Trusted locations like Belize offer tax benefits, banking secrecy, and offshore banking facilities. In today's fast paced world, many people live outside their country and do business in other countries. Taking advantage of offshore banking means a lot to many people. The reasons for banking abroad may be different for those who want to set up a personal account versus those who want to set up a corporate account.
For both personal and corporate offshore accounts in tax-advantaged locations such as Belize, the convenience of easy access to assets is offered. In addition, such accounts benefit from strict banking regulations governing account information and banking confidentiality. Offshore banking has a long history of use by international corporations. It may be time to consider an offshore account.
Offshore Personal Banking
Personal offshore banking is great for privacy. Offshore accounts are often the best means for depositing funds into international investment products. Personal accounts abroad can be opened for as low as $250 US. Such accounts almost always provide an ATM card that allows you to withdraw money from an ATM anywhere in the world. Make sure the account you open takes advantage of the support of the Personal Account Manager.
foreign corporate bank accounts
If you do business overseas or have a trust or corporation formed in an offshore location, an offshore bank account will often be an integral part of your business and investment strategy. A corporate account is opened and maintained in the name of your offshore corporation or trust. Such an account can facilitate international money transfers. Such an account can do so while protecting the confidentiality of assets.
The mechanics for opening a corporate offshore bank account are virtually identical to opening a personal account, except that all account information is corporate and not personal.
To set up such an account, the individual must first set up their offshore company, usually in the same jurisdiction as the offshore bank account. However, it is not necessary and sometimes may not be the best option. One should be guided by sound business principles in setting up each of these entities for maximum profit. This would include dealing with offshore companies and the competent authority in the creation of offshore bank accounts.
A typical opening fee for an offshore corporate bank account is $500 USD and the account will include a worldwide usable ATM card. There will also be support for international money transfers (Swift/BIC).
Large international corporations and wealthy investors have used offshore companies, trusts and bank accounts for years. They have done this to facilitate their business activities, reduce taxes legally and do business without knowing their competitors' every move. The business strategy available to international corporations is also available to you. You need to be prepared to do a little research on the opportunities available abroad in reputed jurisdictions like Belize.
An offshore banking and construction specialist who works for a variety of companies in relation to offshore structures, company formations, foundations, banks and financial institutions.
Working for User Bancorp Limited, which deals with private and corporate accounts, business accounts, offshore companies such as Belize IBC (International Business Company), Panama Corporation and Foundation, wire transfer services, managed funds/foreign exchange, credit card, debit and prepaid issuers provides.
We also offer co-ownership and shares in various investment programs, such as real estate investments in profitable jurisdictions such as Panama, Belize and Spain.