- Asset Protection, Privacy, and Other Benefits of Starting a Nevis IBC
- The Cost of Forming a Nevis IBC
- Documents Required for an Offshore Nevis IBC Formation
- The Procedure for Opening a Corporate Bank Account in Macedonia for an Offshore Nevis IBC
- The Recommended Bank’s Fees and Tariffs for Non-Residents: a Personal and Corporate Bank Account in Macedonia
- The Recommended Bank’s Fees for Opening and Maintenance of a Corporate Bank Account in Macedonia
- Money Transfers and Cash Transactions by Clients of the Recommended Bank in Macedonia
- Letters of Credit for Legal Entities Holding Corporate Bank Accounts in Macedonia
- Online Banking and KIBS Digital Certificates at the Recommended Bank in Macedonia
- Bank Guarantees in Macedonia for VIP-customers
- Documents Required for Opening a Corporate Bank Account in Macedonia
- Steps to Be Taken for Your Nevis IBC Formation with a Corporate Bank Account in Macedonia
Take advantage of our popular turnkey services of offshore company formation and corporate bank account opening. In particular, you can order the setup of an offshore Nevis IBC (International Business Company) with a corporate bank account in Macedonia.
This combo solution will upgrade your asset protection, privacy, and business reputation thanks to the opportunities and incentives available in Nevis. You will appreciate the bank rates and expedient banking offered by the recommended bank in Macedonia. Moreover, you will be able to secure additional funding and strengthen your international investment strategies.
Read on to learn the most essential details of this cost-effective expedient package offer.
As part of our premium offshore company formation services, we offer comprehensive facilitation to individuals who want to start a Nevis IBC and set up a corporate bank account in Macedonia. This excellent solution can be enjoyed remotely, which will allow you to get down to business in a reasonably short time and with a lot of advantages.
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with seasoned professionals on international banking and where it is best to open non-resident corporate accounts.
Asset Protection, Privacy, and Other Benefits of Starting a Nevis IBC
Nevis is often referred to as an “island gem” in the Caribbean. It is one of the two islands that make up the Federation of Saint Kitts and Nevis. It has a separate parliament known as the Nevis Island Assembly, the Nevis Island Administration headed by a Premier, which grants Nevis a significant degree of autonomy, especially in areas such as finance and tourism. Nevis is known for preserving its beautiful natural environment, cultural heritage, and promoting community involvement. Nevis is also renowned for its hospitality and friendliness. Nevis has a reputation as a safe destination due to the low crime rate and a stable political climate.
Nevis, unlike some offshore jurisdictions, has strict privacy laws that safeguard information about non-resident owners and executives of offshore companies registered on the island. On the other hand, Nevis is also subject to international standards obliging it to cooperate with foreign judicial and supervisory authorities in cases of suspected illegal activity. Like all tax havens, it has been subject to increased scrutiny by international organizations. However, Nevis has not been directly implicated in any major scandals or controversies related to an offshore financial activity. Therefore, offshore companies registered in Nevis take advantage of many perks, opportunities, and business incentives.
Nevis provides significant advantages to foreign investors through its robust legal framework rooted in English law. These benefits comprise secure asset protection and confidentiality of IBC owners and offshore company executives in Nevis. Thanks to revisions made to its laws, Nevis has steered clear of being listed as non-compliant by the EU, making it a secure business hub for individuals seeking to do business in Europe and other regions.
Nevis is a participant in the AEOI (Automatic Exchange of Information) framework that facilitates the automatic exchange of financial information between tax authorities of different countries to prevent tax evasion and improve tax compliance. Noteworthy, the data is sourced by banks and not by registered agents.
For your convenience, we have listed below the benefits of incorporating a Nevis IBC:
- no VAT, capital gains, or income tax for offshore Nevis companies
- an opportunity to obtain citizenship by investment in St Kitts and Nevis
- secure data privacy for company owners and executives thanks to the absence of a public company register in Nevis
- • no mandatory requirements for offshore Nevis companies to submit financial reports to the authorities. Therefore, any offshore Nevis IBC can prepare reports and archive documents abroad, as long as they can present them for inspection upon special request in Nevis
- Nevis IBC members’ limited liability based on their respective shareholdings
- various company structuring options, including, but not limited to, sole company ownership and the recruitment of professional directors for a Nevis IBC.
