Banking in Belize

Belize is a relative newcomer in the field of international financial services with the introduction of International Business Companies Act 1990. International banking laws were first promulgated with the passing of International Banking Act,1996. The Offshore banking sector is categorized into 2 classes: - Class “A” unrestricted license and Class “B” restricted license permitted to only international banking services specified in its license.

Two major regulatory bodies monitoring financial sector are Belize Central Bank and Belize International Financial Service Commission (IFSC). There are several types of financial institutions in Belize: domestic commercial banks, credit unions, offshore Class A banks, offshore Class B banks. Belize financial system is quite small, consisting of 5 domestic commercial banks, 6 international banks, a mutual fund, 14 credit unions and 17 insurance companies. Belize banks maintain a very high liquidity ratio at 24 percent, one of the highest in the world. To compare, most banks in the US only reach 3-4% liquidity ratio. The higher, the better.

A Belize bank account can be opened remotely without a signatory travel. In addition, bank account deposit is quite low and reasonable, so you don’t need a lot of money to bank there.

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Open a Bank Account for Belize Company

Note: Our banking support fee does not include the fee for bank account application or any other required fee (if any) chargeable by the bank you choose to apply.

Order Banking Support Separately

US$499*

* This fee is only for customers who have already used our company formation service

Order Package that Includes Banking Support

US$400

Save US$99 when ordering Standard or Premium Package

What Included in Our Fee

  • Consultancy on best-suited bank options for your business needs
  • Consultancy and review on the application process and document preparation
  • Support for preparing certified documents when needed – i.e., Certificate of Incumbency and Courier hard copy
  • Appointment arrangement with banks
  • Dedicated support team available for banking-related questions
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Why Our Service is Unique

  • One-time fee for multiple bank applications with premium package (if you fail to open bank account in one bank, we continue to assist you on applying for other banks, without extra charge)
  • The most competitive price that you can find
  • Support for opening a Belize bank’s bank account remotely
  • A proven record of over 12 years of experience with international banks
  • Prompt response and step-by-step guide to application

Need more references? Here is a Banking Tool to make your decision easier!

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Required Documents

The below list will give you a good reference on general required documents to open a bank account for Belize Company. However, each bank might require other additional documents based on your circumstance.
  • Bank account application forms
  • Bank statements
  • Bank reference letter
  • Certified copies of passports, proofs of residence for all directors/shareholders
  • Business plan
  • Business trading proofs (sales/purchase orders, invoice…)
  • Certified copies of Belize company incorporation documents
  • Government certification of company good standing status.

Please contact us to know the exact documents needed for opening your Belize company’s bank account.

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