Belize’s modern international (offshore) banking legislation provides for a sound regulatory structure, making it attractive to reputable entities.A Belize international (offshore) bank is licensed under Belize’s International (Offshore) Banking Act, 1996, to carry on international (offshore) banking business exclusively with non-residents of Belize.
A Belize International (Offshore) Bank can carry on the following activities within Belize
establish, maintain, and operate a business office in Belize;
transact international (offshore) banking business through its business office in Belize either as a Class A or Class bank;
transact international (offshore) banking business with Belize Export Processing Zone or Commercial Free Zone entities.
Competitive Advantages of having a Belize International (Offshore) Bank Taxation
A Belize International (Offshore) Bank is exempt from …
stamp duties on Bills of Exchange and promissory notes payable on demand and any other documents, instrument or certificate executed by or in connection with an international (offshore) banking business.
all forms of taxation in respect of any dividends, interest or other returns from any shares, securities, deposits or other borrowings or any assets or property managed;
all forms of taxation on its profits and gains, or upon any interest or dividends earned in respect of international (offshore) banking business carried on from within Belize;
Exchange Control
A Belize International (Offshore) Bank is not subject to exchange control regulations.
Confidentiality
It is an offence to disclose any information relating to the affairs of a licensee or any customers of a licensee except where such information is:
lawfully required or permitted by order of a Belize Court;
voluntarily given with the authority of the licensee or a customer, as the case may be;
disclosed by the Central Bank of Belize to a banking regulatory or supervisory authority outside of Belize where such information is considered necessary for the authority to exercise functions similar to those of the Central Bank of Belize.
International (Offshore) Banks
Our professional staff’s consistent and rigorous approach enables greater efficiency of the international (offshore) banking license application process.Let us help you maximize your focus on your most important goals.
Our services include:
experience-based advice on the procedures and requirements for establishing an international (offshore) bank in Belize;
knowledge-based assistance with the preparation of application for Class A or Class B international (offshore) banking licence;
representational filing of application for Class A or Class B international (offshore) banking licence;
proactive interchange with Government agencies in Belize throughout the application process;
tailored ancillary services to assist your integration into the Belize marketplace, including: pre-audits, choosing suitable office space, facilitation of brokerage services, executive selection and search, assurance and business advisory services.
For more information on our international (offshore) banking services, please contact us at the following address:
Global Formations and Management Limited Jasmine Court, Suite 201 35A Regent Street P.O. Box 756 Belize City, Belize Tel: +501-227-3291 Fax: +501-227-6072 E-mail: info@globalformations.com Contact Persons: Stanley Ermeav or Lisa Zayden
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