Offshore Services


MERCHANT LICENSE REQUIREMENT
with an Offshore Bank in Belize

PURPOSE

A Merchant Account is set up for an offshore company wanting to sell their products and/or services outside of Belize. Customer’s credit card payments are processed via their website and funds are credited to the merchant’s bank account in Belize.

REQUIREMENTS

  • Set up a Belize International Business Company (See requirements for an IBC)
  • Set up a Corporate Bank Account in US Dollars (See requirements for Offshore Bank Account)
Note that separate fees apply for the above services.

DOCUMENTS REQUIRED

  • Merchant Questionnaire (provided by the bank for pre-approval)
Once the bank has pre-approved the application, the below will be required:
  • Merchant Internet Services Agreement (provided by the bank once application has been pre-approved)
  • Merchant Information Sheet
  • E-commerce Merchant Set Up Form
  • Copy of Merchant’s Website along with Ownership Confirmation *
  • Copy of most recent Financial Statement for each Beneficial Owner
  • Merchant Business Plan containing the following: (See requirements for Business Plan)
- Executive Summary - Marketing Promotion & Advertising
- Company Background Profile - Lists of Assets
- Directors/Owners Information - Projected Profit & Loss (3-5years)
- Description of Product or Services - Project Cash Flow (3-5 years)
- Long-term Strategic Plan * Must be certified
- Target Market/Competitors - Country of Operation

* WEBSITE REQUIREMENTS

  • Merchant’s business trade name & corresponding registered domain name
  • Merchant’s Company Information and Location
  • Complete description of Products or Services
  • Commitment to process orders and send email confirmation
  • Statement advising cardholders to retain copy of Transaction record
  • Refund/Return & Cancellation Policies
  • Delivery Policies (if any restrictions to countries)
  • Privacy Policies and Terms & Conditions
  • Customer Service Contact Information
  • Country of Operation
  • Transaction Currency - US Dollars
  • Display of appropriate Card Acceptance
Note that your webmaster will need to ensure your website is equipped with the above.

COST AND FEES

Processing of Offshore Merchant License Application US $2,200.00
Administrative ExpenseUS $200.00
     TOTAL DUE US $2,400.00

To begin the process a deposit of US $750.00 is required.

BANK FEES

Once the Merchant is approved the bank will charge the below fees:

• Administrative Set-up Fee (one-time fee – 1st month)US $ 250.00 per merchant
• Monthly Maintenance Fee
(Bank will deduct this automatically from your account)
US $ 200.00 per merchant
• Transaction Fee (sales, credits, decline transactions) US $ .50 per transaction
• Chargeback FeeUS $ 15.00 per chargeback
• Online Access Merchant Reporting (upon request)US $ 65.00 per month

OPTIONAL SERVICES

  • Incorporation of a Belize International Business Company
  • Setting up an Offshore Bank Account in Belize
  • Offshore Credit Card, Debit Card and Pre-Paid Card
  • Business Plan Preparation
  • Mail Forwarding Services
  • Virtual Office Services



INTERNATIONAL SERVICES LTD.
PO Box 2284, #16 Albert Hoy Avenue, Belama Phase 1,
BELIZE CITY, BELIZE, CENTRAL AMERICA

TEL: 501-223-2077/2149 E-MAIL gomezisl@btl.net
US TEL: 954-323-8314 E-MAIL gomezislbz@yahoo.com
FAX: 501-223-5313CELLULAR: 501-610-5166
Website: www.belizeoffshoreinvestors.com


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