Are you looking for an effective bank account for a non-resident corporation with full SWIFT access? We have a solution for you: a corporate bank account in Nevis.
This bank account is ideal for those who do international business, from classic trading and import/export companies, IT and affiliate marketing, to firms working with cryptocurrencies. (Yes: this bank is crypto friendly)
Basically, this bank will accept any business that is legal and does not involve US-sanctioned countries.
The bank does charge any account maintenance fees.
The procedure of opening a business account is carried out remotely. (100% online – no hard copies required).
Benefits of a Corporate Bank Account in Nevis
The bank account in Nevis can become a great instrument for the modern international business person who always strives to develop the company and increase its profits.
This international bank in Nevis operates via the SWIFT system, and thanks to that it can carried out fast transfers in EUR and USD together with nine other major world currencies.
In the bank’s own words they are “a fully regulated global bank with a deep British heritage operating at Wall Street speed.” The bank is based in a beautiful, fully-owned seven acre campus setting, on a hill overlooking Charlestown, Nevis – the hometown of Alexander Hamilton, the face on the US ten dollar bill.
The bank’s chairman is Sir Tony Baldry, a former aide to Margaret Thatcher who later went on to become British Parliamentary Under-Secretary of State for Foreign, Commonwealth and Development Affairs, who oversaw the West Indies, South Asia, Africa and North America in his career.
As the largest global bank in the entire region, this Nevis bank has a “fortress” balance sheet with excellent ratios and no loan exposure. Their mantra is “efficient customer onboarding, superb client support, and advanced 24/7 e-banking.”
In addition to fiat currencies, each of the bank’s clients can keep their securities, bonds and shares at the bank. The bank has great access to global financial markets and instruments: corporate banking, private banking, the possibility to outsource your asset management. These are the extra options you can choose from.
The bank has strong correspondent relations for cash and commercial transactions with a number of major international banks, a direct result of the commercial diplomacy carried out by their Chairman. One thing we particularly like is that they have built in resilience to their correspondent network with accounts around the world.
The bank also offers the escrow account opening. Being holder of this account, you can buy real estate, crypto coins and other assets other assets much more securely. Bank employees also assist their clients with obtaining citizenship for investments in Nevis.
Types of Clients and Due Diligence for Corporate Account with a Bank in Nevis
The bank offers you an opportunity of opening the following types of accounts:
Business account for businesses and IBCs, LLCs, Trading Trusts etc;
Escrow account for buying and selling any asset worldwide;
Private banking for high-net-worth individuals, trustees and family offices;
Private personal account.
We would like to offer you the opening of a business account for your company: including cases when your company is incorporated offshore or where our company did not do the initial incorporation. We can help you with preparation and certification of the necessary documentation.
Before you open your bank account, you must undergo a thorough due diligence check. It is performed by a third-party professional company. The cost of this check is USD 3,000, but the payment is only made upon the final approval of the bank. If the bank rejects your application, you will not have to pay anything.
The bank issues VISA debit cards.
The account is controlled via 24/7 online banking. This makes it possible to transfer your funds and pay your bills at any time of the day from anywhere in the world. Express wire transfers are typically executed within three hours.
It has already been mentioned above that the escrow account is a convenient instrument for buying and selling assets. The bank offers buying cryptocurrencies as well. It accepts USD transfers from other institutions that trade cryptocurrencies.
Citizens of any country except those subject to US sanctions (Cuba, Venezuela, Iran, North Korea etc can open a corporate account.) It is worth noting that citizens of sanctioned countries who have residence in the USA can be accepted.
The account can usually be opened in well under a week once all account opening documentation is ready.
When you open an account, you will need to make a minimum deposit within 5 days. For a business account, it is USD 100,000. It is important that the bank does not accept cash. Your deposit can be made in any major currency or in the form of bonds and other securities.
After the bank receives the minimum deposit, you will be able to use the funds at your discretion – in other words, you could wire the money out again the next day.
The bank has no requirements as to the minimum account balance, and no monthly maintenance fee is charged.
Documents Necessary for Opening a Corporate Bank Account in Nevis
Opening of the account involves collecting and preparing the following documents:
Notarized copy of the account holder company’s Certificate of Incorporation;
Notarized copy of the account holder company’s Certificate of Good Standing (if more than one year old)
Notarized copy of the founding documents (Memorandum, Articles of Association, etc.);
Notarized copy of the Corporate Resolution on opening of the account;
Copy of the owner’s consolidated annual financial statements if applicable;
Notarized copies of two different forms of government-issued photo ID (one of which should be a passport);
Notarized copy of the document confirming the physical address of residence (a utility bill);
Two letters of reference issued by professionals such as lawyers, accountants or bankers;
Signed client’s application.
All these documents must be scanned in high definition, and translated if not in English.
The bank may request additional documents or the original copies of papers listed above.
Each document may not be older than six months at the time of sending it to the bank.
Procedure: How Do I Open a Corporate Bank Account in Nevis?
First of all, please write to email@example.com and tell us you would like to open a corporate account in Nevis, or feel free to ask any questions and discuss other options with our professional consultants.
Our expert will request certain general information to assess the possibility of providing this service.
After that we will ask you to pay for the account opening procedure in the amount of 3999 EUR. You can use your card, bank transfer, Western Union, WebMoney and Bitcoin.
Please send us the necessary documents. We will review them and send them to the bank for consideration.
Once the application has been approved by the bank, you will need to send a minimum deposit to your account within 5 days.
Once the funds arrive into your account, it will be fully activated and you will be able to control it as part of your regular tasks.
Do you have any questions? Do not hesitate to email our experts to firstname.lastname@example.org and we will get you the answers you need!