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OffshoreBiz.com http://www.offshorebiz.com/ Covering Offshore Banking in Belize and Beyond en-us Copyright 2010 Sun, 21 Feb 2010 01:55:42 +0000 http://www.sixapart.com/movabletype/ http://www.rssboard.org/rss-specification Belize To Avoid G-20 Tax Sanctions - Amid warnings of Belize facing economic sanctions imposed by the G-20, a powerful alliance of developed states, Belize Prime Minister Dean Barrow has stated that the Government of Belize would sign a series of tax agreements with the developing world, even though the signings could, likewise, hurt Belize, financially.

"There is no way to fight this," Barrow, the Minister of Finance, said, adding that Belize should be in compliance by the March deadline, even though he thinks the measures are "most unfair, most unjust and most immoral."

There are G20 discussions, slated to take place this month, on the slapping of sanctions on Belize and other countries, considered "tax havens" to first world citizens, if those countries do not sign a series of Tax Information Exchange Agreements (TIEAs).

Barrow expressed his displeasure over the position advanced by the industrial world, which, he said, is seeking "by hook or by crook," to kill the offshore industry that so many small countries rely on as a means of economic diversification.

The signings could cause a falloff in offshore business, he told local Belize news media. However offshore banking practitioners in Belize are quoted off the record as stating that the impact will be minimal.

In 2000, Belize was listed among 35 countries classified by the Organization for Economic Cooperation and Development (OECD) as "tax havens," which have been under pressure to sign the tax sharing agreements.

According to Prime Minister Barrow, to date, Belize has signed three (3) tax information sharing agreements, respectively with the US, Belgium, and most recently (last week) with The Netherlands. (The agreement with Belgium is dated December 2009.)

There are seven (7) agreements pending with the Nordic countries, and two (2) more pending with the Dutch-speaking Caribbean islands, the Prime Minister further informed.

Those who utilize offshore banking structures to protect their interests are advised to contact their offshore service provider to ensure compliance. Belize has one of the most modern offshore service industries in the world and with careful planning and advice client assets and privacy can be preserved.

]]> http://www.offshorebiz.com/2010/02/belize-to-avoid-g-20-tax-sanct.html http://www.offshorebiz.com/2010/02/belize-to-avoid-g-20-tax-sanct.html Sun, 21 Feb 2010 01:55:42 +0000 New Belize Central Bank Governor Amandala Newspaper report has confirmed that:

"As at the end of September, Sydney Campbell left his post as Governor of the Central Bank, after his 5-year contract ended. Amandala has confirmed that Glenford "Glen" Ysaguirre, Deputy Governor, will formally take up that post.

Prime Minister Dean Barrow confirmed that appointment this afternoon when he spoke with our newspaper. He said that the other deputy governor, Marion Palacio, would be invited to take up a Central Government post with the Ministry of Finance."

]]> http://www.offshorebiz.com/2008/10/new-belize-central-bank-govern.html http://www.offshorebiz.com/2008/10/new-belize-central-bank-govern.html Belize Mon, 06 Oct 2008 08:06:39 +0000 First Caribbean Bank Belize Not Selling Out

First Caribbean International Bank issued a release today 31 July 2008 to state that it has no plans or intentions to sell its business in Belize. The Bank says it remains committed to its Belize business, its staff and customers and continuing to provide customers with the same excellent level of service to which they are accustomed. The bank says any rumors to the contrary are simply untrue.

]]> http://www.offshorebiz.com/2008/08/first-caribbean-bank-belize-no.html http://www.offshorebiz.com/2008/08/first-caribbean-bank-belize-no.html First Caribbean Bank International Belize Fri, 01 Aug 2008 05:41:31 +0000 Belize Offshore Bank FAQ
Offshore FAQ

Some people have the impression that sheltering assets offshore is difficult or
cumbersome to achieve. Our expertise in Belize which is one of the best tax
havens in the world, with modern legislation specifically enacted to protect the
investor, is your assurance of a process that easy, convenient, confidential and
secure.

To help you, here are some commonly-asked questions and answers about offshore
planning. ]]> http://www.offshorebiz.com/2008/07/belize-offshore-bank-faq.html http://www.offshorebiz.com/2008/07/belize-offshore-bank-faq.html belize belize offshore Belize Offshore Banking FAQ Thu, 24 Jul 2008 08:27:41 +0000 Belize International Business Companies
The following are examples of practical applications that offshore companies andindividuals may wish to consider. Apply the principles to yourself or your company and appreciate how Belize can help you.

]]> http://www.offshorebiz.com/2008/07/belize-international-business.html http://www.offshorebiz.com/2008/07/belize-international-business.html belize belize offshore Fri, 11 Jul 2008 09:08:08 +0000 Belize Trust Act
Belize established a modern Belize Trust Act in 1992 generally regarded as incorporating the best features of similar laws prevailing in other major offshore jurisdictions such as Cayman, Panama and Bermuda. With the benefit of hindsight, the Belize Trust Act represents the ultimate refinement of this type of legislation and is thus regarded as the most advanced instrument of its kind in the world.

]]> http://www.offshorebiz.com/2008/07/belize-trust-act.html http://www.offshorebiz.com/2008/07/belize-trust-act.html belize belize offshore offshore banking Sun, 06 Jul 2008 08:03:31 +0000