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Open a Bank Account in Belize
$750.00
The Belize International Banking Act, previously known as Offshore Banking Act 1996, plays a key role as the backbone for the offshore banking industry in Belize. The Act lays out the separation between domestic and offshore banking sector and other related matters to the international banking license in Belize.
A key to mention from the Act is that Belize’s offshore banks must be subject to a much higher capital requirement for their establishment than for example their counterparts in the United States. With such controlled legislation, the offshore banking system in Belize is guaranteed to work under the legal provisions of the country, ensuring a high level of safety for non-residents.
We can help you open business and personal accounts in Belize. Accounts are available for both non-resident companies and individuals. We work with 2 different banks in Belize. Each bank has different eligibility requirements, types of accounts available and onboarding processes. We invite you to carefully review each banks requirements and services to better understand if their banking services meet your needs:
- Belize Bank Option 1 (Business Account, Personal Account)
- Belize Bank Option 2 (Business Account, Personal Account)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Belize Bank Option 1 (Caye Bank)
Account Details
| Eligibility | Local and Foreign Companies |
| Account type and Currency | Corporate Savings Accounts / Demand Deposit Accounts (USD, EUR, GBP, CAD, CHF) |
| Minimum Initial Deposit | USD 1,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 1,000.00 |
| Online Banking | Internet Banking |
| Cards (Currency) | N/A |
| Other Services | Term-Deposits Gold Loan Program Financing |
Remote opening: no personal visit to Belize is required.
Account Details
| Eligibility | International Individuals |
| Account type and Currency | Personal Savings Accounts / Demand Deposit Accounts (USD, EUR, GBP, CAD, CHF) |
| Minimum Initial Deposit | USD 1,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 1,000.00 |
| Online Banking | Internet Banking |
| Cards (Currency) | N/A |
| Other Services | Term-Deposits Gold Loan Program Financing |
Remote opening: no personal visit to Belize is required.
- Business Account
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Account Details
Eligibility Local and Foreign Companies Account type and Currency Corporate Savings Accounts / Demand Deposit Accounts (USD, EUR, GBP, CAD, CHF) Minimum Initial Deposit USD 1,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 1,000.00 Online Banking Internet Banking Cards (Currency) N/A Other Services Term-Deposits
Gold Loan Program
FinancingRemote opening: no personal visit to Belize is required.
- Personal Account
-
Account Details
Eligibility International Individuals Account type and Currency Personal Savings Accounts / Demand Deposit Accounts (USD, EUR, GBP, CAD, CHF) Minimum Initial Deposit USD 1,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 1,000.00 Online Banking Internet Banking Cards (Currency) N/A Other Services Term-Deposits
Gold Loan Program
FinancingRemote opening: no personal visit to Belize is required.
Belize Bank Option 2 (Belize Bank International)
Account Details
| Eligibility | Local and Foreign Companies |
| Account type and Currency | Corporate Demand Deposit Account (USD, EUR) |
| Minimum Initial Deposit | USD 4,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 4,000.00 |
| Online Banking | Internet Banking |
| Cards (Currency) | N/A |
| Other Services | Term-Deposits |
Remote opening: no personal visit to Belize is required.
Account Details
| Eligibility | International Individuals |
| Account type and Currency | Personal Savings Account (USD, EUR) |
| Minimum Initial Deposit | USD 4,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 4,000.00 |
| Online Banking | Internet Banking |
| Cards (Currency) | N/A |
| Other Services | Term-Deposits |
Remote opening: no personal visit to Belize is required.
- Business Account
-
Account Details
Eligibility Local and Foreign Companies Account type and Currency Corporate Demand Deposit Account (USD, EUR) Minimum Initial Deposit USD 4,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 4,000.00 Online Banking Internet Banking Cards (Currency) N/A Other Services Term-Deposits Remote opening: no personal visit to Belize is required.
- Personal Account
-
Account Details
Eligibility International Individuals Account type and Currency Personal Savings Account (USD, EUR) Minimum Initial Deposit USD 4,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 4,000.00 Online Banking Internet Banking Cards (Currency) N/A Other Services Term-Deposits Remote opening: no personal visit to Belize is required.
Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is guaranteed if the account is not successfully opened, but a 15% administrative fee applies.