A Class "A" Bank must hold a start-up (liability) capital of at least 3 million U.S. $ in appropriate collateral (cash or other persistent values).
A Class "B" bank must hold a start-up (liability) capital of at least 1,000,000 U.S. $ in appropriate collateral (cash or other persistent values).
In both cases, the Central Bank of Belize, in addition to other demands on capital resources of an offshore bank.
The respective start-up (liability) capital must not be deposited with the Central Bank of Belize, but can be applied both at a local bank in Belize and abroad.
It is necessary to establish that is paid when the application for the grant of a banking license, the latest before granting them the appropriate amount to the appropriate account.
Owner of such an account is a banking company, which has been specially erected for the purpose of establishing a bank. Such a banking company, which may be created in the form of a "Limited" as the IBC must have at least one shareholder who is registered as shareholders ("shareholder") and can not as the owner of the shares ("bearer") identify.
From the original company, then goes after the granting of a banking license, the legal person of the offshore bank out.
At least one director must be a citizen of the Union Bank of Belize, all other directors can come from any other country. Furthermore, at least have a director of the Bank of his professional experience in the banking business in an appropriate manner to the Central Bank of Belize to document.
The banking company in Belize has a functional and functioning office for the purposes of a permanent establishment there to entertain and occupy a minimum of three persons as staff. Other requirements for premises and personnel are not placed so far, this will open a further guarantee of design. The place of management may be due to any other place outside of Belize.
The application for the grant of a license granted by the Central Bank of Belize, which in each individual case, detailed information about the nature and scope are required to provide the banking activity.
Start-up procedures:
Application process
An informal request for issuance of a license is based offshore bank, the banking company or their respective legal representative (lawyer or corporate or business advisor) to the Central Bank of Belize. It is recommended that application is already in the field of activity of the bank to be established as comprehensive, but explain largely general.
Such an application must include:
(1) association of the banking company in a notarised form,
(2) proof of payment for the start-up (liability) capital,
(3) Name and address of the shareholder and the director, with legal entities, the structure of society, including our shareholders,
(4) proof of creditworthiness of the banking company,
(5) detailed business and financial plan for the banking company,
(6) details of any subsidiary of the banking company or corporate investments,
(7) Give details of any overseas offices, which the Company has or intends to open,
Exercise (8) submission of names and addresses of external auditors of the Company or third party in such activities to the community,
(9) the presentation of references or statements of other companies or third party guarantee
Notwithstanding the submitted application documents to the issuing bank license, the Central Bank of Belize at any time do an investigation or review, whether the statutory criteria are met prior to obtaining a banking license, even during the current approval process and beyond.
A Class "B" bank must hold a start-up (liability) capital of at least 1,000,000 U.S. $ in appropriate collateral (cash or other persistent values).
In both cases, the Central Bank of Belize, in addition to other demands on capital resources of an offshore bank.
The respective start-up (liability) capital must not be deposited with the Central Bank of Belize, but can be applied both at a local bank in Belize and abroad.
It is necessary to establish that is paid when the application for the grant of a banking license, the latest before granting them the appropriate amount to the appropriate account.
Owner of such an account is a banking company, which has been specially erected for the purpose of establishing a bank. Such a banking company, which may be created in the form of a "Limited" as the IBC must have at least one shareholder who is registered as shareholders ("shareholder") and can not as the owner of the shares ("bearer") identify.
From the original company, then goes after the granting of a banking license, the legal person of the offshore bank out.
At least one director must be a citizen of the Union Bank of Belize, all other directors can come from any other country. Furthermore, at least have a director of the Bank of his professional experience in the banking business in an appropriate manner to the Central Bank of Belize to document.
The banking company in Belize has a functional and functioning office for the purposes of a permanent establishment there to entertain and occupy a minimum of three persons as staff. Other requirements for premises and personnel are not placed so far, this will open a further guarantee of design. The place of management may be due to any other place outside of Belize.
The application for the grant of a license granted by the Central Bank of Belize, which in each individual case, detailed information about the nature and scope are required to provide the banking activity.
Start-up procedures:
Application process
An informal request for issuance of a license is based offshore bank, the banking company or their respective legal representative (lawyer or corporate or business advisor) to the Central Bank of Belize. It is recommended that application is already in the field of activity of the bank to be established as comprehensive, but explain largely general.
Such an application must include:
(1) association of the banking company in a notarised form,
(2) proof of payment for the start-up (liability) capital,
(3) Name and address of the shareholder and the director, with legal entities, the structure of society, including our shareholders,
(4) proof of creditworthiness of the banking company,
(5) detailed business and financial plan for the banking company,
(6) details of any subsidiary of the banking company or corporate investments,
(7) Give details of any overseas offices, which the Company has or intends to open,
Exercise (8) submission of names and addresses of external auditors of the Company or third party in such activities to the community,
(9) the presentation of references or statements of other companies or third party guarantee
Notwithstanding the submitted application documents to the issuing bank license, the Central Bank of Belize at any time do an investigation or review, whether the statutory criteria are met prior to obtaining a banking license, even during the current approval process and beyond.
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