How to open a bank account for Belize companies
Having a business bank account is of vital significant in managing your business finances. To open a business bank account for your Belize company, you may go for the following ways:
Application with local banks 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.
Opening an offshore bank account for your Belize business
You can open remotely without a signatory travel, bank account deposit in such overseas banks is also quite low and reasonable.
BBCIncorp offers a variety of choices, ranging from Belize banking to offshore banks, which can help to accommodate different business needs.
Wonder which can be the best bank for your Belize company? Let's find out with our Banking Tool
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
* This fee is only for customers who have already used our company formation service
Order Package that Includes Banking Support
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
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!Try Now
Key Documents on Your Part
Getting your company up and running quickly depends on how early we receive key documents, so help us help you!
What we need from you:
Bank account application forms
Bank reference letter
Certified copies of passports, proofs of residence of all directors/shareholders
Business trading proofs (sales/purchase orders, invoice…)
Certified copies of Belize company incorporation documents
Government certification of company good standing status