Opening a bank account is a necessary process when setting up an offshore company. Our Belize company formation agents have answered some of the most frequently asked questions about offshore bank accounts in the country.
No. This is not an automatic process as there are no requirements for a paid-up capital when opening an International Business Company.
No. The fact that the IBC does not require a share capital upon registration makes it possible to open a bank account and deposit the share capital after the registration when it is acquired.
Our Belize company formation agents recommend this process. Another advice is for investors to avoid opening an offshore bank account in their country of residence.
Partially. The beneficial owner (the investor who incorporates the company) will be required to confirm with the bank.
It is recommended to allow the nominee director to also act as the bank signatory, for the purpose of a complete and credible company management.
The beneficial owner is still allowed to have signature sights for the offshore bank account even when the IBC uses nominee director services.
An individual who has signatory sights for the account. These are granted through a special mandate.
Credit and debit cards, online payment options and others may be available.
Yes, although this option may be restricted for some types of businesses depending on the field in which they operate. We recommend that you consult with one of our Belize company registration agents.
Yes. Our team of company formation agents provides various types of services related to offshore company formation, including the set up of offshore bank accounts. You can contact us for more information.
If you are also interested in the conditions for acquiring Belize citizenship, our team will give you more details about the three possible conditions under which you can apply for this status: as a permanent residence, through marriage (to a Belizean national for at least one year), by descent (based on having a Belizean parent or grandparent, subject to conditions).