If you are looking for an effective offshore bank account suitable for non-resident corporations with full SWIFT access, we can offer you a solution: a corporate bank account in Nevis.
This bank account is ideal for those doing international business, including trading and business services companies, IT contractors and online marketing, even to firms working on the blockchain since this bank is crypto-friendly. Actually, this bank will accept any business that is legal and does not involve US-sanctioned countries.
As an additional benefit, the bank does not charge any account maintenance fees. The whole procedure of opening a corporate account is carried out over the internet, with no hard copies required.
A Corporate Bank Account in Nevis and Its Advantages
Readers of the Internationalwealth.info portal are often interested in the possibility of opening a corporate bank account in the island of Nevis. Nevis that is an offshore centre in the Caribbean region, and an independent stable state (part of the Federation of St. Kitts and Nevis) with its own banking system and banking secrecy, securely enshrined in the law.
Originally, the Nevis International Banking Ordinance was designed to give a boost to the development of Nevis as an offshore banking financial centre… as well as to ensure incentives for the country’s development by cutting taxes, as well as providing benefits to encourage development of local offshore banks. Banking legislation is stable and backed by a strong regulatory framework to protect depositors’ funds and to maintain acceptable accounting standards, complying with the bank capital requirements.
This particular bank, our strongest partner bank in Nevis, offers a full range of banking services:
- opening of deposit accounts with attractive interest rates
- credit and debit bank cards
- currency exchange services (both fiat and crypto currencies)
All the above services are available to the bank’s clients. So, your bank account in Nevis can become an excellent instrument for the modern international business persons who are always focused on developing their company and increasing its profits. This international bank in Nevis operates via a direct connection the SWIFT system. Thanks to that, it can carry out fast transfers in EUR and USD together with nine other major world currencies.
As the largest global bank in the entire region, this Nevis bank has an exceptional balance sheet with excellent ratios and no loan exposure. Their motto is efficient customer onboarding, superb client support, and advanced 24/7 e-banking.
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. 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 has reliable correspondent relations for cash and commercial transactions with many major international banks which is a direct result of the commercial diplomacy carried out by their Chairman. What is especially valuable, they have built in resilience to their correspondent network with accounts around the world. 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 also offers the escrow account opening. Being a holder of this account, you can buy real estate, crypto coins and other assets much more securely. Bank employees can also assist their clients with obtaining citizenship by investment in Nevis.
Company Incorporation in Nevis
You are certainly interested in doing international business, which means that we continue with the topic. The offshore bank was established in 1998 under the 1984 Nevis Business Corporation Ordinance Act as a subsidiary of its parent bank.
At the offshore bank, you can get a full range of services enjoyed by the Limited Liability Companies (LLCs) incorporated in Nevis, International Business Corporations (IBCs) and trusts. By the way, an ordinary Nevis LLC is a simple company, inexpensive in terms of incorporation and maintenance, while providing good protection of capital (and together with the New Zealand Partnership, this protection becomes iron-clad). A Nevis LLC can be the great alternative to a trust established in Nevis.
|Incorporation of an LLC/IBC||USD||Service timelines|
|Basic Package of Your Company’s Corporate Papers that Includes:|
Certificate of Incorporation;Endorsement Certificate;Articles of Incorporation;Certificate of Notary Public;Designation and acceptance of Registered Agent;Transfer of Subscription Rights;Appointment of director;By-laws;Written Resolution of Director;Register of Directors;Register of Officers;Register of Shareholders;Share Certificate(s).
|1899 USD||2 to 3 working days|
|Apostille Package:Certificate of Incorporation;Endorsement Certificate;Articles of Incorporation;Certificate of Notary Public;Designation and acceptance of Registered Agent;Transfer of Subscription Rights;Appointment of director;By-laws;Written Resolution of Director;Register of Directors;Register of Officers;Register of Shareholders;Share Certificate(s).One set of apostilled copies of corporate documents.||2499 USD||5 to 6 working days|
|Apostille Package + Full Nominee Service:|
Company incorporation;State registration fee payment;Registration agent services in Nevis;Registered office (legal address) in Nevis;One set of the corporate documents originals;One set of apostilled copies of corporate documents.Nominee Director/Manager**;Apostilled Power of Attorney, original copy;Nominee Shareholder/Member**;Trust declaration, original copy;One set of copies of the corporate nominee documents, apostilled;One set of copies of corporate documents;Company Certificate of Stable Financial Position;Certificate of Incumbency;Copy of the Power of Attorney;Copy of trust declaration;Passport copy;Copy of the utility bill;Letter of reference from a bank or a statement on the account.Courier delivery worldwide.
