Offshore Bank Accounts
Does Belize share the bank account information with my tax authority?
By default, no-one in Belize is going to pass Your offshore account information to any foreign authority. However, a bank (as well as a Registered Agent) would be obliged to comply with a LOCAL court order in Belize, requesting to divulge such information. In theory, such court order could be obtained in Belize, via litigation, by a foreign government or its agency. To obtain such court order, the foreign plaintiff would need to claim and prove to a (fairly reluctant) Court of Law in Belize, that the request is directly necessary for an ongoing criminal investigation in money laundering, fraud or other general crime. If the direct involvement of the account or the IBC into any such crime is proven beyond reasonable doubt, the Belize court may grant an information release order.