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.

Diversify Your Portfolio With International Investment Funds

Placing all of your wealth into one domestic account or mutual fund can leave you financially vulnerable, and many of the smartest investors embrace the idea of diversification for this very reason. A smart way to protect yourself against unforeseen legal matters, bank failures or stock market crashes is to place some of your money into an investment fund offshore. You will benefit by enjoying lower costs of doing business, lower taxation rates in many cases and peace of mind in the event of an emergency that could jeopardize your financial standing.

6 Ways to Invest Offshore for Your Retirement

Some of the top ways to invest offshore for retirement include precious metals, real estate, venture capitalism, mutual funds, trusts and savings accounts.

Managing Offshore Bank Accounts

After conducting due diligence and establishing offshore bank accounts with an institution that offers everything you need to take care of your international investing activity, the next step is to make sure you are getting the most benefit from the features that come with those accounts. Your choice of a certain bank in a specific nation may be inspired, but it is of little consequence if you don’t use the services and features to best effect. To give you some ideas on how to go about making the most of those account features, here are some suggestions.

Who Should You Trust When it Comes to Offshore Investing?

Investing offshore can be a smart way to enjoy a greater number of investment opportunities, see greater profits, reduce your tax burden and protect your assets for the future. If you are new to investing offshore, or if you want to see some real results, then having the help of a financial adviser can be incredibly beneficial. The right financial expert for you will be someone that clearly understands your financial objectives and investment goals, and it should also be someone that allows you to check your holdings online. The best advisers are also readily available and familiar with investments in your desired offshore location.