RSSAccounts with Belizean bank are not subject to any local taxes or to exchange control restrictions. Funds are freely transferred in and out of Belize in US Dollars without any conversions taking place.
The banks pay an interest on demand deposit accounts with balances above US$ 3,000 and they open certificates of deposits with balances above US$ 25,000.
What is Required to Open an Account
• Bank forms and Application (signed and notarized)
• Bankers letter of reference (must be addressed to the bank quoting the term and quality of the relationship with your last known address stated)
• Positive identification (in the form of a valid passport and driver's license)
• Declaration of non-residency
• Signature specimen cards for all account signatories (notarized for your protection)
• Minimum deposit of $1,000
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