US DOLLAR OFFSHORE BANK ACCOUNT IN BELIZE
REQUIREMENTS FOR AN
INTERNATIONAL BUSINESS COMPANY (IBC)
and PERSONAL & JOINT PERSONAL ACCOUNTS

DOCUMENTS required for all Signatories and Directors

  • Color Copy of Passport (Notarized in English)
  • One Recent/Original Bank Reference Letter with a relationship of 2 yrs. plus, also to be included in letter is length of relationship, nature of business and average balances for all Signatories. All References are verified by the bank
  • One Recent/Original Reference letter from your Attorney or CPA. They must be registered with the state board. All References are verified by the bank.
  • Original Utility Bill (for proof of address)
  • Full address, telephone, fax, email and website address if applicable.

DOCUMENTS required for Corporate Accounts

  • IBC Certificate of Incorporation
  • Memorandum and Articles of Association
  • Certificate of Good Standing (If Company is older than 1 yr.)
  • Resolution of Directors and Officers and Register of Directors
  • Copy of Share Certificate (s) and Share Register

    Note: If Company is registered in another Jurisdiction, all documents must be notarized)

BANK FORMS

  • Application forms/Bank Mandate/Signature Cards
  • Operation and Verification of Account Agreement
  • Banking and Signing Resolution of Directors
  • Anticipated Activity for New Accounts Form giving details on business activity
  • Declaration of Source of Funds/Support documents may be requested
  • Indemnity for Verbal/Fax/Email Instructions
  • Online Banking Application

Note: Signatures on bank application forms must correspond with that in passport.

DEPOSITS & FEES REQUIRED

  • Initial Deposit to open Account and to be maintained at all times
 
US$1,000.
  • Cost of Processing Bank Application
$450.
  • Administrative Costs (estimate) including
    Telephone, Fax, Photocopy & Courier
$100.  
TOTAL COST
$550.  

OPTIONAL SERVICES

  • +Annual Cost of Nominee Director Services with Indemnity
$500.00
  • +Annual Cost of Signatory to the Account
$500.00
  • Annual Cost of Deposits, Disbursements and Transfers
$250.00
  • Annual Cost of monthly reconciliation and forwarding of accounts
$250.00
  • Annual Cost of Mail Forwarding Services Fees
$196.87
        Plus Deposit to defray expenses
$50
  • Introduction to Offshore Banks
$250.00

+ Note: These services are only available at the anniversary date of the company.

GENERAL INFORMATION

  • Maximum CASH Deposit of $10,000. during calendar year
  • CASH transactions limited to $1,000. per day at minimum fee of $30. or 3% whichever is greater
  • International Visa or MasterCard Credit Cards
  • International Debit Cards and Prepaid Debit Cards
  • Certificate of Deposits with attractive interest rates starting at US $25,000.
  • Interest Rate depends on amount of funds and time period. (Call for updated rates)
  • Wire transfer services at $70.00 for the U.S.A. and $80.00 for other countries
  • Online Banking Services available
  • Services include Banker’s Checks, Standing Orders, Direct Debits, etc. (No Check Books)
  • Monthly Statements available for $5.00 each
  • Fee of $50. charged for cancellation of accounts within 3 months
  • Our Cost for Closing Bank Accounts is US $150.00
  • Our Cost to reactivate Inactive or Dormant Accounts is US $150.00
  • Our Fee to increase/decrease credit card limit is US $100. per transaction.

Rev 6/08

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