Opening a private bank account in Nevis

Opening a personal account in an offshore bank with an acceptable service fee, but without complicated obligations, in order to service your cash flows – yes, it’s quite possible! The account in an offshore bank can significantly improve the quality of your international payments. A personal account in the bank in Nevis offers various advantages, including remote account opening procedure, which may take 1-2 weeks (depending on the quality of the submitted documents), and quick payment processing.

Opening a Personal account in Nevis: Key Benefits 

Nevis is a well-known jurisdiction, which is often associated with offshore business due to its favourable tax policies. However, you will not find it on OECD’s black and gray lists. The authorities in Nevis actively collaborate with international organizations, following all the necessary requirements. At the same time, local financial institutions ensure a high level of confidentiality of customer data. 

We offer you assistance in opening a personal account in the bank in Nevis that has correspondent relationships with a number of leading international banks, including the Bank of China, Metropolitan Commercial Bank (USA), and a number of correspondent banks from the UK and Abu Dhabi. This allows this bank to make fast dollar and euro transfers around the world via the SWIFT system.

Services for Individuals

Opening a private bank account is not the only benefit Nevis has to offer. There are various other services for non-residents, which allow clients to meet their financial goals. Such services include:

• Quick money transfers in all major world currencies; 
• Convenient 24/7 online banking, providing access to your accounts from any location in the world; 
• Brokerage services; 
• Trust asset and capital management; 
• Investment services; 
• Registration of letters of credit and guarantees; 
• Opening special accounts for servicing transactions of purchase and sale of real estate or other assets.

Key Features of the Bank in Nevis 

Opening a personal account in the Nevis bank can be done fully remotely, and if you provide well-prepared documents, it can also be quite fast. The financial institution specializes in quick international transfers in euros and US dollars. The bank does not work with cash, except some special cases. It also does not directly accept cryptocurrencies, but it credits payments that originate from crypto. However, one has to provide documentary evidence of such transactions (for example, purchasing cryptocurrency with subsequent exchange). 

Since the bank works round the clock, customers can make transactions at any time and from any location in the world.

Citizens of most countries of the world can become clients of the Nevis bank, but only if they successfully pass the due diligence procedure. 

Processing of the client’s application and documents takes about 1-2 weeks. The length of this procedure is directly affected by how correctly the client fills out the questionnaire and how well the document package is put together. Therefore, we recommend you to contact International Wealth experts at the initial stages of opening a personal account in a foreign bank, which will help save not only your time and money, but also your reputation. We all know that the latter is quite easy to spoil by entering incorrect data in the client’s questionnaire or by making a mistake during an interview with a bank manager.

Limitations of the Bank Services in Nevis 

• making an initial deposit in the amount of $100,000 (that can later be used by the client) is an obligatory requirement for clients wishing to open a personal account;
• the financial institution does not serve citizens of Iran, North Korea, Syria, and Venezuela.

Filling out the customer questionnaire and providing personal documents are the obligatory requirements according to the KYC procedure.

What you Need to Know to Open a Personal account in the Nevis Bank

After opening a personal account is approved, the client must transfer the minimum deposit within 5 working days. The transfer can be made in US dollars, euros or other popular world currencies, as well as in securities. Also, the financial institution can credit the money received from transactions in bitcoins or other cryptocurrencies as the initial deposit. 

In the future, the client can manage the whole balance on their account, since Nevis Bank does not set any obligations connected with a non-reducible balance. 

The bank in Nevis has a creative approach to its fees. It does not apply a monthly fee, but charges a fee only after the first year of service. This fee amounts to $5,000. Thanks to this approach, clients get enough time to figure out if the institution is suitable for solving their financial goals. 

Documents Required to Start a Personal account in Nevis

To obtain a personal account in the Nevis bank, an individual must provide: 

• a passport; 
• a second personal identity document (a driver’s license, a national passport, etc.); 
• documents confirming the place of residence (real estate sale and purchase agreement, utility bills); 
• letter of recommendation from the current bank

If necessary, the bank may require additional documents as part of the KYC procedure. 

All the documents must be scanned and e-mailed in PDF format (photos are not accepted). You do not have to send paper copies of the documents via international mail, which saves time and money.

Key Requirements to Documents

The submitted documents must be:

• translated into English;
• issued within the last 6 months;
• notarized.

Step-by-Step Procedure for Remote Opening of a Private Bank Account in Nevis 

The process of opening a personal account by an individual can be tentatively divided into the following stages:

If you are interested in opening a personal account in Nevis and want to discuss the possibility of opening it with our expert, and also if you are wondering whether it may be suitable for your financial goals, please contact us via e-mail: info@offshore-pro.info or ask your questions in our online chat, on WhatsApp, Signal etc.