Sep 29, 2016

Personal Account Opening With A Well Regulated Belize Bank That Accepts US Citizens And Low Minimum Deposit.

The Offshore Pro Group offers you the ability to open a personal account in Belize with a bank that offers the following benefits:

  • Well regulated offshore bank
  • Remote account opening – no need for you to visit the bank
  • Low minimum deposit
  • Accounts available in major currencies
  • US citizens accepted
  • Good range of financial products
  • Secure online banking

Contact us via email for totally professional advice about opening a private account with this bank in Belize. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.

Belize As An Offshore Jurisdiction

Belize is bordered by Mexico to the North and Guatemala to the south and west on the Eastern coast of Central America. The country has a rich heritage and it both modern and dynamic. Belize is a member of the British Commonwealth and also a member of the IMF, United Nations and the WTO.  The currency of the country is the Belizean dollar which is tied to the US dollar at a rate of 2:1. It is a parliamentary democracy.

Belize exports agrarian goods and relies on tourism for its main revenue and its economy is stable. The Belizean economy is growing and the country is both socially and politically stable. There are very strict privacy laws in the country and it is a low tax jurisdiction. No banking details will be presented to parties from overseas without the issuance of a court order.

Belize was top of recent jurisdiction ratings that have been issued by New offshore jurisdiction ratings which have been issued by Guaranty Trust Ltd, a Swiss company, and these ratings have been compiled taking into account a number of factors such as banking secrecy, tax regime, legal system and communications.

The government of Belize have a very strong aversion to illegal activities including money laundering. The Money Laundering Prevention Act was passed in 1996 and as a result very strict measures are in place to make sure that any illegal activities are not undertaken by banks and other financial institutions in Belize. The Central Bank of Belize regulates the banking sector in the country. The Central Bank and the government of Belize are working hard to strengthen relations with the USA and comply with the disclosure regulations that the US government has imposed through FATCA.

There are strict financial ratios applied to the banks in Belize by the Central Bank. Every bank has to meet a liquidity requirement of a minimum of 24% and have an adequacy ratio of a minimum of 9%. Belize has a growing economy, a stable currency as well as social and political stability and combined with the strict regulations makes the jurisdiction a smart choice for the protection, diversification and enhancement of your assets.

Protect Your Assets In This Private Belize Bank

This international bank was formed in 2003 and has been granted a Class A license by the Central Bank enabling it to provide non-residents of the country with international banking services. The bank has a Code of Business Conduct and Ethics that has been put in place to ensure a high standard of business practices and ethical behavior from all of its employees right up to the chairman.

The bank is very strong on client relationships and believes that they are built on trust. They will want to discuss your financial aspirations with you and get to know your banking habits in order to serve you in the best way. They will always uphold client confidentiality and protect your banking information. Information will not be disclosed unless authorized by you or through a court order.

The liquidity requirements and the adequacy ratio that has been imposed by the Central Bank have been exceeded by this bank. There is no over speculation of client funds which means that you can be assured that the bank offers a safe place for you to deposit your capital.

The goal of the bank is to provide the very best personalized service that includes banking, the management of your assets and the provision of investment services. The employees at the bank are well trained, have a lot of experience and are very professional. They will always be prepared to discuss your financial requirements and provide the best solutions

Private Banking Services Provided By This Belize Bank

You will be able to open a non-resident personal account remotely with this bank, so there is no requirement for you to travel to Belize and meet bank representatives. After you have opened your private account you will be able to use the many financial services and products that this bank can offer you.

Traditional and non-traditional accounts and banking services are on offer and you can have a foreign currency holding account that can be in US Dollars (USD), Swiss Francs (CHF), Euros (EUR), British Pounds Sterling (GBP) or Canadian Dollars (CAD).

Fixed term deposits are also available to you and the investment terms are one to five years. These accounts are in US Dollars and the interest rates are good. The minimum required deposit for fixed terms is 25,000 US Dollars (USD). Interest can be paid monthly or quarterly into your current account or transferred to another bank if this is your wish.

You can open either a demand deposit account or a Lifestyle account with this bank. Both of these accounts will pay interest and with the demand deposit account there is an interest payment made when the account reaches 10,000 US Dollars. For the Lifestyle account the balance has to be at least 25,000 US Dollars but there are two tiers of interest and they are more generous than the demand deposit account. These accounts are only available in US Dollars.

Personal loans, as well as mortgage loans for real estate purchases are also available from the bank. There are flexible terms and repayment schedules available and the interest rates will vary dependent upon the loan currency that is used.

A pre paid MasterCard can be applied for that provides a convenient and secure way to make purchases and withdraw cash from ATM’s across the world. The card can be preloaded up to a maximum of 10,000 US Dollars and card holders can create transfers between them.

A free and secure online banking service is provided by this bank so that you can access your accounts from anywhere and at any time. All you need is a computer or mobile device with an Internet connection and you can check your account balances, view your current statements and previous statements, transfer funds between accounts and get a detailed history of all of your transactions.

The minimum deposit required for a private bank account is only 500 US Dollars (USD). There is no minimum maintenance amount required with a either a demand deposit or a Lifestyle account but we recommend that you hold a minimum to cover bank charges. This is a very low deposit requirement and is a significant benefit as other offshore banks will demand a lot more.

The transaction and account fees that the bank charges are always subject to change, it is important that you check the current fees with your Offshore Pro Group international banking consultant. If you are interested in receiving the very best rates, you can state that you require beneficial international banking fees when you complete the international bank selection form.

Please Follow This Process To Open A Private Account With This Bank In Belize

In order to be successful in opening a non-resident personal account with this bank in Belize it is essential that you follow this step by step process:

  1. Contact us via email for totally professional advice about opening a personal account with this bank in Belize. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.

It is vital that you fully understand the risks of non resident banking in today’s climate and strongly consider opening a second foreign bank account.

  1. We will provide total professional assistance to you in opening a private account at this bank in Saint Vincent, and for this you will need to pay a fee of 2999 EUR. You can pay by credit card, bank transfer, Money Gram, Western Union, Web Money or even Bitcoin.
  1. The bank will require all proposed account signatories to supply certified documentaion in English (or translated into English) to open a private account. You will need to provide:
  • A certified (notarized) color copy of the passport (the page that has the photograph and signature)
  • An original utility bill (which is less than two months old) or a bank statement that provides proof of address.
  • A bank reference letter according to the sample provided by the bank. References must be less than 6 months old
  • A professional reference letter according to the sample provided by the bank. References must be less than 6 months old

Once you have submitted all of the required documents we will check them thoroughly and pass them on to the bank as quickly as possible. You will need to wait for up to 15 business days for your Belize private foreign account to be opened at the bank.

To begin the process of opening a private account at this Belize bank, please contact us by email