Please browse our current package offers for registering offshore trusts, foundations, and companies in Nevis and choose the turnkey service that suits you best.
The Cost of Forming a Nevis IBC
Please note that you would not be able to open a Nevis IBC on your own. So, the fee payable to a registered agent must be taken into account. The total cost of setting up offshore companies in Nevis will depend on the total amount of services you order.
The package price of our turnkey service of the Nevis IBC opening includes the setup of a corporate bank account in Macedonia. This attractive offer allows you to save time and money while relying on the experience of our seasoned professionals.
Cost of an Offshore Nevis Company Setup and Maintenance (a Nevis IBC with a corporate bank account in Macedonia)
Nevis IBC Registration | USD | Wait time |
The basic corporate package: • Certificate of Incorporation of the Nevis IBC • Endorsement Certificate for the Nevis IBC • Articles of Incorporation of the Nevis IBC • Certificate of Notary Public • Designation and acceptance of Registered Agent of the Nevis IBC • Transfer of Subscription Rights • Appointment of the Director of the Nevis IBC • By-Laws of the Nevis IBC • Written resolution of the Director of the Nevis IBC • Register of Directors of the Nevis IBC • Register of Officers of the Nevis IBC • Register of Shareholders of the Nevis IBC • Share Certificate/s of the Nevis IBC |
USD 1,899 | 2-3 business days |
A set of apostilled documents of the Nevis IBC: · Certificate of Incorporation of the Nevis IBC · Endorsement Certificate for the Nevis IBC · Articles of Incorporation of the Nevis IBC · Certificate of Notary Public · Designation and acceptance of Registered Agent · Transfer of Subscription Rights · Appointment of the Director of the Nevis IBC · By-Laws of the Nevis IBC · Written resolution of the Director of the Nevis IBC · Register of Directors of the Nevis IBC · Register of Officers of the Nevis IBC · Register of Shareholders of the Nevis IBC · Share Certificate/s of the Nevis IBC · One set of apostilled copies of all corporate documents of the Nevis IBC |
USD 2,499 | 5-6 business days |
A set of all apostilled corporate documents + appointment of the professional director in Nevis: · The company registration · A receipt of the state duty paid for the registration · Services of a Registered Agent in Nevis · Registered office (legal address) in Nevis · One set of original corporate documents · One set of apostilled copies of corporate documents (in English) · Professional director/manager’s contact and personal details · Apostilled Power of attorney in the original · Professional shareholder’s contact and personal details (if applicable) · Trust declaration (an original copy) · One set of apostilled copies of corporate documents regarding the professional director · One set of duplicates of corporate documents · Certificate of the company’s good financial standing · Certificate of Authority · Power of attorney – a copy · A copy of the Trust Declaration · A copy of the applicant’s passport · A copy of the utility bill · A recommendation letter from the bank or a financial statement · Worldwide courier delivery services. |
USD 7,949 | 6-8 business days |
Annual renewal of the Nevis IBC: – State renewal fee – Registered Agent Services in Nevis – Registered office (legal address) in Nevis – Scanned copy of renewal certificate. |
USD 1,699 | 3 business days |
Annual payments to the professional staff in Nevis: | ||
Professional Directors (of the Nevis IBC) | USD 1,399 | 1 business day |
Professional shareholder/member (of the Nevis IBC) | USD 1,399 | 1 business day |
Professional executives (of the Nevis IBC) | USD 1,399 | 1 business day |
Post-registration corporate documents (mandatory) of the Nevis IBC: | ||
A set of notarized corporate documents of the Nevis IBC | USD 600 | 1-2 business days |
A set of notarized and apostilled corporate documents of the Nevis IBC | USD 799 | 2-3 business days |
A copy of the registration certificate of the Nevis IBC | USD 400 | 1-3 business days |
Registers of Managers/Members/Shareholders/Directors/Officers of the Nevis IBC | USD 200 | 2 business days |
Minutes of the first meeting of the Board of the Nevis IBC | USD 450 | from 2 business days |
A Share Certificate of the Nevis IBC | USD 200 | 2 business days |
Company search | USD 500 | 2-3 business days |
A power of attorney – original | USD 399 | 1 business day |
A notarized power of attorney | USD 599 | 1-2 business days |
An apostilled power of attorney | USD 799 | 2-3 business days |
The Declaration of Trust – original | USD 400 | 1 business day |
The notarized Declaration of Trust | USD 600 | 1-2 business days |
