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.

Why Choose International Banking in Belize?

Even if you’ve already decided that you want to invest or open up an account in Belize, picking the right bank can be tough. Be sure to pay attention to available services, currencies, communication policies and online banking opportunities when making your selection.

International Banking Poses Numerous Benefits for Consumers

International banks extend their services to private clients. When using one of these banks, you will have access to the following benefits: a payment account, opportunity to take out a loan, deposit money on an international level and an opportunity to invest for your financial future. If you’re interested in taking advantage of the benefits of international banking, Belize may be a great location to place your assets.

5 Reasons to Choose International Investment Funds

There are a variety of different reasons that an offshore or international investment fund can be one of the best ways to secure your financial portfolio. An investment fund spreads out the risk by sharing the vulnerability between numerous investors, which can be a savvy move and a great way to diversify. These investment funds also let investors take a hands-off approach enjoy the guidance of a financial expert. Since many of these funds are offshore, they also allow investors the opportunity to legally reduce their capital gains tax liability and even pay lower maintenance and upkeep fees thanks to inexpensive banking destinations like Belize.

Uncover Options for Investing Offshore

If you have decided that offshore investing is an ideal choice for your financial future, then learning more about the types of investments available can be a smart move for any investor. One of the most popular options is that of personal or commercial real estate investments. Another option is to invest in a foreign currency, and you can even take out loans in foreign currencies as well. Alternative options for foreign investment include international mutual funds, which can be a safe possibility with minimal risk, or becoming an angel investor for a new, international start-up company or business.