openPR Logo
Press release

Five Advantages of Offshore Banking in Belize

08-03-2018 02:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Caye International Bank

Author: Senior Vice President of Caye International Bank - Luigi Wewege

Author: Senior Vice President of Caye International Bank - Luigi Wewege

If you’ve considered banking offshore in the past, then you might have explored the options for international banking in various countries. One nation that comes up again and again among savvy investors is Belize.

Belize is already a popular location for vacations and retirement, and it continues to grow in popularity as an offshore banking destination. There are a multitude of advantages to banking in Belize, but let’s take a closer look at just five of them.

1. Country with a Stable Currency
With so many jurisdictions that offer offshore banking, one of the most important things to consider is whether the nation itself has a stable economy. After all, a dip in the economy could jeopardize the stability of banks, the guarantee on your holdings, or even the value of your stored assets.

Fortunately, Belize is a nation with a very stable economy. That stability starts with the country’s currency, the Belize Dollar.

The Belizean dollar is tied to the value of the United States dollar at a rate of 2:1. That means that USD $1 is equivalent of BZD $2. Whether you convert your dollars this year or next year, that inherent ratio of value will remain the same. That can be incredibly comforting to global investors who want to minimize their risks.

Of course, you can still open bank accounts in Belize in other main foreign currencies as well, giving you even more financial options.

2. Offshore Banking with High Liquidity Requirements
The best way to describe liquidity is to think about how much cash a bank has on hand on any given day, or how quickly the bank can convert assets to cash for their customers. In virtually all cases, you will want to have an account with a bank that has higher, rather than lower, liquidity rates.

Banks don’t always need to disclose their liquidity rates to the general public, which can make it tough to know which banks are the most stable. In Belize, however, the legal rates of liquidity are one of the highest in the world, giving you peace of mind.

Banks in the United States are required by law to have liquidity rates of five percent. In Belize, every single bank is legally obligated to have liquidity rates of at least 24 percent which is roughly four times more. That’s a tremendous difference, and it means that banks in Belize are less likely to fail or experience a problematic run on cash. In fact, no bank has ever failed in Belize’s history.

3. Opportunities for International Investment
Banking in Belize can be the right choice for a number of people because there are so many different ways to invest their holdings. Sometimes, individuals prefer only to open an international bank account for easy access to currency for vacations.

At the other end of the spectrum, investors may wish to establish trusts or set up an International Business Company (IBC). It is also possible to invest in real estate, thanks to affordable property prices. Having a bank account in Belize can make it simpler to purchase property within the country, whether that property is for your personal use or as a long-term investment.

4. Tourism is on the Rise
A country doesn’t need a lot of tourism in order to offer excellent banking services. In Belize, however, tourism is rapidly on the rise. In many ways, that can be beneficial to those who are banking offshore or thinking about banking in Belize.

With tourism comes more opportunities for investment and greater opportunities for profit. If you have a vacation rental in Belize, for example, increased tourism provides you with the opportunity for more reservations or premium charge rates, thereby increasing your return while operating costs remain the same. More tourism also means infrastructure growth, which increases the long-term stability of Belize and its banking system.

5. Remote Access to Open Offshore Bank Account
Belize is conveniently located a short flight from major American cities like Charlotte, Dallas, and Miami. Believe it or not, you could even drive from North America all the way to Belize. While it is nice to have that option, it is even better to have the option of remotely opening your bank accounts.

As long as you have all the required documentation and funds needed to open up an offshore bank account, some banks in Belize allow you to create an account from your home country. Some also allow you to apply for an international debit card such as Caye’s Mastercard. These cards can be used just like your traditional bank cards, allowing you to pay for meals at restaurants, shop at department stores, book flights or withdraw cash from almost any ATM. You can even use these cards globally wherever Visa or MasterCard are usually accepted.

The ability to open your account and access funds remotely saves time and cuts costs while allowing you to take advantage of all the benefits of banking in Belize.

Banking in Belize is a popular choice for those interested in offshore banking for asset management and diversification. Award-winning Caye International Bank headquartered on Ambergris Caye island, Belize offers a wide range of these banking services.

Contact Caye today to find out how to open your offshore bank account in Belize.

About Caye International Bank:
Caye is the only International Bank headquartered on the beautiful island of Ambergris Caye in Belize, Central America. We offer a full range of traditional and non-traditional banking services and accounts in multiple currencies. An application for account opening is a simple process and can be facilitated online from anywhere in the world.