The apostilled Declaration of Trust | USD 800 | 2-3 business days |
Post-registration corporate documents (optional) of the Nevis IBC : | ||
Certificate of Good Standing of the Nevis IBC – original | USD 680 | 2-3 business days |
Certificate of Good Standing of the Nevis IBC – apostilled | USD 880 | 2-3 business days |
Certificate of Incumbency of the Nevis IBC (Simple) | USD 490 | 1 business day |
Certificate of Incumbency of the Nevis IBC (Notarized) | USD 690 | 1-2 business days |
Certificate of Incumbency of the Nevis IBC (apostilled) | USD 890 | 2-3 business days |
Tax exemption for the Nevis IBC (a letter) | USD 500 | 2-3 business days |
Tax exemption for the Nevis IBC (an apostilled letter) | USD 700 | 2-3 business days |
Certificate of company liquidation | USD 1,700 | Up to 7 business days |
Notarization/verification of document copies: | ||
Verification of a document signed by a registered agent (per copy) | USD 150 | 2 business days |
Verification of a document signed by a Public Notary (per copy) | USD 200 | 2 business days |
Apostilled verification of a document (per copy) | USD 250 | 2-3 business days |
Certified verification by the Register | USD 500 | 5 business days |
Change of the company’s name/registered capital/structure: | ||
Change of the company name of the Nevis IBC (the seal is not attached) | USD 800 | up to 7 business days |
Change of the company name of the Nevis IBC (the seal is attached) | USD 1,220 | up to 7 business days |
Change of the registered capital of the Nevis IBC | USD 1,625 | up to 7 business days |
Documents about the change of the Officers/Directors/Managers of the Nevis IBC (drafts, registers included) | USD 800 | up to 5 business days |
Documents about the change of the Shareholders/Members of the Nevis IBC (including drafts, registers, and share certificates) | USD 800 | up to 5 business days |
Transfer of shares/ownership of the Nevis IBC – including Minutes and up to two new Certificates | USD 1,200 | 5 business days |
Amendments to Articles of Association (paragraph additions, changes in capital, any change in the company’s Articles of Association that are stamped by the Register) of the Nevis IBC | USD 1,200 | up to 7 business days |
Re-issue of constituent documents of the Nevis IBC | USD 1,625 | up to 7 business days |
Post-registration amendments in the company documents: | ||
Continuation of the Nevis IBC (change of the jurisdiction of incorporation) | USD 2,520 | as agreed individually |
Certificate of the change of the jurisdiction of incorporation of the Nevis IBC | USD 1,200 | up to 7 business days |
Company transfer to Nevis | USD 1,500 | as agreed individually |
Expedited company transfer to Nevis | USD 3,000 | up to 7 business days |
Reinstatement of the Nevis IBC struck off the Register | USD 1,700 | 2-3 business days |
Company liquidation | USD 1,700 | up to 7 business days |
Change of the registered agent for the Nevis IBC (Transfer Out) | USD 1,999 | 2-3 business days |
Change of the registered agent for the Nevis IBC (Transfer In) | USD 500 | as agreed individually |
Other services: | ||
The signing of the documents by a professional director recruited in Nevis: · one signature in a corporate document of the Nevis IBC (per document) · one signature in a bank form of the Nevis IBC (per document) |
USD 160 USD 320 |
1-2 business days |
Scanned copy of any document of the Nevis IBC (per page) | USD 100 | 1 business day |
International courier delivery service | USD 200 | 2-4 business days |
Rush fee (urgent issue of a document) – the fee per issue | USD 150 | 2 business days |
Optional services: | ||
Services of a professional director | USD 3,400 | as agreed individually |
Consultation on general matters | as agreed individually | as agreed individually |
Legal consultation | as agreed individually | as agreed individually |
Substance for the Nevis IBC: | ||
Financial report for the Nevis IBC (up to 20 transactions) | USD 1,900 | as agreed individually |
Financial report for the Nevis IBC (from 20 transactions) | from USD 1,900 | as agreed individually |
Web Site Design, Registration, Registered Agent for the Nevis IBC | Depending on the complexity | as agreed individually |
Virtual office (Panama) for the Nevis IBC – Address – Mail/Transfer to courier – Telephone with a voice recording function. |
USD 3,000 | up to 7 business days |
Documents Required for an Offshore Nevis IBC Formation
Below, you will find the list of scanned document copies each founder needs to submit to set up a Nevis IBC:
- a notarized copy of the founder’s passport plus some other ID
- a formal document mentioning the holder’s residential address (a bank account statement, a utility bill issued not earlier than 3 months before the submission date, etc.)
