Mastering
Offshore Banking
With
Caye International Bank, Belize
President, Peter
Zipper
Belize is a leading Caribbean offshore jurisdiction, and many visitors are intrigued about offshore banking. The growth in international travel, coupled with the increasing use of the Internet to make a living or help manage businesses from afar, have led to growing use of offshore banking and offshore trusts. Others have made the same decisions to relocate or diversify their financial affairs and open offshore accounts.
Offshore
Banks in Belize In addition to commercial banks in Belize serving
local customers, Belize has developed a small but growing community
of offshore (or international banks as they like to be called.)
banks. These offshore banks were authorized by the Banks and
Financial Institutions Act, 1995, and the introduction of the
Offshore Banking Act, 1996, and the Money Laundering (Prevention)
Act, 1996. By law they cannot serve customers who are citizens
of or legal residents of Belize. The 1995 legislation defines
an off shore banking as "receiving, borrowing or taking
up foreign money exclusively from non-residents at interest
or otherwise on current account, savings account, term deposit
or other similar account and which according and subject to
arrangement is repayable on the check, draft, order, authority
or similar instrument of the customer, and investing the foreign
money so received by lending, giving credit or otherwise exclusively
to non-residents; or carrying on exclusively with nonresidents
such other activities as are customarily related or ancillary
to offshore banking." There are two categories of Belize
offshore banks: "A" Class - Unrestricted and "B"
Class - Restricted...
To
learn more about offshore banking in Belize with Caye International,
download their brochure by clicking here: http://www.frenchpropertyinsider.com/caye_bank_belize.pdf
Contact
Caye International Bank, Ltd. and please be sure to tell them
Adrian Leeds and French Property Consultation referred you::
Peter
Zipper, President
Coconut Drive, PO Box 11, San Pedro Town, Ambergris Caye, Belize,
C.A.
Tel: +(501) 226-2388/3083,
Fax: +(501) 226-2892
Email: cibl@btl.net
or services@cayebank.bz