Investors who wish to open an offshore company here need to set up a bank account in Belize as per the requirements for operating an offshore from this location.
Belize bank account setup
Entrepreneurs and individuals can open a bank account in Belize that suits their offshore company formation or tax planning needs. Personal and corporate accounts may be opened with a Belize bank and the holder will need to comply with a few regulations, including a minimum initial deposit and/or monthly deposits for some types of accounts.
The following are the documents needed for most foreign investors and foreign nationals wishing to set up a Belize bank account: notarized passport copy, reference letters from a bank you have an account with, copies of utility bills (for natural persons), company documents (for Belize International companies or for other legal entities), certificate of good standing (for companies with less than 1 year of age), etc.
The minimum initial deposit for a bank account in Belize, as well as the account fees and monthly maintenance fees and transfer taxes, will depend on the chosen type of bank.
Belize is a preferred jurisdiction for offshore companies because of its banking laws that favor the account holder’s protection and privacy. There are no restrictions on currency transferred in and out of the jurisdiction and there are no exchange control policies.
We invite you to watch the following video on how to open a bank account in Belize:
Assistance for opening a bank account in Belize
One of our Belize company formation specialists can assist you once you decide to open a bank account in the country. We can provide additional information on the banks and bank branches in Belize and their offers for foreign clients.
Bank account setup is part of our Belize offshore company formation package.
You can contact us for more details on how we can help you open an offshore company in Belize.
Call us now at+248 4321018to set up an appointment with our business consultants in Belize. Alternatively you can incorporate your company without traveling to Belize.
As a BridgeWest client, you will take advantage from the joint expertize of local company formation agents and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Belize.