CHOICE CAPITAL PRIVATE BANKING
CHOICE BANK CARD SERVICES
Why Belize?
Belize is located on the east coast of Central America in the Western Caribbean, just below Mexico's Yucatan Peninsula and east of Guatamala. Long a British colony and a member of the Commonwealth, Belize gained full independence in 1981.
The Belize government is commited to developing Belize as a leading centre for financial services, implementing policies receptive to the development of e-commerce and international banking.
According to the International Monetary Fund, "Tax exemption, low registration costs, and a flexible trust law that facilitates asset protection trusts are among the advantages Belize offers as an offshore financial centre."
Belize has become a premier jurisdiction for asset protection trusts thanks to the Trust Act of 1992. It is one of only a few trust jurisdictions in the world that can offer protection from court action initiated by creditors that might challenge your transfer of property into a trust. The asset of a Belizean trust cannot be attached to satisfy the judgement of a foreign court. A Belizean trust can be established for any person or a combination of people, charitable or non-charitable. In addition to asset protection, it also has the added benefits of privacy, flexibility, tax benefits, and inheritance protection.
Governance and Compliance
Choice Bank is chartered under the International Banking Act of 1996, which allows international business with non-resident personal and corporation clientele. The Bank may also deal with resident companies operating in the Export Processing and Commercial Free Zones.
Choice Bank Accounts are not subject to local taxes or exchange restrictions and funds in foreign currencies are transferred freely with no conversion to Belize dollars required.
The Central Bank of Belize monitors and regulates Choice Bank's business, strict adherence to capital adequacy and liquidity levels are required, ensuring compliance with internationally accepted best practices in global banking.