Belize is most popular for two main reasons – the Great Blue Hole and offshore banking. Unlike Singapore and Switzerland, Belize isn’t the most recognized offshore banking jurisdiction however Belize banks pay special focus on international investments, asset protection and complete confidentiality from creditors. So, if you wish to set up an offshore bank account for privacy Belize is the best place currently.
Setting up an offshore bank account in Belize is quite easy and simpler than other jurisdictions. You can easily request an applications forms from any of the Belize banks, you will receive information related to your mail. There are several types of accounts like saving accounts and demand deposit accounts for both types – personal and corporate.
To set up a personal account, you need to mail the scanned copies of all required documents and, later on, send all the original documents through courier.
- Notarized color passport copy of your photo and signature
- Two reference letters from a bank you are associated with for more than 18 months including the date when account was opened, the type of business you do with the bank, average balance of your account.
- Copy of a bill as a proof of the residential address
To set up an offshore corporate account, along with these documents you need to give certain details of the company too. Such as-
- Certificate of Incorporation
- If the company is formed for more than a year a certificate of good standing to is required
- List of shareholders and directors
- Copies of share certificates and resolution of appointing directors
- Memorandum and Articles of Association
- A Belize offshore bank account delivers several benefits which are making it most preferred and popular these days.
- Money stays in US currency and is easily accessible
- Full access to online banking and customer support
- Full access to international debit and credit cards
- Easily apply for a loan and invest in business or property
- You can diversify your assets
- Conceive your wealth from regular folk with complete privacy
Lastly, if you are willing to go offshore to set up an offshore company or an offshore corporate account, you can also take assistance from a number of offshore company account service providers to make the procedure of setting up an offshore bank account in Belize simpler and easier. They can even help in your documentation process and assist you in setting up the type of bank account that best suits your needs or business goals. And remember offshore banking is not illegal if handled correctly and can even be very much beneficial to you.