Bank Requirements to Open a Personal/Corporate Account

Complete and sign application forms and provide the documentation/requirements necessary to establish your account.

Requirements

1. References - An original reference is required on the beneficial owner, director/s, and signatories to the account. References from a bank (preferred), a practicing attorney or a certified accountant are acceptable.

References should be recent, prepared on the entity’s official stationery and should indicate the following: a period of relationship for at least (2) years; type of relationship conducted; status of relationship

2. Photo Identification - A clear notarized copy of a current passport is required

3. Confirmation of Address - If a Personal Account – complete residential address of account holder

If a Corporate Account – complete address of controlling office

4. Copy of a utility bill

Company Documents

In addition to the above, the following are required:

1. Certificate of Incorporation

2. Articles and Memorandum of Association or By-Laws

3. Certificate of Good Standing (if company exists for more than (1) year)

4. Subscribers appointment of the company’s director/s

5. Letter of Undertaking (applicable in the case of bearer shares - stating if the ownership of the shares changes, the Bank will be informed in keeping with its obligation to know its clients)

6. Certificate of Shareholders/Subscribers

Note: If the company is not registered in Belize, all corporate documents should be certified and translated to English where necessary.

Initial Deposit

The minimum deposit required to open an account is US$1,000.00, or its equivalent.

(Please note that Bank will only accept cash deposits up to a maximum of US$10,000.00 per deposit or a maximum of US$50,000.00 in a calendar year.)