\documentclass{article}
\usepackage{tikz}
\usetikzlibrary{shadows.blur}
\begin{document}
\pagestyle{empty}
\pagecolor{blue!50}
\begin{tikzpicture}[remember picture, overlay]
\fill[blur shadow={shadow xshift=5pt, shadow yshift=0pt, shadow blur radius=5pt}, white] ([xshift=23mm, yshift=-23mm]current page.north west)rectangle([xshift=-23mm, yshift=-227mm]current page.north east);
\end{tikzpicture}
\end{document}

Edit:
Less pronounced shadow:
\documentclass{article}
\usepackage{tikz}
\usetikzlibrary{shadows.blur}
\begin{document}
\pagestyle{empty}
\pagecolor{blue!20}
\begin{tikzpicture}[remember picture, overlay]
\fill[blur shadow={shadow xshift=5pt, shadow yshift=0pt, shadow blur radius=5pt, shadow opacity=20}, white,
] ([xshift=23mm, yshift=-23mm]current page.north west)rectangle([xshift=-23mm, yshift=-227mm]current page.north east);
\end{tikzpicture}
\end{document}

shadows.blur can not change color, but you can manually add a shadow like this:
\documentclass{article}
\usepackage{tikz}
\begin{document}
\pagestyle{empty}
\pagecolor{blue!20}
\begin{tikzpicture}[remember picture, overlay]
\foreach \x in {0,0.025,...,1}
\draw[blue!50, opacity=\x, thick] ([xshift=-23mm+10-10*\x, yshift=-23mm]current page.north east) -- ([xshift=-23mm+10-10*\x, yshift=-227mm]current page.north east);
\fill[white] ([xshift=23mm, yshift=-23mm]current page.north west)rectangle([xshift=-23mm, yshift=-227mm]current page.north east);
\end{tikzpicture}
\end{document}
