Regulatory Alerts2011-09-20
International Banking (Fees) Regulations of 2010
The Central Bank of Belize issued these regulations to prescribe specific fees for international banks under the International Banking Act. The rules establish initial licence fees of US$20,000 for unrestricted Class A and US$15,000 for restricted Class B entities, alongside a tiered annual licence fee structure based on total assets. Additionally, a non-refundable application fee of US$2,500 is mandated, and the regulations repeal the Offshore Banking (Fees) Order of 1996 upon their commencement on January 1, 2011.
Share