Get A Belize Offshore Banking License
Other than serving the local customers in the commercial banks, Belize has developed a small community of offshore banks. The Offshore Banking Act (1996), Banks and Financial Institutions Act (1995), and the Money Laundering (Prevention) Act (1996) authorized the offshore banks. However, legally these banks cannot serve the citizens or legal residents of Belize.
The two categories of Belize offshore banks
“A” Class – Unrestricted: If you are a holder of this offshore banking license, you require to maintain as well as function a business office in Belize. You can transact offshore banking business without business restrictions via the business office in Belize.
“B” Class – Restricted: Being a holder of this offshore banking license you maintain and operate your business office in Belize, but limiting the transaction to the license specified offshore banking business only. The depositors do not have the facility of checking accounts or current deposits. These offshore banks do not have the option of accepting or soliciting deposits from the general public.
Some large Belize offshore banks include:
Provident Bank and Trust: Established in 1998, this bank is the largest international offshore bank in Belize. It is capable of controlling 80% of the international Belize banking business. The bank provides its customers credit cards, online banking and other services.
Atlantic International Bank: This bank is owned by the Atlantic bank and provides great services including investment/brokerage accounts and credit cards. Located in Belize City, the bank also offers the facility of the establishment of International Business Companies (IBCs) and offshore trust services.
With the adoption of new laws and international business activities, the reputation of Belize as an offshore jurisdiction has improved recently. Today, Belize is an appealing offshore banking and haven and its economy has considerably grown.
The offshore company formation in Belize is expensive. Moreover, the offshore banking does not require submitting annual accounts or returns.
You can easily open a bank account in Belize. Most of the corporate and personal bank accounts provide online transactions. The superior privacy guidelines of Belize make it an attractive jurisdiction for you if you require transaction as well as account privacy for personal and business purposes.
If you are into legal business, banking and accounting practices then you will find the Belize jurisdiction offering you the best security and protection.
For more infomation on offshore banking choose from the list below. |
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