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Our company also assists with opening personal bank accounts.
This offer is valid until March 20, 2017.
About the Bank
This bank is one of the largest bank in Belize. It offers a full range of banking and financial services to both domestic and international customers.
The bank started his business in 1971 and opened its international branches for serving non-resident customers in 2001.
Currently the bank has over 650 million dollars in assets and about 30% market share in Belize banking industry.
Banking Secrecy and Tax Treaties
Banking secrecy in Belize is strictly enforced by law. Belize authorities have no direct access to bank information. Court order is required to get such access.
Belize has in 12 signed and ratified double tax treaties with United Kingdom, Barbados, Antigua and Barbuda, Saint Kitts and Nevis, Trinidad and Tobago, Saint Lucia, Grenada, Jamaica, Guyana, Saint Vincent and the Grenadines, Dominica, Austria.
Belize also has 12 signed and ratified Tax Information Exchange Agreements (TIEA) with Netherlands, United Kingdom, Australia, Greenland, Finland, Iceland, Denmark, Faroe Islands, Norway, Ireland, France and Mexico.
The TIEAs with Belgium, Sweden, Portugal and Poland are pending ratification.
Required Corporate Documents
All required corporate documents are prepared and submitted to the bank by our Belize agent.
Required Personal Documents
The bank requires the following personal documents from each beneficial owners and authorized signatories:
Our clients, who use the bank introduction services are not required to visit the bank in person.
Client has to send his personal documents and completed and signed bank forms to our Belize office. The office submits the application to the bank and monitors the account opening process.
The minimum amount required for the establishment of a current account is US$1,000. When the account is opened, a client receives an email from our company confirming account details.
The bank does not have a specific deadline for the initial deposit. However, our company recommends our clients to send their initial deposits within one month.
Upon receiving the initial deposit the bank makes the account active and ready for business.
A minimum balance of US$1,000 is required to be maintained at all time. Monthly fee of US$25.00 is charged if the balance falls below US$1,000.00.
The bank offers advanced online banking including:
Clients have access to their accounts 24/7.
Debit and Credit Cards
The bank offer Visa and MasterCard credit cards. Debit cards are not available.
A security of 125% of the card's credit limit is required to be deposited into a collateral account before the card is issued. Credit cards may be used at ATMs, POS terminals, and for online purchases.
You may choose to have your personal name only, company’s name only, or both appear on the card.
The bank usually opens a corporate account in 1 to 2 business days after receiving completed application forms, corporate and personal documents and verification of clients personal documents and business information.
The bank opens accounts in USD and issue credit cards in USD.
Bank Account Fees:
Credit Card Fees:
Feedback of Our Clients
Our company introduces its clients to the bank and constantly monitors clients experience with the bank's services.
The bank's new client acceptance rate is around 98%. About 2% of applications are declined due to inability of the clients to provide required personal documents or confirm their references.
Our clients, who have accounts with the bank have high level of satisfaction by the banks services. Especially, they admit excellent online banking system, which is very user friendly and reliable. Clients also like that the bank informs about each transaction via email.
Our company highly recommends this bank.