Belize situated in Central America is one of the primary offshore banking jurisdictions in the Caribbean. Its reputation has progressively improved over the years and even more so after the old Banking Act was retracted and substituted with a new and better Offshore Banking Act in 1996. A Banking and Financial Institutions Act and Money Laundering (Prevention) Act was also established

The introduction of the new Acts offers clients more benefits and people can have a better sense of protection knowing that Belize is not on any of the OECD or FATF lists. Belize is known to offer exceptional security and confidentiality and is considered to be a reputable offshore haven..

Creating a bank account is very straightforward and there are many advantages for account holders. Accounts can be created with a local offshore bank or with one of the International Banks in Belize. The banks have worldwide standardized guiding principles for creating accounts; with the main one being due diligence. Minimum deposits differ by banks.

Belize is also recognized as a perfect location to form IBC’s. Most people who set up offshore banking accounts typically have a Belize IBC. Belize Offshore Company formation can take place in less than a day and gives as much advantages as offshore banking. A few of the benefits are privacy, minimization of tax, security of asset, flexibility and effortless maintenance. An offshore account is also a great protection against liability and restricts creditors’ access to your account.

Offshore banking in Belize can be very valuable; it can set off numerous prospect as well. It can provide you access to foreign currencies, e-commerce, international investments and a lot more. Click here for more information.