- a due diligence and order form, completed and signed
- a formal letter of recommendation/testimonials
- the proof of the origin of funds (a bank statement).
FYI: Nevis LLCs, Nevis IBCs, and Nevis trusts come with bullet-proof asset and capital protection from third-person claims, forfeiture, and foreign court judgments. You can find our topical posts highlighting the importance and growing relevance of this advantage.
The Procedure for Opening a Corporate Bank Account in Macedonia for an Offshore Nevis IBC
Oftentimes, offshore companies seem to encounter difficulties when trying to open a corporate account. That is why it is essential to make an advance selection of a reliable bank that would be eager to cooperate with your Nevis IBC. We can suggest several such banks in Europe, including a reputable bank in Macedonia.
The recommended bank is one of the oldest private banks in Macedonia. This financial institution adheres to advanced European banking standards, innovations, and excellent customer care principles.
Information about the payment systems used by a bank is an important consideration for businesses choosing where to open a corporate bank account. With this regard, the recommended bank in Macedonia uses MIRS and KIBS for local payments and transfers, which are likely to be efficient and cost-effective for local transactions in Macedonia. For international operations, the recommended bank in Macedonia uses SWIFT, a widely recognized and secure messaging network used by financial institutions worldwide.
Corporate clients of the recommended bank in Macedonia can open My Business accounts, which are designed specifically for various transactions and earning interest on their current balances.
EUR account interest rates offered by the recommended bank in Macedonia | |
Up to EUR 10,000 | 0.05 % |
From EUR 10,001 to EUR 100,000 | 0.05 % |
Above EUR 100,001 | 0.07 % |
The recommended bank in Macedonia offers a variety of lending options, multiple guarantees, overdrafts, and investment loans to its clients.
If you open a corporate bank account in Macedonia with the recommended bank you will get access to such products as:
- private deposits
- mobile and online banking
- access to primary and secondary securities markets
- and many more.
The recommended bank in Macedonia issues the following types of bank cards:
- Point American Express
- American Express Green credit card
- American Express Gold credit card
- Visa Electron Point debit card.
The Recommended Bank’s Fees and Tariffs for Non-Residents Opening a Personal or Corporate Bank Account in Macedonia
Macedonia banks are popular with offshore company owners and non-resident HNWIs looking for financial institutions with which they can keep, protect, and safely manage their capital for business expansion and profit. However, following the recently imposed international transparency norms and regulations, Macedonian financial establishments have had to revise their fees and tariffs for non-resident VIP clients. They have also narrowed access to accounts, products, and services for clients from North Korea, Syria, Vanuatu, and Iran.
The Recommended Bank’s Fees for Opening and Maintenance of a Corporate Bank Account in Macedonia
- Non-refundable registration fee, including the fee for opening the first corporate account in a foreign currency – EUR 1,000
- A corporate account opening fee – EUR 200 per account and currency
- The monthly account maintenance fee (with account turnover above 0) – EUR 50 to EUR 100 per month
- The maintenance fee for a corporate account blocked due to no turnover thereon for over 2 years or because of outdated documents – EUR 25 per month.
If requested by the customer and approved by the bank, a corporate bank account with the recommended bank in Macedonia may be closed. The relevant fee is EUR 5,000. If the corporate bank account is closed because of the new legal regulations in force in Macedonia (e.g., in case of no use or no transactions thereon for 2 years), no fee is charged for the account termination.
