Archive for August, 2012

Top 5 Reasons Why You Should Consider International Banking in Belize

International banking is a beneficial option for individuals as well as businesses. Along with domestic bank accounts, setting up and maintaining offshore accounts facilitates the process of making investments and arranging finances. Although this requires a basic understanding of the banking laws in a foreign nation, once a suitable offshore account has been set up, you can be sure of having convenient and prompt access to funds from anywhere. Here are the top five reasons why you should consider a bank in Belize.

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How to Set Up an Offshore Trust

A fiduciary arrangement that assigns the responsibility of distributing, managing and reporting certain holdings to a trustee is called a trust. Rules regarding who is and who isn’t eligible to be a trustee differ from one offshore jurisdiction to another. For instance, certain jurisdictions require the trustee to be a permanent resident of the nation where the trust is being established, while others have the completely opposite requirement. The rules offer a valid reason for substantial tax benefits and protect the privacy of involved parties.

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U.S. Loss of Wealth Has a Profound Impact on the Economy

The Federal Reserve made an unfortunate announcement last week. Americans’ net worth dropped a stunning 38.8 percent from the year 2007 to 2010. Specifically, the gains people have been realizing for the past 18 years are now completely gone. This affects those who had most of their net worth concentrated in their houses more than others because the housing market crash contributed to this loss more than any other cause during the years cited.

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Why International Banking in Belize is a Great Option

Belize is located on the Yucatan Peninsula, and it’s just a short distance away from Cancun, Mexico and Cozumel. It houses the second largest coral reef, and it is the only English speaking nation in all of the America’s. The infrastructure is far from being developed, but the international banking system is competitive with other developed nations. The country has some enthusiastic policies in place toward offshore banking investors, and they make it one of the primary choices in international banking.

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Opening a Business Banking Account in Belize

Having a business banking account in Belize can offer a number of advantages. Most people create offshore corporate accounts to take advantage of tax exemptions and high level of confidentiality. An IBC (International Business Company) refers to a private company that is not subject to taxes in its home country, is exempt from onerous reporting requirements and has several features in place to protect the privacy of its owners. The Belize International Business Companies Act of 1990 (amended and extended in 2000) regulates IBCs in Belize.

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The Basics of Offshore Banking in Belize

In the last decade Belize has emerged as one of the top international banking destinations. Increased international travel to the country and global accessibility provided by the internet are some of the reasons behind this. When banking outside the US in an offshore bank, convenience, confidentiality, security and tax benefits are some of the factors that people look for and Belize offers them all.

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