Open a Corporate Account with an Offshore Bank in Belize

Many offshore jurisdictions are renowned for their banking services, but Belize is considered one of the most attractive, and there are several reasons why. We consider them in this post and take a closer look at the specific services they offer.

Belize is a relatively small Central American country with an area of 8,880 square miles (22,966 km²). In addition to the mainland, Belize has about 200 islands with beautiful coral reefs that attract tourists. 

Belize offers excellent conditions for running an offshore business, but the jurisdiction is also well-known for its offshore banks, which provide impressive advantages compared to banks in America or Europe.

Besides, Belize itself is a very stable country where you can keep your savings, register companies, and take advantage of trusts to protect capital from sanctions and foreign creditors. We recommend a particular bank, hereinafter referred to as “the bank,” for the specific benefits it offers.

Companies that Can Open an Account with an Offshore Bank in Belize

Almost all foreign companies, trusts, and foundations can access the banking products of the offshore bank in Belize that we recommend. However, certain restrictions exist related to the company’s geographical location and sphere of activity.

Here are the limitations set by the most convenient offshore bank in Belize that serves corporate clients and foreign companies:

1. The bank does not accept applications for opening an account for companies registered in the following jurisdictions:

• Belarus
• Botswana
• Cambodia
• Crimea
• Cuba
• Ethiopia
• Gaza Strip
• Iran
• Iraq
• Ghana
• Liberia
• Libya
• Myanmar
• Nauru
• North Korea
• Palestine
• Russia
• Sudan and South Sudan
• Sri Lanka
• Syria
• Trinidad and Tobago
• Tunisia
• Venezuela
• Yemen

The listed countries may change depending on bank policy and international sanctions. It is recommended to check current information with consultants, as the bank may update the list of countries restricted for service.

2. The bank in Belize does not serve companies operating in the following areas:

• Pornography
• Cryptocurrency
• Gambling
• Charity
• Multi-level marketing
• Marijuana and similar activities
• Prescription drugs
• Politics
• Religious organizations
• Tobacco
• Military industry, weapons, and so on

If your company is not from a listed country or does not engage in the activities above, the Belize offshore bank in question is ready to onboard you. In most cases, it can be the best option for conducting business without an enormous tax burden or currency restrictions.

Offshore Banking Products in Belize

Private clients and foreign companies can take advantage of all the relevant offers of the proposed offshore bank in Belize. These include bank-prepaid cards for personal use, time deposits and fixed deposits, and settlement accounts in multiple currencies. 

VISA Prepaid Cards

The offshore bank in Belize that we recommend currently offers prepaid Visa cards to its customers. This product will allow you to:

• Pay anywhere in the world you see the Visa logo
• Transfer the funds between different cardholders
• Withdraw cash from ATMs around the world
• Reload it up to the amount of USD 250,000.00

And here are the fees and rates for international prepaid cards at the Belize bank of our choice for private and corporate customers:

• Account replenishment: 3% of the amount
• Annual membership fee: USD 200.00
• Refund fee: USD 40.00
• Courier delivery: Depends on the destination
• Account maintenance: USD 65.00
• Card activation: USD 3.00
• Balance request at the ATM: USD 2.500
• Withdrawals at the ATM: USD 6.00 +1%
• Change of PIN code: USD 2.00
• Purchase/Rejection of POS transaction: USD 3.00
• Inactivity fee (after 90 days of inactivity): USD 10.00
• Commission for currency exchange: 3%
• Cross-border fee: 3%

The bank may adjust its fees depending on market conditions and changes in customer service policies.

In 2020, ViaCarte, an international platform that is recognized as a leader in FinTech and offers state-of-the-art solutions, started cooperating with the bank. As a result, customers can now order new payment cards that provide the following advantages:

• Access to a hotel search and booking system with special discounts
• Search and rent of cars with special discounts
• Travel insurance and other types of insurance are available under special conditions
• A loyalty and reward program that offers goods and services for travel, lifestyle, discounts on the world’s best brands, and much more in return for the bonus points accumulated by the customer
• Finally, additional protection of assets on the account with a possibility of connecting and disabling various functions online

Available Bank Accounts

• Fixed-rate deposit (for accumulating interest)
• Corporate offshore on-demand deposit account (it is used as a standard transaction account)

The accounts can be opened in the following currencies: USD, CAD, EUR, GBP, and CHF.

