Private Account with an Offshore Bank in Belize

Belize is one of the best financial centers in Central America, and you can open a private account there remotely to take advantage of classic and innovative services and asset protection.

A Bit of History

Belize is a natural bridge between two continents where you can find a huge number of lakes and lagoons. Rainforests protect this piece of virgin nature from the excessive curiosity of man, and Caribbean hurricanes remind its people of the true owner of these lands again and again.

Belize was once home to the Mayan people, but the arrival of the Spaniards in the 16th century was to change the serene life in Belize forever. Over the next 200 years, there was an endless struggle for the territory of the country. The local Mayan people were pushed into the mountainous areas, and the main plentiful lands changed hands, starting with the Spaniards and ending with the British.

Belize was an attractive piece of land located at the strategic crossroads, so the first settlements were started there by the English and Scottish pirates. Belize was the most favorable location to raid the Spanish colonies in southern Yucatan.

Belize only became free on September 21, 1981. However, even after it gained independence, the British armed forces (1.5 thousand people) remained in the country until 1992, when Guatemala finally announced they had abandoned their claims to Belize.

The present-day Belize is different: it has turned into an advanced and developed offshore business center that offers high-quality banking services. In addition, life in Belize is rather relaxed, and the political environment is stable. The local currency is pegged 2:1 to the US dollar which makes the exchange rates very clear. Since Belize is located in the central standard time zone, it makes it easier for the U.S. customers to contact bank managers.

Opening a Personal Account with an Offshore Bank in Belize: Benefits

Here are the main reasons why you should cooperate with the reliable offshore bank in Belize that we can definitely recommend (hereinafter the bank) despite the looming 2023 crisis:

• Reliability: the bank has high liquidity ratios
• High service quality standards for non-residents
• Innovations in the financial market
• Partnerships with banks and financial partners: numerous correspondent relations with many international banks allow the Belize bank to provide asset management services in various currencies. The bank can also offer its customers a VISA debit card (provided by a U.S. partner) for international use
• Confidentiality: your bank data belongs to you only based on the Bank Secrecy Act
• Protection: Belize’s legislation protects beneficiaries and advocates for them
• Yield: the Belize bank offers competitive interest rates
• Professionalism: in 2019, this international bank was recognized as the best private offshore bank in Latin America, and this award highlights the exceptional results achieved by this financial institution.

Services of an Offshore Bank in Belize for Non-Resident Private Clients in 2023

The offshore bank in Belize we will recommend offers its clients many attractive investment products, namely:

• A fixed-term deposit for 1 to 5 years
• A demand deposit account with interest accrued
• A VISA debit card for international use

The bank will offer you to choose any of the five different currencies for your account: USD, CAD, EUR, GBP, or CHF.

VISA Prepaid Card

The Belize offshore bank offers its customers to purchase a VISA prepaid card to make settlements in different countries, and withdraw and charge the currency to or from the account.

Features of the offshore bank card:

• Up to USD 10,000.00 can be credited on the card;
• The card can be used anywhere across the world wherever you see the VISA logo (except for Russia)
• Cash withdrawals are available at any ATMs around the world
• Statement of account can be received by email

These fees may be changed at the bank’s discretion.

In 2020, ViaCarte, an international platform recognized as a leader in the fintech area that offers state-of-the-industry solutions, started cooperating with the bank. As a result, customers can now order new payment cards that provide the following advantages:

• Access to the hotel search and booking system with special discounts
• Search and rent of cars with special discounts
• Travel insurance and other types of insurance under special conditions
• A loyalty and reward program that offers goods and services for travel, lifestyle, discounts on the world’s best brands, and much more in return for the bonus points accumulated by the customer
• Finally, additional protection of assets on the account with a possibility of connecting and disabling various functions online

If you need to open a corporate account with an offshore bank in Belize, you may be interested in reading a detailed article on the procedure.

Lifestyle (Savings) Account

• The deposit can only be opened in U.S. dollars
• The minimum amount required to open a deposit is USD 1,000.00
• The deposit can be opened for a period from 1 to 5 years
• The rate depends on the deposit amount:
  • less than USD 25,000 – 0.10%
  • from USD 25,000 to USD 99,000 – 0.25%
  • more than USD 100,000 — 0.50%
• The entry fee is USD 100
• The FATCA fee is USD 250
• The monthly maintenance fee is USD 14.5

Demand Deposit Account

This deposit account allows you to withdraw funds from a bank account in Belize an unlimited number of times. Here are its characteristics:

• The deposit can only be opened in U.S. dollars
• The minimum amount required to open a deposit is USD 1,000.00
• The interest paid on the deposited amount up to USD 9,999 is 0.00%
• The interest paid on the deposited amount exceeding USD 10,000 is 0.10%
• The interest is paid monthly on the customer’s demand deposit account
• You have full access to your account information 24/7
• Monthly statement of account is also provided

Fixed-Term Deposit Account

In addition to other conventional products, the bank offers you to make a fixed-rate deposit that will allow you to yield on your money. Make your account interest rate fixed for a certain period of time that seems appropriate to you. In the end, you will get a fixed amount of income, which is convenient as you know the value of your investment.

The refund of the amount before the deadline will entail payment of commission fees in the amount of 1%. Opening a bank account with a fixed-term deposit requires a minimum opening balance of USD 25,000.

Other Belize Offshore Bank Rates for Private Clients

Service and transaction fees in the Belize bank in 2023

Transactions	Amount (USD)
Bank transfers
Outgoing payments	100.00
Incoming transfers	10
Internal transactions between accounts	5
If the bank cannot submit an application to the recipients of incoming/outgoing transactions	10.0 + foreign bank commission
Transfer tracking fee	35.00 + foreign bank commission
Cash transactions
Cash deposits (notice required 2 business days in advance)	3% of the deposit amount
Cash withdrawal (notice required 2 business days in advance)	3% of the amount
Processing of payments (checks)
Check deposit verification	USD 15.00 clearing fee for verification plus bank charges (USD 33.00 + 1% of the check value)
Payment to a local recipient	10.0 + delivery
Bank/Cashier’s Checks	25.0 + delivery
Check return	25.0 + foreign bank commission
Payment cancellation	25.0 + foreign bank commission
Verification of funds sent for cashing	50.0 + foreign bank commission
General Banking/Services/Rates
Withdrawal of funds from the initial deposit before expiration of 30 days	1.8% of the amount (minimum USD 25)
Account inactive within 24 months (annually)	USD 10
Account inactive within 36 months (annually)	USD 20
Closing the account within 6 months after opening	USD 25.00 + cost of transfer
Administrative fees
International delivery of documents by courier	At least USD 50
Courier delivery (local)	At least USD 10
Immediate statement or statement copy	USD 5
Copies and bank certification of original documents	USD 50
Reference letter	USD 25 per document
Statement of balance or interest paid	USD 25 per document

How to Open a Personal Account in the Offshore Bank in Belize

1. Tell our experts that you want to open an offshore account (chat with the online operator or use the contacts indicated above the portal page).
2. Sign a consultancy agreement.
3. Pay for assistance in opening a personal account using PayPal, Western Union, WebMoney, Bitcoin, or a bank transaction. The cost of our service is €2,999.
4. Prepare the documents and transfer them to our specialists to complete the procedure for opening a personal offshore account on your behalf:

• completed, printed and signed copies of the application to the bank to open an account
• a notarized color copy of your passport (pages with a photo and signature)
• a notarized proof of residence address outside Belize or Central America (utility bill or bank statement)
• a bank and professional recommendation for each account signatory

1. Wait for the reply of our experts and get access to your personal bank account in no time.