Contents of application

(1) An eligible company desirous of carrying on offshore banking business from within Belize shall make an application to the Central Bank for the grant of a licence in the prescribed form. (2) An application under sub-section (1) of this section, shall show that the applicant is an eligible company. The Central Bank may also require that such application– (a) give particulars of, but not limited to– (i) the names and addresses of its directors and principal shareholders; (ii) the ultimate beneficial ownership of the company or proposed company where the shareholders of record are, or are to be, corporations, trusts or other legal entities or organisations, or where the shareholders of record are acting as nominees for or under the direction of any person notwithstanding anything to the contrary contained in any other law; (iii) the shareholding structure and management of the company; (iv) the financial standing of the company, if applicable; (b) contain a detailed business and financial plan of the company; (c) provide particulars of referees, guarantors and other third parties; 15 (d) provide details of any subsidiary or affiliated company; (e) provide details of any overseas office which the company has or proposes to open; (f) provide the names and addresses of the external auditors of the company or proposed company, including the experience of the auditors in auditing banks; (g) provide such other information of a financial or other nature as the Central Bank may require in any general or particular case; and (h) be accompanied by a non-refundable fee as may from time to time be prescribed by the (3) In addition to the requirements of sub-section (2) of this section, a foreign bank shall further supply to the Central Bank when making its application, a written statement from the banking supervisory authority in its country of incorporation, and the banking supervisory authority in the country where its principal office is located if different, confirming that the authority has no objection to the application. (4) An application for a licence and all documents submitted pursuant to this Act in support of the application shall be signed by the directors of the eligible company or proposed company making the application. (5) Documents submitted to the Central Bank under sub- section (4) of this section may be produced in evidence in any court of law or before the Appeal Board established under the Domestic Banks and Financial Institutions Act. CAP. 263.