Can a foreigner open a bank account in Belize? What are the required documents needed to prepare to open an offshore account?

Can a foreigner open a bank account in Belize?

Yes, there are no restrictions on foreigners opening a bank account. In fact, many foreign individuals and companies have opened an offshore bank account in Belize, including US citizens.

There are two forms of offshore banking in Belize: A Class - Unrestricted license and B Class - Restricted license.

• A-Class requires the holder to open, manage and operate a business in Belize;
• B-Class has similar requirements and applications as the A-Class, the difference is only that offshore banking operation in B-Class is limited to specified activities as stated in the license.

The required documents to open an offshore account in Belize

You can open an offshore account for the international company in Belize. There are various types of documents that are required to submit such as company license, driver’s license, social security equivalents, v.v. and it depends on the bank you choose but the general requirements are as follows:

• Notarized copy of valid passport or document with signature, photo, and personal identification;
• Proof of your residential address such as original utility bill of the residence;
• A bank reference from a bank that has more than 2 years of history with you;
• Professional reference from a lawyer or accountant with 2-year history or a second bank that knows you for over two years.

Read more:

• Belize bank account
• Belize company registration