Money Transfers and Cash Transactions by Clients of the Recommended Bank in Macedonia
The recommended bank in Macedonia charges the following fees for conducting cash transactions and bank transfers:
- depositing cash into the client’s account – from 0.1% to 5% of the amount deposited
- withdrawing money from the account – from 0.1% to 5% of the amount withdrawn
- incoming transfers in the amount starting from EUR 1 to EUR 500,000 or an equivalent sum in any other currency – 0.5%
- transferring EUR 500,000 or more (or an equivalent amount in any other currency) to the account– 0.3%
- outgoing transfers (international or domestic) – 0.75% (the minimum fee – EUR 300) + the fee charged by the correspondent bank. If the minimum annual account balance remains at EUR 1,000,000 or equivalent in any other currency, no fee is charged
- intrabank transfers – no charge
- amendments in payment orders – EUR 100
- chargeback – EUR 200.
For more information about services available to private persons and legal entities in Macedonia, please contact us at the e-mail address or in messengers given at the top of this page.
Letters of Credit for Legal Entities Holding Corporate Bank Accounts in Macedonia
There are 2 types of letters of credit (L/Cs) – the incoming (import) letter of credit and the outbound (export) letter of credit. The tariffs depend on the L/C type.
- Letters of credit issued by the recommended bank in Macedonia:
- Issue of unconfirmed letter of credit secured with foreign currency – 0.5% per quarter, with the minimum fee of EUR 250 + EUR 100 as a SWIFT fee
- Issue of unconfirmed letter of credit, depending on the security amount – 0.6% to 1.8% per quarter, with the minimum fee of EUR 250 + EUR 100 as the SWIFT fee
- amending letter of credit terms – EUR 150 + EUR 100 as SWIFT fee
- Letters of credit received by the recommended bank in Macedonia:
- unconfirmed acknowledgment of receipt – 0.5%, with a minimum fee of EUR 250
- confirmed acknowledgment of receipt – 1%, with a minimum fee of EUR 500
- unconfirmed L/C transfer – 0.3%, with the minimum fee of EUR 250 + EUR 100 as SWIFT fee
- confirmed L/C transfer – 1%, with the minimum fee of EUR 500 + EUR 100 as SWIFT fee
- expert review of documents – 0.4% of the document cost, with a minimum fee of EUR 500
- amendments in terms – EUR 100 евро + EUR 100 as SWIFT fee.
The recommended bank in Macedonia charges L/C fees upfront quarterly. L/C fees for the last quarter are charged monthly.
If the remaining L/C validity in the current month is less than 5 days, the fee is 0%
If the L/C is not used in full, the fee is not refunded.
With stand-by letters of credit, fees are calculated and paid as provided for under the corresponding agreement.
Secured safe deposit box rentals at the recommended bank in Macedonia (the fees depend on safe deposit box sizes)
- Safe deposit box, with dimensions 7.80х25.50х61.10 – EUR 100
- Safe deposit box, with dimensions 13.10х25.50х61.10 – EUR 150
- Safe deposit box, with dimensions 26.50х25.50х61.10 – EUR 200.
Online Banking and KIBS Digital Certificates at the Recommended Bank in Macedonia
There are special tariffs for online and mobile banking at the recommended bank in Macedonia. As of today, the fees are as follows:
- access to e-banking and mobile banking – EUR 150
- password reissue – EUR 4
- reissue of KIBS digital certificate resulting from loss thereof (for legal entities) – EUR 16 + 18% VAT
- unlocking the customer’s password – no charge.
The fees for digital KIBS certificates at the recommended bank in Macedonia are as follows:
- first issuing of Verba Sign PKI Token for legal entities (for 1 year) – EUR 52, token reissue – EUR 26
- first issuing of Verba Sign PKI Token for legal entities (for 2 years) – EUR 70, token reissue (for 2 years) – EUR 44
- first issuing of Verba Sign PKI Token for legal entities (for 3 years) – EUR 86, token reissue (for 3 years) – EUR 61.
The reports are available for free if a report is received at a branch of the recommended bank in Macedonia. In the case of mail delivery, a EUR 10 fee is charged. The recommended bank in Macedonia charges 0.2% of the document value (or the minimum fee of EUR 500) for the service of the Review and sending of documents for collection
Bank Guarantees in Macedonia for VIP-customers
A standby letter of credit (a.k.a. SBLC) is a payment guarantee issued by a bank or a financial institution using the MT760 SWIFT message. It is used to pay the customer when the applicant fails to perform their obligations.
SBLC may be used to make multiple financial and commercial transactions that are similar to documentary letters of credit (DLC), with the only difference being that SBLC is only available where the applicant is in default of their obligations. Under the said circumstances, the SBLC recipient has the right to demand payment.