Corporate account rates and terms applicable in the recommended offshore bank in Belize:

Service and transaction rates in the recommended bank in Belize

Transaction	Amount, USD
Bank transfers
Outgoing payments	100.00
Incoming transfers	10
Internal transactions between accounts	5
If the bank cannot submit an application to recipients for incoming/outgoing transactions	10.0 + foreign bank commission
Transfer tracking fee	35.00 + foreign bank commission
Cash transactions
Cash deposits (with notification 2 business days in advance)	3% of the deposit amount
Cash withdrawal (with notification 2 business days in advance)	3% of the amount
Processing of payments (checks)
Check deposit verification	USD 15.00 clearing fee for inspection plus bank charges (USD 33.00 + 1% of the check valu
Payment to a local recipient	10.0 + delivery
Bank/Cashier’s checks	25.0 + delivery
Check return	25.0 + foreign bank commission
Payment cancellation	25.0 + foreign bank commission
Verification of funds sent for encashment	50.0 + foreign bank commission
General banking transactions/services/rates
Withdrawal of funds from the initial deposit in less than 30 days	1.8% of the amount (minimum USD 25)
Accounts inactive within 24 months (annually)	10
Accounts inactive within 36 months (annually)	20
Closing the account within 6 months after opening	USD 25,00 + cost of transfer
Administrative fees
International delivery of documents by courier	USD 50 (minimum)
Courier delivery (local)	USD 10 (minimum)
Immediate statement or statement copy	USD 5
Copies and bank certification of original documents	USD 50
Reference letter	USD 25 per each document
Statement of balance or interest paid	USD 25 per each document

Bank fees may change. Please check with our consultants for the latest rates.

Documents Required to Open an Offshore Corporate Account in Belize

Below is a list of documents required to open an account for a foreign company.

ALL beneficiary account holders, signatories, directors, nominees, and company officials will have to submit:

• Filled out, printed, and signed copies of the relevant bank forms
• Color notarized copy of the travel passport or another acceptable Identification Document (pages with the photo and signature)
• Notarized copy of your proof of residence address (utility bill)

Note: This document must be no older than 2 months by the time you submit the registration package. Translation into English and notarization are mandatory.

• Reference Letter from your bank on your professional relations lasting at least a year
• Reference Letter from a professional (a lawyer, a notary, etc.) on your professional relationship lasting at least a year
• Notarized copy of the share certificate (if the company has registered shares); the Deed of Trust if the company has a corporate shareholder(s)
• Notarized Power of Attorney that gives the right to open and manage the account
• Notarized copy of the Minutes of General Meeting, the Articles of Association of the legal entity/structure
• Notarized copy of the Company’s Certificate of Incorporation
• Notarized copy of the Company’s Certificate of Good Standing (if the company has been in existence for more than one year)
• Notarized copy of Memorandum and Articles of Association/Bylaws/Operating Agreement
• Certificate of Shareholders/Subscribers

Steps Required to Open an Offshore Corporate Account in Belize

You can open a business account for a foreign company, trust, foundation, or a personal account to keep your assets in an offshore bank in Belize without visiting the country in person. Our experts will help you complete the procedure remotely, saving you time and costs.

All you need to do is take a few simple steps:

1. Contact us at in**@***********rt.com and sign an agreement to receive our consultancy services.
2. Pay for our services in any convenient way, including Bitcoin. Here is the cost of the services of opening an offshore account:

• For a company without nominees: from 3999 EUR
• For a company with nominees: from 4999 EUR

3. Prepare and hand over the documents upon request.

4. Be patient, and you’ll soon have a fully operational account that you can manage remotely.

Book a Consultation

We are happy to provide you with two options. You can have a complimentary, fifteen-minute consultation, which is best if you want to get started or learn about our service. Alternatively, you can opt for a one-hour consultation for 300 Euros, normally 500, with an expert, if you want to dive deeper.