can bank anywhere in the world as long as you have an internet connection. You can even bank by phone or by mail. The reason that people prefer Belize is because it is relatively close to the United States, in fact it is located only a little over two hours from Belize City or Cancun. This makes it much easier to plan a trip to your Belize bank and leaves people feeling more secure. There is no need to worry about not being able to take money out because you get an ATM card that provides access to your account in Belize throughout the world.

So is this legal to do?

It is in fact absolutely legal. Both companies and individuals from around the world have legally and routinely used offshore banking. Because international trade is encouraged by many countries, the only limit that one may encounter is when a country limits a person having bank accounts in a different country.

What about privacy?

Belize is independent, has very strict privacy laws. This means that information that is provided to Belize stays private. With so many clear benefits, it should come as no surprise that Belize is the preferred location for offshore banking for so many. It has been so for years, and expected to be so for many more.

The Process

With the world in economic crisis and governments thinking up new schemes to get their hands on your cash, more companies and individuals are looking to Belize as one of the safest offshore jurisdictions to move their assets. In Belize, several banks offer offshore bank accounts. These are Atlantic International Bank, Caye International Bank, Heritage Bank and Belize Bank International. You can have your account opened in USD, EUR, or GBP. Offshore bank accounts are safe to operate; privacy in the Belize banking system is second to none. There are a variety of reasons behind the decision to establish an offshore account. Usually, one of the main reasons is to move cash from politically and economically unstable countries to a safer place, and Belize is a stable and safe offshore jurisdiction. Belize is the most desirable banking jurisdiction in the world. Belize’s stable business environment, with English as the official language in the country, makes offshore banking in Belize much easier than most other offshore jurisdictions. Banks here are overloaded with applications from legal entities and individuals willing to open their offshore bank accounts. By opening an offshore bank account in Belize, you will have safety and security in case of financial crisis in the country of your residence.

But safety and security are not everything. Banks in Belize offer banking services and products that might not be available to you at home. Opening an offshore bank account is straight forward, but may take months for anyone doing so without professional help. As a licensed Registered Agent in Belize, we can assist your business in opening an offshore bank account in one of the reputable banks. There is no requirement to be in Belize physically to open an offshore account here. Normally, banks require these documents:
1. Bank application form (we will provide those);
2. A signature sample card (we will provide the card for you to sign);
3. Copy of your passport, certified by a notary public;
4. A bank reference letter from any bank with whom you have had a personal bank account for over 2 years;
5. Copy of your utility bill, certified by a notary public as proof of your address;
6. Character reference letter from either an accountant or lawyer, who has known you for 2 years or longer.
So, if you buy our bank introduction service, we will proceed with the account opening process, once your offshore company is incorporated and we have received all those documents listed above. Approval process takes from 3 days to 14 days, depending on the chosen bank and your personal circumstances. Once your bank account application is approved, you will receive a welcome letter from the bank and request to deposit an initial payment to activate the account. Initial payment varies from bank to bank. When the bank has received your initial payment, your new offshore bank account is fully activated, and you may operate it as normal.