OPENING A CORPORATE ACCOUNT AT A LOCAL BANK IN BELIZE DOLLARS

Your investment would not be complete without your company’s bank account. Below are the requirements needed to set up your local account with a Bank in Belize.

DOCUMENTS required for all signatories, directors & shareholders

  • Two Recent/Original Bank Reference Letter with a relationship of 2 years. The letter must include:
    • Length of time the bank has known the person whom they are writing the reference for;
    • Capacity in which the bank knows the referee;
    • The line of business they know the person to be involved in; and
    • Comments on the person’s character.

If two bank references were not available, a letter of reference from your Attorney would be acceptable.

  • Passport/Photo Identification (Notarized) (Or notarized valid Drivers License)
  • Full address, telephone, fax, email and website address if applicable

DOCUMENTS required for Corporate Accounts

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

GENERAL INFORMATION

  • Minimum US $150.00 to activate the account
  • Account set up takes approximately 2-4 weeks, bank will conduct due diligence to verify the customer
  • Add US $ 50.00 for each foreign courier if required
  • Add US $ 55.00 for local notarization

FEE STRUCTURE

Processing Fee

US
$ 250.00
Administrative Expenses
(Stamp, Check Book, Local Courier, etc.)
US
$ 100.00
 
US
$ 350.00
General Sales Tax (10% of $350.00)
US
$   35.00
TOTAL DUE
US
$ 385.00

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