The small Caribbean island of Ambergris Caye is well known as a top tourism destination in Belize. However, many people are surprised to learn that it is also one of the top places to retire. Surrounded by blue water and an amazing barrier reef, it is easy to see why people want to live here.
The Foreign Earned Income Exclusion (FEIE) is a United States of America tax law that ensures that qualifying U.S. citizens and residents can reduce the amount they owe in federal taxes to the Internal Revenue Service on the income they earn while living in another country.
For American investors, offshore banking can seem challenging thanks to the Foreign Account Tax Compliance Act or known as FATCA. Once you understand FATCA, however, it is clear that the legislation doesn’t have to prohibit you from banking around the world.
Offshore trusts, IBCs, and private placement life insurance policies are great options for individuals who are ready to protect their wealth and diversify their holdings. Although a structure that is the perfect solution for one individual might not meet the needs of another investor.
A savings account, also known as a deposit account, is a way to safely store your assets and benefit from interest accumulation at the same time. Although many people have domestic savings accounts, having a foreign savings account also offers several concrete advantages.
Why, should you bank in Belize? The following four types of activities make it advantageous to have a Belizean bank account: Diversify your assets; Own overseas property; Vacation on beautiful Ambergris Caye; and Live more comfortably during your retirement years.
You have probably grown up hearing the idiom, “Don’t place all your eggs in one basket.” While financial experts will give you countless reasons why diversification is a smart move, it all boils down to that one classic saying. The reality is that concentrating all of your wealth in one location is risky.
If you’re exploring your offshore investment options, there is no shortage of destinations to consider. For many investors, one jurisdiction repeatedly is among the best choices – Belize well known as a beautiful vacation spot with incredible weather & friendly locals.
According to research conducted by the National Bureau of Economic Research, roughly 10 percent of the world’s Gross Domestic Product is being held in offshore banks. Throughout Europe, that number is closer to 15 percent. In some Persian Gulf countries, it is as high as 60 percent.
Globally, there is a significant amount of interest in investing within Belize which is certainly a desirable tropical place to visit, but what draws investors to this Central American country in the Commonwealth realm? Explore the 13 reasons why people choose to invest in Belize.
Escape Artist covers a lot of topics ranging from becoming an expat to investing abroad. One of our partners wants to share their knowledge with you, keeping you up to date on global insurance, blockchain, FinTech, retirement, diversification, and much more!
Private offshore banking in Belize continues to increase in popularity. Through its continual demonstration of banking compliance with financial industry laws and legislation such as FATCA, Belize has established itself as a leader in safe, stable international banking locations.
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Established in 1996, Caye was originally a Belizean mortgage company, and after continued success over several years, the decision was taken to become an international bank. The company was granted an International Banking License from the Central Bank of Belize in 2003.
Each year, Wealth & Finance International recognizes outstanding achievement, game-changing innovation, and stellar performance among companies and individuals across financial services, funds and investment landscape through the presentation of awards.
The scale of economic activity and stability in Belize and within the Central American region, has enabled Caye to achieve robust growth in all the bank’s core products. Offering a diverse range of international finance services while adapting to the many changes within the offshore banking sector.
Banking with CIB provides stability, confidentiality and higher returns for their customers & clients. The firm was recently selected in Wealth & Finance’s Banking Excellence Awards, where they received the accolade of Most Outstanding Offshore Bank in Central America for 2018.
Each year, Wealth & Finance International recognizes outstanding achievement, game-changing innovation, and stellar performance among companies and individuals across financial services, funds and investment landscape through the presentation of various global awards.
Luigi Wewege is the Senior Vice President of Caye International Bank, author of The Digital Banking Revolution, co-authored economic research presented before the U.S. Congress and currently serves as an Instructor at the FinTech School + Speaker for Silicon Valley Innovation Centre.
Caye is the only International Bank headquartered on the beautiful island of Ambergris Caye in Belize, Central America. Our bank located in Belize offer a full range of traditional financial services and accounts in currencies: U.S. & Canadian Dollars, Euros, Pounds, and Francs.
