Atlantic International BankCorporate Account

Atlantic International Bank Limited (AIBL) is leading International Bank in Belize that provides international banking services to non-residents since its incorporation in November 2000. Atlantic International Bank Limited holds Unrestricted “A” Class International Banking License issued by the Central Bank of Belize. The license permits to offer international banking services to both personal and corporate clients who are non-residents of Belize.

Customers choose the bank for its financing options and expertise in real estate development projects in Belize.

AIBL is a major player in the international banking industry in Belize with offices located in San Pedro Town on Ambergris Caye, Placencia Village in the Stann Creek District, and San Ignacio Town in Cayo, all of which are major tourist destinations.

WHAT ATLANTIC INTERNATIONAL BANK OFFERS:

• Personal and Corporate accounts
• Demand Deposit Accounts, Investment Accounts, Fixed Term Deposit Accounts
• Full Internet banking
• International credit cards MasterCard Gold or Visa Gold in USD
• International wire transfers in all major currencies
• Loans, lines of credit, overdrafts
• The approximate timeframe for account allocation is 5 to 7 days after the original documents have been received by the bank.

BANK TARIFFS AND CHARGES

Atlantic International Bank can be considered as medium-cost bank with respect to account maintenance and bank transfer fees. The incoming wire transfer fee is USD 35. Outgoing transfers vary from USD 90 to USD 250, depending on the amount of payment. Bank’s policy for transfer charges is to offer lower fees for large amounts, (e.g. for outgoing wire transfer from USD 1 to USD 1,000, the bank will charge USD 250, and for bigger amounts of USD 20,000 and above the charge for outgoing transfer will be USD 90).
Annual account maintenance fee is USD 180. Account opening procedure and online banking facilities are free of charge.

PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.

Agent Legal professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.

REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH ATLANTIC INTERNATIONAL BANK:

• Personal presence is not required
• The minimum deposit and the minimum balance of USD 1,000. Please Note: Atlantic International Bank offers accounts in USD only and all payments must be sent in and received in USD.
• The account will be activated within 5 - 7 business days, upon receipt by the bank of all duly completed forms and relevant information.

DOCUMENTS REQUIRED

For the Company:

A set of legalized (apostilled) company documents consisting of:

• Certificate of Incorporation
• Memorandum and Articles of Associations
• Documents confirming the appointment of company directors and secretary (if any)
• document confirming the location of the registered office
• Share Certificate(s)
• Certificate of Good Standing if the company is more than 12 months old

For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:

• Notarized color copy of valid passport.
  The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
• Original or notarized copy of utility bill (electricity, water, gas or cable) dated within 6 months as verification of residential address.
• 2 (two)Bank reference letters, dated within 3 months. The bank reference letter must be on official bank's letterhead. Ask your banks to include the date of letter issuance, the date of account opening,the type of account held, average balance, satisfactory relationship, signature of bank's senior personnel.
• If the account signatory conducts business activities with only one bank, a Character (Professional) Reference Letter from a recognized lawyer or accountant may be considered. The Character Reference Letter must include: date of letter, length and type of relationship, nature of business, comments on Client's character, signature of professional.
• Personal CV

For each corporate officer (where the company directors or shareholders are legal entities), please provide:

A set of legalized (apostilled) company documents consisting of:

• Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
• Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
• Copy of the Corporate Structure.
• Certificate of Good Standing.

Documents that are not in English must be accompanied by a certified translation.
Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.

IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES

If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, Agent Legal will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.

SHIPPING COST

Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction of your ordered company, the country where the bank is based as well as your destination country.