BELIZE OFFSHORE BANK
The Belize offshore bank is the biggest bank in Belize. It offers bank accounts for Belize offshore companies and companies, registered in other tax havens, managed and owned by foreign nationals. The bank also has online banking facilities, offshore cards (debit and credit cards), offshore merchant accounts and brokerage.
I•O•C provides quality, competitively-priced Belize bank account openings. We guide you through the entire process; consult you regarding the products and services offered by the bank; prepare relevant bank forms and communicate with the bank on your behalf during the account opening procedure. Once the account has been set up, you will deal with bank directly.
The Belize Bank* is the first and oldest continuous banking operation in Belize. Its total uninterrupted banking operation exceeds 100 years. They do have over 710 million dollars in assets and 122 million dollars of capital reserves. The bank's market share in the local banking industry is close to 50%.
BELIZE BANK ACCOUNT
The bank offers the following services:
- Online banking
- Accounts maintained in US dollars, Euros, Pound Sterling, and Canadian dollars
- The minimum balance required to open an account is US$1,000.00 or its equivalent.
- Offshore Debit Cards, connected to your account (Personalized or Anonymous)
- Offshore Secured Credit Cards:
Visa Credit Card and MasterCard Standard, the minimum credit limit is US$500.00 and higher in multiples of $500.00.
Corporate Visa Gold Credit Card: credit limit from US$5000 to US$25,000 in multiples of $1000.00.
A security deposit in an amount of 150% of the credit limit is required for any credit card type.
- International (wire) transfers
- Multi-currency banker's drafts
- Offshore brokerage services
- Term Deposits, minimum of US$25,000.00
- Multi-currency payment processing standby and documentary International Letters of Credit
- Offshore merchant accounts
The bank is able to open accounts for Belize Offshore Companies and companies incorporated in most other offshore jurisdictions. We would recommend opening an account using a Belize IBC company as this saves on certification procedure and is generally faster and more consistent.
Each principal of the company (director, shareholder, beneficial owner, signatory) must provide the following due diligence documents:
- Original bank reference
- Character reference from an accountant or a lawyer
- Original proof of address
- Notarized passport copy
ACCOUNT OPENING PROCESS
The Belize bank account opening process starts with us sending you a questionnaire and a list of due diligence documents required by the Belize bank. Upon receipt of the filled out questionnaire from you, we proceed to complete the relevant application bank forms, while communicating with the bank regarding your profile.
The completed forms are then sent to you for signing, while we legalize copies of corporate documentation, etc. You then send us the signed forms along with your due diligence documentation. We further proceed to courier the entire application to the bank, while communicating with them to make sure, the Belize account is being opened on time, and all further requirements are being met.
Upon completion of the account opening, the Belize bank will issue the relevant account numbers for wiring the initial deposit. At this point, you can start interacting with the bank directly.
*(the exact name of the bank is omitted for confidentiality reasons).
Send us an email or call to enquire about various optional Belize services and to obtain information about other offshore banking solutions.