We tried to open a business bank account for an IBC where the Beneficial Owner was from Ukraine. Please see the below message we have received from Caye International Bank:

Good morning Titov,

Please note that we cannot process this account as the beneficial owner is from Ukraine. We do not conduct business with that jurisdiction.

If I can be of further assistance, please do not hesitate to contact me.

Best wishes,
Victor Villamil
Customer Relations

PO Box 105
Coconut Drive, San Pedro Town
Ambergris Caye, Belize
Tel: +(501) 226-2388
Fax: +(501) 226-2892
E-mail: vvillamil@cayebank.bz
Website: www.cayebank.bz

Discrimination? Yes. Strange but other banks in Belize do open accounts for Ukrainians. So just avoid this bank if you are from Ukraine or Russian Federation.