Bank guarantees provided by the recommended bank in Macedonia are listed below
- Letters of guarantee and SBDC issued by the Bank:
- unconfirmed Ls/G with currency security – 0.3% per quarter, with the minimum fee of EUR 500 + EUR 100 as the SWIFT fee
- unconfirmed Ls/G, depending on the security amount – 0.6% to 1.5% with the minimum fee of EUR 500 + EUR 100 as the SWIFT fee.
- Confirmed Ls/G and SBDC issued by the Bank:
- with currency security – 0.6% per quarter, with the minimum fee of EUR 500 + EUR 100 as the SWIFT fee
- with a mortgage – 1.5% per quarter, with the minimum fee of EUR 1000 + EUR 100 as the SWIFT fee
- with other instruments – 1.8% with the minimum fee of EUR 1000 + EUR 100 as the SWIFT fee
- amendments in terms – EUR 100 + EUR 100 as SWIFT fee
- expert review of documents – 0.3% of the document value, with a minimum fee of EUR 500.
- Letters of guarantee and SBDC received from other banks:
- unconfirmed acknowledgment of receipt – 0.5%, with the minimum fee of EUR 500
- amendments in terms – EUR 250 + EUR 100 as SWIFT fee
- L/G activation – EUR 250 + EUR 100 as SWIFT fee
- L/G transfer to a different domestic bank – 0.5%, with a minimum fee of EUR 500.
FYI: SBLC protects the seller or the exporter receiving the payment as well as the buyer or the exporter where the seller fails to ship the goods, ships damaged goods or violates contract terms.
In international trade, bank guarantees are used for commercial contracts. The importer has the right to request a bank guarantee from the exporter to secure the tender.
From the exporter’s perspective, the importer’s requesting a bank guarantee protects the exporter from non-payment risks. Before issuing a bank guarantee, the importer’s bank conducts comprehensive customer due diligence verifying inter alia their creditworthiness.
Documents Required for Opening a Corporate Bank Account in Macedonia
- Completed, printed out, and signed bank forms.
- Documents of the authorized persons and beneficial owners:
- a notarized copy of the passport
- a notarized proof of residential address (utility bills, ID cards, or driver’s license stating your residential address)
- POA to open accounts, operate, and control them unless the above is already provided for by the company’s constituent documents
- Corporate documents:
- a notarized copy of the Certificate of Formation
- a notarized copy of the Memorandum and Articles of Association, Bylaws, or Operating Agreement
- a notarized original (or regular) copy of the Certificate of Good Standing (to be submitted annually)
- a notarized original (or regular) copy of the Incumbency Certificate (to be submitted annually)
- a notarized copy of the Share Certificate
- a notarized copy of the Register of Directors
- a notarized copy of the Register of Members
- a notarized copy of the Resolution of the Director, Manager, BoD member, or any other constituent document to authorize corporate account opening
- the company profile (submitted to the bank as a letter on the company’s letterhead).
NB: all documents shall be executed or translated into English (and apostilled if specifically requested so).
Steps to Be Taken for Your Nevis IBC Formation with a Corporate Bank Account in Macedonia
Here’s what you need to do as the first steps toward your Nevis IBC formation with a corporate bank account in Macedonia:
- Contact us at info@offshore-pro.info to book a private session on the Nevis IBC formation and opening of a corporate bank account in Macedonia.
- Pay our package service fee for the opening of a Nevis IBC with a corporate bank account in Macedonia. FYI: the package service fee starts from 5699 EUR. We accept transfers in any fiat currency, including payments via MoneyGram, Western Union, and Webmoney, as well as cryptocurrency bank transfers.
- Send by mail the original copies of the documents required for setting up a Nevis IBC with a corporate bank account in Macedonia. They need to be delivered to our main office.
After we have received all the documents and the full payment, we will proceed with the company incorporation in Nevis and a corporate bank account opening in Macedonia.
After the procedure is completed, we will forward the original copies of corporate documents to the customer via courier delivery. Copies thereof will be emailed to the e-mail address provided by the customer.
To order the service, you are welcome to contact us at the e-mail address given at the top of this page. Please look up the Company Incorporation + Bank Account Setup section of our InternationalWealth portal featuring other appealing offers.