Belize Offshore Banking License
Belize offshore banking legislation allows a sound regulatory structure, making it appealing to recognized companies. According to the Banking Act 1996 of Belize, the offshore bank is licensed to provide banking services exclusively with non-resident of the country.
Offshore banks can undertake this business within Belize:
- Set up and operate a business office in the country
- Carry on international banking transactions through the Belize office, as Class A or Class B
- Carry on international banking transactions with Belize Export Processing Zone or Commercial Free Zone entities.
Belize offshore banks are exempt of the following taxation liabilities:
- stamp duties on Bills of Exchange and promissory notes payable on demand and any other document, instrument or certificate executed by or in connection with international banking businesses
- All forms of taxation in respect of any dividends, interest or other returns from any shares, securities, deposits, or other borrowings or any assets of property managed;
- All forms of taxation on its profits and gains, or upon any interest or dividends earned in respect of international banking business carried on from within Belize
Belize is not subject to international exchange control regulations. The bank´s or its clients´ information and affairs remain completely confidential, and not reveal to the public only in a few exceptions:
- Ordered by a Belize Court to be revealed
- Given voluntarily by an authorized person or the client
- Disclosed by the Central Bank of Belize to the banking regulatory authority of Belize where such information is considered necessary for the authority to exercise functions similar to those of the Central Bank of Belize.
If you have questions about options for Belize Banking offshore please contact us.