Belize’s financial sector, though small compared to other jurisdictions, has been steadily growing and attracting foreign investors and international businesses seeking a stable and business-friendly environment. The country’s offshore financial center offers various services, including banking, insurance, and trust and company management. Belize’s appeal to foreigners and international businesses can be attributed to its strategic location, English as the official language, a favorable tax regime, and a relatively low cost of doing business. These factors, combined with a sound regulatory framework, have positioned Belize as an attractive destination for foreign investment and the establishment of offshore entities.
Financial regulation in Belize is aimed at maintaining the stability and integrity of the country’s financial system while fostering investor confidence and consumer protection. To achieve these objectives, Belizean authorities have implemented a comprehensive set of rules and guidelines that align with international standards and best practices. This regulatory framework supports a conducive environment for investment and innovation while safeguarding the interests of all market participants. Belize’s commitment to effective regulation has contributed to the resilience of its financial system, thereby boosting investor confidence and reinforcing the country’s appeal as an attractive destination for foreign capital.
The financial regulators in Belize include:
Central Bank of Belize (CBB) – The CBB is the primary financial regulator in Belize, responsible for the supervision and regulation of banks, financial institutions, and payment systems. Its main duties involve licensing, enforcement, and monitoring compliance with financial regulations, as well as maintaining monetary and financial stability.
International Financial Services Commission (IFSC) – The IFSC is an independent regulatory body responsible for the oversight and supervision of the offshore financial services sector in Belize. Its core responsibilities include licensing, regulating, and supervising offshore financial service providers, such as trusts, insurance companies, and investment firms.
Financial Intelligence Unit (FIU) – The FIU is an independent government agency responsible for combating money laundering, terrorist financing, and other financial crimes. It processes suspicious transaction reports, conducts investigations, and cooperates with other domestic and international authorities to combat financial crimes.