|7949 USD||6 to 8 working days|
|Company’s Annual Renewal Fee:|
State renewal fee payment;Registration agent services in Nevis;Registered office (legal address) in Nevis;Scanned copy of the renewal certificate.
|1699 USD||3 working days|
|Annual Payment to the Company’s Nominees in Nevis:|
|Nominee Director/Manager (Nevis corporation)||1399 USD||1 working day|
|Nominee Shareholder/Member (Nevis corporation)||1399 USD||1 working day|
|Nominee Officials (Nevis Corporation)||1399 USD||1 working day|
|Additional Documents Issued after the Company’s Incorporation:|
|Set of notarized copies of corporate documents.||600 USD||1 to 2 working days|
|Set of notarized and apostilled copies of corporate documents;||799 USD||2 to 3 working days|
|Copy of the Certificate of Incorporation.||400 USD||1 to 3 working days|
|Register preparation Managers/Members/Shareholders/Directors/Officers||200 USD||2 working days|
|Preparation of the first Board Meeting Minutes||450 USD||from 2 working days|
|Share Certificate||200 USD||2 working days|
|Finding a company||500 USD||2 to 3 working days|
|Simple Power of Attorney||399 USD||1 working day|
|Notarized Power of Attorney||599 USD||1 to 2 working days|
|Apostilled Power of Attorney||799 USD||2 to 3 working days|
|Simple Trust Declaration||400 USD||1 working day|
|Notarized Trust Declaration||600 USD||1 to 2 working days|
|Apostilled Trust Declaration||800 USD||2 to 3 working days|
|Additional Certificates Issued Upon the Company’s Incorporation:|
|Simple Certificate of Good Standing||680 USD||2 to 3 working days|
|Apostilled Certificate of Good Standing||880 USD||2 to 3 working days|
|Certificate of Incumbency (Simple)||490 USD||1 working day|
|Certificate of Incumbency (Notarized)||690 USD||1 to 2 working days|
|Certificate of Incumbency (Notarized, with Apostille)||890 USD||2 to 3 working days|
|Tax-exempt letter||500 USD||2 to 3 working days|
|Apostilled tax-exempt letter||700 USD||2 to 3 working days|
|Company Liquidation Certificate||1700 USD||up to 7 working days|
|Certification and Notarization:|
|Certificate signed by the Registration Agent (per document)||150 USD||2 working days|
|Notarization, per one document||200 USD||2 working days|
|Apostille, per one document||250 USD||2 to 3 working days|
|Letter of Certification from the Register||500 USD||5 workdays|
|Changes to the Company Name/Capital/Structure:|
|Company name change (no seal)||800 USD||up to 7 working days|
|Company name change (with a seal)||1220 USD||up to 7 working days|
|Changes to the share capital||1625 USD||up to 7 working days|
|Change of Officers/Directors/Managers (including drafts, registers)||800 USD||up to 5 working days|
|Change of Shareholders/Members (including drafts, registers and up to 2 Share Certificates)||800 USD||up to 5 working days|
|Transfer of shares/ownership, includes Minutes and up to two new Certificates||1200 USD||5 working days|
|Amendments to the Articles of Association (addition to a paragraph, capital change, any change in the Company’s Articles stamped by the Register)||1200 USD||up to 7 working days|
|Reissue of incorporation documents||1625 USD||up to 7 working days|
|Making Changes to the Company After the Incorporation:|
|Continuation (Change of the company’s registration country)||2520 USD||T.b.d. individually|
|Certificate confirming the change of jurisdiction||1200 USD||up to 7 working days|
|Transfer of a company to Nevis||1500 USD||T.b.d. individually|
|Fast-track transfer of a company to Nevis||3000 USD||up to 7 working days|
|Recovery of the company struck out of the Register||1700 USD||2 to 3 working days|
|Company liquidation||1700 USD||up to 7 working days|
|Transfer Out (Change of the registration agent)||1999 USD||2 to 3 working days|
|Transfer In (Change of the registration agent)||500 USD||T.b.d. individually|
|Signing of a document by the Nevis nominee:one signature on a corporate document (per 1 document)one signature on a bank form (per 1 document)|| 160 USD|
|1 to 2 working days|
|Scanned copy of a document (per 1 page)||100 USD||1 working day|
|International courier delivery||200 USD||2 to 4 working days|
|Rushfee (fast document preparation). The cost is specified per one operation||150 USD||2 working days|
|Professional Director Services||3400 USD||T.b.d. individually|
|General advice||Contractual||T.b.d. individually|
|Legal advice||Contractual||T.b.d. individually|
|Substance for Nevis Company:|
|Financial report (up to 20 transactions)||1900 USD||T.b.d. individually|
|Financial report (from 20 transactions)||from 1900 USD||T.b.d. individually|
