How to open an offshore bank account in Belize?

It is a simple process to open an offshore bank account in Belize and, in most instances, can be accomplished from home without visiting the country. The essential step is to select a serious bank, including Caye International Bank, Heritage International Bank, or Belize Bank International, which are all regulated by the Central Bank of Belize. 

These banks require an opening deposit of USD 1,000 to USD 4,000, far lower than in most other jurisdictions. The needed documents are a copy of notarized passport, proof of address (utility bill), a bank reference letter, and, in case of companies, such as Certificate of Incorporation and Memorandum and Articles of Association. Companies with an age of more than one year may need a Certificate of Good Standing. Know Your Customer (KYC) and anti-money laundering (AML) screening are mandatory, ensuring transparency under regulations like the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS). Several currencies can be accepted for opening accounts, i.e., USD, EUR, and GBP, with online banking facilities for convenient maintenance. It usually takes approximately 3 weeks after document submission, with fees like application fees (USD 100-175) and monthly maintenance (USD 19.50-30).

Offshore Company Corp provides customized services to facilitate the account-opening procedure according to the rules and regulations of Belize for optimum financial benefit. Contact their representatives to learn how a Belize international bank account can benefit your business or personal financial strategy.