Banking in the Belize Jurisdiction
Even though the financial services sector in the Caribbean is going through significant changes, we continue to offer confidentiality and professional excellence and at the same time ensure that we meet and exceed strict regulatory requirements. The Belize jurisdiction continues to be an attractive international banking destination, not only for its convenient location in Central America, but also for its no tax regime which offers confidentiality, security and privacy to clients.
The commercial banks are regulated by the Central Bank in accordance to the provisions of the Offshore Banking Act. One can bank from anywhere in the world via secure internet connection, telephone or post, no need to physically travel to visit your offshore bank and with our relationship with well respected banks, accounts may be set up within 4-5 business days, once the due diligence process has been completed. Furthermore, Belize operates under British Common Law, is politically stable, is a largely bilingual population and the present currency exchange rate remains at US dollar 2:1 even after 40 years, which means your money is safe and that devaluation is unlikely.
Opening and maintaining an offshore bank account provides anonymity and personal privacy for your choice of corporate structure to help manage money, income and asset is an important element for your tax and asset protection planning. The Money Laundering prevention Act and Offshore Banking Act 1996 ensures a strictly regulated and financial services industry and its specific legislation provides deterrence of money laundering and fraud.
The following are Licensed International Banks should you wish to relocate or diversify your financial affairs:
- Choice Bank
- Caye International Bank
- Heritage International Bank & Trust Limited
- Atlantic International Bank Limited
Zetland can assist with the opening of an international bank account, online banking, card services, loans and brokerage accounts to our global investors in total confidentiality.
For further information, please feel free to contact Anju Gidwani, Director of the Belize Office (anju@zetland.biz)
|