|Website development fee, State Registration fee and Registration Agent fee||This cost depends on the complexity||T.b.d. individually|
|Virtual Office (Panama)Address;Mail/Courier;Phone with a message-recording function.||3000 USD||up to 7 working days|
Benefits of the Island of Nevis
If you have not yet decided about opening a bank account in Nevis, I have got some excellent arguments I would like to share with you! All of them are related to the international bank in a well-regulated jurisdiction that offers upscale advantages, namely:
According to the 1985 Confidential Relationships Act, any unauthorized disclosure of information to the third parties is strictly prohibited.
Nevis complies with the highest international FATF regulatory standards since the introduction of anti-money laundering provisions under the Proceeds of Crime Act 2000 and the Anti-Terrorism Act 2002.
The bank in Nevis offers a great opportunity for its customers to enjoy the benefits of the jurisdiction that promotes privacy, freedom of action and the preservation and protection of the corporate structures of any complexity.
Located in the Eastern Caribbean, three hours from the United States of America and eight hours from Europe, the Islands of Nevis and St. Kitts constitute a sovereign and democratic federative state. Nevis has its own autonomous legislative body that enacts laws governing the international financial and related services.
Stability, Safety and Security
Nevis has a long history of political and economic stability. Its parliamentary and legal systems are based on the British government model and Common Law.
Information on the Bank in Nevis
The bank in Nevis opens non-resident accounts in US dollars, euro and nine other major world currencies. We will be happy to assist you with 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 prepare the necessary documentation and get it certified.
In order to open a bank account, you must undergo a thorough due diligence check. It is carried out 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 (deducted from the first deposit). If the bank rejects your application, you will not have to pay anything.
Online banking is provided 24/7. You will be able 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.
The above-mentioned escrow accounts are a convenient instrument for buying and selling assets. The bank also offers buying crypto-currencies. It accepts USD transfers from other institutions that trade crypto-currencies. Nationals of any country except those subject to US sanctions (Cuba, Venezuela, Iran, North Korea etc) can open a corporate account. (It is important to note that citizens of sanctioned countries who have residence in the USA can be accepted case by case)
The account-opening procedure usually takes well under a week once all account-opening documentation is ready. When your account is open, you will need to make a minimum deposit within 5 days. For a business account, it is USD 100,000. It is important to be informed 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. Having received the minimum deposit, the bank will provide you access to your funds which you will be able to use at your discretion, that wire the money out again the next day. Visa debit cards are available.
Benefits of Opening a Corporate Bank Account in Nevis
In order to open a corporate bank account, one should prepare the following documents:
Two letters of reference:
- One from your banker and
- One from a professional (a lawyer, an accountant or any other certified professional)
These references must be made on the official letterhead specifying the address, name and phone/fax numbers of the institution.
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 (e.g. a utility bill, a bank statement, a credit card statement with your name and address on it).
Notarized copy of the founding documents (Memorandum, Articles of Association, etc.)
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 Corporate Resolution on opening of the account
Copy of the owner’s consolidated annual financial statements if applicable
Signed client’s application.
If you are interested in opening any account with a foreign bank or you would like to open a bank account in Nevis but you are not sure whether this bank is what you need, you can save your time by sending your answers to the questionnaire that will help select the right bank to the email: email@example.com.
The nature of the funds that you plan to deposit to the account and use the account for is no less important than the confirmation of the origin of the source of funds.
Should 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!