LOCAL BANKING

Only the Central Bank authorized dealers and authorized depositories may deal in foreign currencies. Under the Exchange Control regulations, Section 43 of the Laws of Belize. Additionally, the permission of the Central Bank is requested in order to secure a loan from outside Belize which involves a foreign currency and to service repayment of foreign debt. Foreign investors are requested to register any investments made in Belize with the Central Bank to facilitate the repatriation of profits, dividends, etc. the approval from the Central Bank are easily secured for lawful and approved enterprises. Foreign exchanges accounts can be opened at local banks with the consent of the Central Bank. There are five commercial banks that serve the country of Belize.

OFFSHORE BANKING

Belize is proud to provide security and peace of mind to international clients and welcomes you and your business associates, interested in doing business, or opening an account through the services of our offshore companies in Belize. You can rest assured that the necessary offshore duties are being performed by an established and knowledgeable organization.

Offshore Banking is simply banking in a jurisdiction other than the one in which you live. Belize is a leading Caribbean offshore jurisdiction, and many visitors to Belize are intrigued about offshore banking. The growth in international travel, coupled with the increasing use of the internet to make a living or help manage businesses, have led to growing use of offshore banking and offshore trusts. Others have made the same decisions to relocate or diversify their financial affairs and open offshore accounts.

Offshore banking could have tax benefits, i.e. interest on offshore accounts and investments is paid without the deduction of tax. You may also be able to reduce your tax liability in your home country by transferring savings and investments to an offshore bank account. Added benefits include high levels of confidentiality, security and convenience, as well as global access and a credit/debit card facility so you can spend your money anywhere in the world.