Belize is a small Caribbean nation in Central America, politically stable, and a relatively new offshore jurisdiction. Though it has only five commercial banks at present, there are several offshore banks operating in Belize to cater to the many offshore companies registered there, including the Belize Trust. Since their first entry into Belize 25 years ago, the offshore banking sector has grown substantially, and Belize has become a reputable, full-service offshore jurisdiction.

English is the primary language spoken in Belize, and banks offer online banking and wire transfers, as well as internationally recognized credit and debit cards. Opening a bank account in Belize can be done in just two days.

Obtaining a bank account in Belize is not as hands-free a process as in some other countries, though the account holder does not need to be present in order to open the account. Offshore banks are not allowed to do business with citizens or legal residents of Belize, and cater strictly to the international community. Bank references are usually required, as well as personal information about the account holder.

Nevertheless, Belize's banking secrecy laws are very strong, and information will only be released in the case of a local (not foreign) criminal investigation, such as drug trafficking or money laundering. Penalties for divulging information under any other circumstances are severe.

In general, Belize's offshore legislation is good, and the small nation is continually working to improve the legislation in order to attract more offshore investment.

There are several offshore business structures that can be formed in Belize, including International Banking Companies (IBC), Offshore Trusts, Limited Liability Partnerships, and Limited Life Companies.

Belize's international banks are exempt from foreign currency controls, and Belize offshore companies are not required to pay taxes on income derived outside Belize's jurisdiction. Company directors and shareholders may be of any nationality. There is no disclosure of a company's beneficial owner, no requirement of annual meetings, accounts or audits. Accounts can be held in most major currencies, including USD, Yen and Euros, and foreign currencies can be moved in and out of offshore bank accounts without being converted into Belize dollars.