Help! I Need Somewhere Outside the U.S. To Park My Funds

There are a number of foreign banks that can offer this to potential clients. But Belize is in a unique position-- it was specifically created to be a tax haven by the British before its independence was established. Between its security, its strict confidentiality laws, its proximity, and its incentives, Belize has much to offer a US citizen looking to open an account or invest.

If you’ve decided to use an offshore bank for your funds and are trying to decide which country best suits your needs, consider banking in Belize. Chances are, if you’re looking beyond the US and toward international banking as an option, you’re aware of the advantages: fewer taxes, decreased tax liability, increased privacy.

There are a number of foreign banks that can offer this to potential clients. But Belize is in a unique position– it was specifically created to be a tax haven by the British before its independence was established. Between its security, its strict confidentiality laws, its proximity, and its incentives, Belize has much to offer a US citizen looking to open an account or invest.

An Overlooked Country

Belize doesn’t have the banking reputation of Switzerland, but it enjoys a sterling reputation for a winning combination: lack of government oversight and strict confidentiality laws. For instance, there are no exchange controls, and they are known for their flexible asset protection trust legislation. At the same time, violating bank secrecy laws can result in a prison sentence of up to 18 months!

Banking in Belize also has the advantage of a home country that is politically very stable – and one whose government is committed to cultivating its tax-haven status.

Proximity to the U.S.

Technically speaking, you may never have to visit your offshore bank; you can rely on an internet connection and email to conduct your business. However, should the need arise, it’s good to know that Belize is much closer to home than other international banking options.

And of course, Belize is a strikingly gorgeous and hospitable country. There’s a reason its main industry is tourism: the beautiful scenery, friendly locals, and luxury accommodations are legendary here. As an added plus, English is one of the country’s official languages.

Incentives for Entrepreneurs and Investors

Any offshore bank will give you access to new markets, and Belize as a country has incentives for foreign investors like any other tax haven. However, the incentives are especially attractive for those looking to capitalize on Belize’s lively tourism industry (or government-selected industries primed for foreign investment, like agriculture). If your interest in international banking comes with interest in investment, this is something to consider.

Though the decision of your offshore bank shouldn’t be taken lightly, banking in Belize is an attractive option for anyone looking to carry their funds away from the United States. Weigh your options carefully.

Caye Bank

Caye International Bank Limited (CIBL) was granted an Unrestricted "A" Class International Banking License on September 29th, 2003 by the Central Bank of Belize and is regulated by the Central Bank of Belize which set the standards for liquidity and capital adequacy.

4 Reasons to Start an Offshore Corporation

Many cautious and savvy investors from the United States are beginning to explore new options for private, secure asset protection strategies. One of the most advantageous is the offshore corporation, or offshore limited liability corporation (LLC). An LLC can allow business owners to retain control of their assets and make executive decisions about buying, selling and expansion. An LLC is also a very private investment, and your name can be kept separate from the business. Corporations located offshore can also be a smart way to reduce taxes and grow wealth over time, especially because owners can choose their offshore location.

The Privacy Benefits of Offshore Banking

Offshore banking is not something limited to a select group of people. Instead, it is a solution that appeals to countless individuals around the world

What is KYC?

KYC or Know Your Customer rules establish guidelines to protect both offshore financial institutions and their customers. Discover more about KYC and how it impacts your efforts for offshore banking.

Could a Foreign Bank Account be a Smart Financial Move for You?

A large number of retirees, full-time employees and investors are under the impression that domestic accounts are superior to international alternatives. However, that isn’t always the case. In fact, having an international bank account has a number of perks that can benefit you financially. If you travel internationally or plan to retire overseas, it can give you access to a foreign currency. In addition, an international bank account may help to reduce your tax burden, and the overhead costs at foreign banks can often be very affordable. Finally, offshore banking can give you an increased level of privacy and security.