About author - Luigi Wewege:
Luigi is the Senior Vice President of Caye International Bank, published author of The Digital Banking Revolution, has co-authored economic research which was presented before the U.S. Congress and currently serves as an Instructor at the FinTech School as well as a Speaker at the Silicon Valley Innovation Centre. He holds an Italian MBA with a major in International Business, as well as a BSBA with a triple major in Finance, International Business, and Management - cum laude from the University of Missouri-St. Louis.

Caye International Bank
P.O. Box 105, Coconut Drive
San Pedro Town, Ambergris Caye
Belize, Central America
notify@cayebank.bz

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Five Advantages of Offshore Banking in Belize here

News-ID: 1160066 • Views: 691

More Releases from Caye International Bank

Thinking of Retiring to Belize? Keep These 7 Budgeting Tips in Mind
If you’re wondering if Belize is the ideal setting for your retirement years, don’t feel alone. There are many ex-pats who find that the climate, the cost of living, and the eclectic mix of cultures is to their tastes. How do you know if this is the right choice for you? The only way to know for sure is to learn more about what to expect in terms of the general
Do You Think Offshore Banking is Only for the Wealthy? Think Again!
With the mention of offshore banking, some have visions of mansions, traveling by private jet, and being driven around town in a limousine. That’s because some people assume that having offshore financial accounts requires having lots of money or because they’ve watched too many James Bond movies. In reality, you don’t have to be rich in order to establish an offshore account. People in many different lines of work have offshore
Learn more about San Pedro – the true Isla Bonita
As the largest Belize island, Ambergris Caye is 25 miles long and filled with a plethora of lagoons, sandy beaches, and reefs to explore. Its major settlement is San Pedro Town, which has the highest concentration of accommodations and activities in the country. Vacationers and retirees alike flock to the island because of its natural beauty and to experience a sophisticated lifestyle at an affordable cost. You, too, can enjoy the
Find out about the seven trends in offshore banking
For many individuals and businesses, offshore banking is the ideal way to diversify assets and protect wealth. Whether you’re safeguarding assets for future generations, saving for retirement, or starting an international business, offshore banking can be the right choice. Offshore banking varies from one jurisdiction to the next, and not all services are right for everyone. Staying ahead of trends in offshore banking can help you decide what is right for

All 5 Releases


More Releases for Belize

Learn more about banking and business laws in Belize
As more people look to make smart decisions about their money, offshore banking strategies rise to the top of the options list. Whether you’re planning to retire internationally, invest overseas, or move your business offshore, banks in Belize can be a smart choice. Thanks to banking laws in Belize, there is an inviting financial climate for investors and account holders from around the world. Take a closer look at some of
Make the Most of Your Foreign Savings Account in Belize
A savings account, also known as a deposit account, is a way to safely store your assets and benefit from interest accumulation at the same time. Although many people have domestic savings accounts, having a foreign savings account also offers several concrete advantages. If you are thinking about opening a foreign savings account, find out how to do so as well as understand what you can do with your account. What is
Diversifying Assets Through Offshore Banking in Belize
There are countless strategies for investment. Some individuals look for high-risk and high-reward opportunities, and others want to plan for long-term security. Whatever the strategy, however, diversification is key. In fact, that might be the most important factor in successful asset protection and investment. One of the best ways to diversify assets is through offshore banking. Explore the need for financial diversification, better understand all your offshore options, and work toward
Why Choose Private Offshore Banking in Belize
Private offshore banking in Belize continues to increase in popularity. Through its continual demonstration of banking compliance with financial industry laws and legislation such as the Foreign Account Tax Compliance Act, or FATCA, Belize has established itself as a leader in safe, stable international banking locations. It is entirely normal to have questions about the privacy and stability of offshore banking in Belize when other banking options exist. Recently, Luigi Wewege,
October 2017 - Trade Mission To Belize
FOR IMMEDIATE RELEASE Media Contact: Leondria R. Thompson Email: Press@tcbcc.org 1+-832-875-3977 October 2017 - Fourth Quarter Business Development and Investment Opportunity Trade Missions to Belize, Central America August 14, 2017, Houston, Texas USA – Tri-County Regional Black Chamber of Commerce (TCRBCC) will host its fourth quarter International Business Development and Investment Opportunity Trade Mission in Belize for October 10-14, 2017 and October 17-21, 2017. TCRBCC’s third quarter trade mission to Belize, July 18-22, 2017, resulted
Symphony Travel and Belize Weddings and Events Partner to Provide Personalized W …
Belize’s premier travel consulting firm, Symphony Travel has teamed up with Belize Weddings and Events to create personalized planning for nuptials in Belize. This service is offered to Symphony clients to help plan and manage their entire destination wedding experience. Symphony Travel, through this affiliation, enhances its ability to meet all the needs and desires of a couple looking for a wedding in Belize. Professionally organized weddings will allow clients to