Belize company and bank account, for 1 person

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karim8899

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Sep 14, 2019
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I need a company for an online store and consulting services. All is online.

People say that Belize jurisdiction isn't reputable. If I open a company there, banks in many other jurisdictions won't want to deal with it.

1) Is this true?

2) Then why not open Belizie company and a bank account in Belize also? Any problems? Some banks won't send money to Belize?

3) I'll probably come to Belize soon for travel. And to open a company too. Is opening a company there myself be cheaper and faster? How much approximately?
 
You can open EMI accounts for a Belize company for instant with transferwise, epayments and‌ advcash. All will accept your Belize company. I know of a few banks which say‍ they still accept BZ corps but not finished any application process yet with them.
 
I'm not asking what I can do. For those who are blind, I put numbers‌ to each of my questions.
 
correct
Belize banks are low reputation, many issues, have a look on⁠ the forum about banks stopping all outgoing transfers. Also, for an online company, most payment⁤ processors won't touch them

Don't know. But I doubt it is faster for you︀ to do it all yourself as you don't know how to do it, which is︁ why you pay someone to do it for you. I imagine if you value your︂ time, it is not quicker nor cheaper.
 
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