The currency of Belize is the Belize Dollar (Bz$); is fixed to the American dollar at a rate of $2 Bz dollars to $1 US dollar. There are 4 Commercial banks, the Belize Bank Ltd., 1st Caribbean Bank, the Bank of Nova Scotia and Atlantic Bank Ltd., and several small Credit Unions. Offshore banking is one of Belize's claims to fame and still offers a secure envirionment for offshore banking.
A central bank has recently been set up to replace the Monetary Authority of Belize. Recent amendments to the Banking Act permit offshore banking. All hotels, resorts, restaurants, tour companies, and most commercial enterprises accept US dollars, traveler's cheques, and credit cards.
ATM machines are now common throughout most of Belize.
A variety of Investment Incentives are being offered by the Government of Belize (GOB), which were developed specifically to encourage foreign investment in Belize.
Tax-free offshore accounts, offshore Trusts, merchant accounts, online trading and new company formations in Belize are worth investigating. Belize is recognized as being one of the best offshore jurisdictions for offshore company formations and offshore Trusts. Belize is one of the remaining tax havens for offshore banking, offshore accounts, IBC offshore incorporations and offshore investment.
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