Belize is well known tax haven.  If you want to open an offshore bank account, Belize is a logical choice.  Its financial service industry caters to various people, including nonresidents and IBC’s, who want to open an offshore account.  Offshore banks in Belize provide their customers with various services including internet and international banking services.

In order to open a nonresident company offshore account, you must provide the bank with comprehensive personal and business information.  You should expect that when opening a company offshore account, any reputable bank would require you to submit information on the owners of the account.  You will have to submit a copy of the designated beneficial owner’s passport, reference from your previous bank or current bank, a complete description of your business and operation, as well as a calculated cash flow.  Banks documentary requirements vary but they would insist on knowing their client well as this is required by law.  You don’t have to worry about confidentiality though; Belize banks will strongly protect any information you provide.  The government has created banks secrecy laws which provides harsh penalties for anyone who would violate the secrecy provisions, except when a client is under a criminal investigation in Belize.