Requirements

Requirements To Open A Bank Account

The Belize Bank International caters to businesses that are producing and selling a product and requires that the banking transactions of those businesses relate to the purpose of business. In order to better serve you and avoid any possible delay in the account opening process for your Bank Account, we kindly ask you to complete and provide the following forms and requirements set forth below:

1. Bank Account Application Forms

• Complete Corporate or Personal Application for a Bank Account

This form needs to be completed thoroughly and capture the signature of the authorized
signatories to the account.

• For Personal accounts only
•KYC form for each authorized signatory on the account
•Signature card
•Read & Sign Standard Terms & Conditions (to be signed by each authorized signatory on the account)
•Online banking form (one for each authorized person on the account)
•Tax Form
•Due Diligence Authorization Form for each authorized signatory on the account
•Statement of Affairs form (only when requested by the bank)

•For Corporate accounts only
•KYC Business Questionnaire
•Signature card
•Read & Sign Standard Terms & Conditions
•Online banking Form
•Tax Form
•Bank Mandate – Certified Extract of Board of Directors regulating the conduct of the account.
•Shareholder’s Declaration
•Director’s Declaration
•Proof of Occupancy-Entity
•Due Diligence Authorization Form which is to be completed by each beneficial owner, director and authorized signatory on the account
•Statement of Affairs form (only when requested by the bank)

2. Identification

A clear legible certified/notarized copy of a valid passport for each beneficial owner,director and authorized signatory.

3. Proof of Address

•A recent original utility bill that is no older than 3 months (telephone, gas, electric etc.) for each beneficial owner, director and signatory.
Or
A valid driver’s license for each beneficial owner, director and signatory.
Or
A bank statement which has been issued no later than 3 months of receipt by the bank for each beneficial owner, director and signatory.

4. Standard Company Documents
• Certified copy of Certificate of Incorporation
• Certified Articles and Memorandum of Association
• Certified copy of Share Register
•Certified copy of Corporate Resolution of the Appointment of Directors, and Register of Directors.
• Certified copy of Corporate Resolution of the appointment of signatories.
• Certificate of Incumbency stating good Standing

Other Company documents may be requested depending on company type & structure.

All documents are to be notarized and/or notary certified prior to final submission.

Please visit our website https://www.belizebankinternational.com/ and choose the customer support tab for quick access to our application forms.

Financing

REQUIREMENTS FOR A CREDIT FACILITY (LOAN) ACCOUNT

In order to better serve you and avoid any possible delay in the process for your credit facility (loan) request, we kindly ask you to complete and provide the following forms and requirements set forth below:

1. Account Opening Application Forms

  • Complete Personal Application for a Bank Account – This form needs to be completed thoroughly and captured the signatures of the said beneficial owners and authorized signatories to the account.
  • Bank Mandate – Certified Extract of Board of Directors regulating the conduct of this account.
  • Due Diligence Authorization Form (to be completed for each said applicant)
  • Signature Card
  • Online Banking Form- Personal/Corporate Account
  • Standard Terms & Conditions (Read Only)

2. Identification

  • A clearly legible “certified” copy of a passport photo identification (with passport number and nationality) for each said beneficial owner and authorized signatory.

3. References

  • One bank reference for each beneficial owner and signatories to the account. The reference must be an original on the bank’s letterhead and should state the name of the account, type of account, date account opened, average balances for at least 12 previous months, how the account is being conducted and any other relevant information.
  • One reference for each said beneficial owner and signatory to the account from an accountant or attorney.
  • Proof of Address – A copy of recent utility bill for each said beneficial owner and authorized signatory to the account.
  • Copy of the last three years income tax returns for each applicant (applicable for Personal application)

4. Corporate Documents

    • Certified copy of Certificate of Incorporation
    • Articles and Memorandum of Association
    • Certificate of Good Standing (if company has existed for 12 months or more)
    • Resolution of Appointment of Directors and Registers of Directors & Members of the company
    • Copy of the last three years Financial statements of the company
    • Business plan containing at the minimum the following: executive summary, background information on the company, directors and owners, purpose of loan, long-term strategic plan etc.
    • If credit facility required exceeds US$1 Million, copy of the most recent audited financial statement and auditor’s report of the intended borrower

If the Credit facility is in a Personal Name, submit items 1 through 3.

If the Credit facility is in a Corporate Name, submit items 1 through 4.