How to open a bank account for Belize companies
Having a business bank account is vital in managing your business finances. Here are some potential options:
Application with local banks in Belize
Belize is a relatively newcomer in international financial services, only since the introduction of the International Business Companies Act 1990. Subsequently, the framework for international banking was established with the enactment of the International Banking Act in 1996. Despite its relatively small size, Belize's financial system comprises various entity types, including 5 domestic commercial banks, 6 international banks, 1 mutual fund, 14 credit unions, and 17 insurance companies.
The key regulatory bodies overseeing the financial sector are the Belize Central Bank and the Belize International Financial Service Commission (IFSC).
Opening an offshore bank account for your Belize business
If you're seeking a more convenient option, consider opening an offshore bank account for your Belize business. There is no need for signatory travel, and the initial deposit amount required is reasonable.
At BBCIncorp, we offer a variety of choices, from local to offshore banking, catering to your company's needs and simplifying the process of setting up a business account.
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
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's Included In Our Fee
- Consultancy on best-suited bank options for your business needs
- Consultancy and review of the application process and document preparation
- Support for preparing certified documents when needed – i.e., Certificate of Incumbency and Courier hard copy
- Appointment arrangements with the bank(s)
- A 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 a bank account in one bank, we continue to assist you in applying for other banks, without extra charge)
- Affordable and efficient pricing plan
- Support for opening a Belize bank account remotely
- A proven record of over 12 years of experience with international banks
- Prompt response and a step-by-step guide to the application
Need more references? Here is a Banking Tool to make your decision easier!
Try NowRequired Documents
Application forms
Bank statements
Bank reference letter
Certified copies of passports, proofs of residence of all directors/shareholders
Business plan
Business trading proofs (sales/purchase orders, invoices…)
Certified copies of your Belize company incorporation documents
And government certification of company good standing status
Additional supportive documents beyond the listed above might be requested to open your Belize company bank account depending on each local regulation, your business fields, and on a case-by-case basis.
Please get in touch with us to know the exact essential documents for your case.