CARIBBEAN BANK ACCOUNTS

We deal with the following Caribbean Locations although the bulk of accounts which we open are in the locations described in detail, these location are bold and will direct you to the location.

• Anguilla
• Antigua & Barbuda
• The Bahamas
• Barbados
• Belize
• British Virgin Islands
• The Cayman Islands
• Dominica
• Grenada
• Jamaica
• Netherlands Antilles
• St. Kitts & Nevis
• Saint Lucia
• St. Vincent & the Grenadines
• Trinidad & Tobago
• Turks & Caicos Islands

ANTIGUAN BANK ACCOUNT

We arrange fully featured accounts in Antigua. The Antiguan account offers you full internet banking services together with a multi-currency account and debit card.

To establish your company's account, the following documents are required:

Upon receipt of the documents the bank allocates an account number and the formalities are normally complete in 7-10 days.

Initial Deposit You can maintain any account balance and deposit funds into your account by wire transfer. A minimum balance is not required in multi-currency accounts but we recommend transferring an amount that after all charges will exceed USD1000 to avoid any unnecessary fees being levied on the account.

Set Up Fee $550 ⁄ €425 ⁄ £295
Please Note: We also arrange personal accounts in Antigua if required.

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BAHAMAS BANK ACCOUNT

The Commonwealth of The Bahamas is an independent English-speaking nation in the West Indies. An archipelago of 700 islands and cays (small islands), the Bahamas is located in the Atlantic Ocean, east of Florida in the United States, north of Cuba and the Caribbean and northwest of the British dependency of the Turks and Caicos Islands.

The Bahamas is a highly developed and efficient offshore jurisdiction. We deal with several banks but all share a commitment to make banking as easy and convenient as possible. As a result, all Bahamian banks offer comprehensive online access.

Set Up Fee $550 ⁄ €425 ⁄ £295

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BARBADOS BANK ACCOUNT

Barbados is a fairly typical Caribbean Island but with a developing banking and financial services sector. Historically, the economy of Barbados had always been dependent on sugarcane cultivation and other farming activities; in recent years the island has diversified into manufacturing and tourism as well as financial services. These offshore finance services have become an increasingly important earner of foreign exchange. In the last ten years the Government has been seen as business friendly and economically sound. Since the late 1990s the island has also experienced an increasing construction boom with new hotels, redevelopments of old residential areas, new homes, office complexes, apartments, and mansions being developed all across the island.

Many offshore banks are located on the island and we have various recommendations depending on your personal needs.

Banking Arrangement set up fees start from $550 ⁄ €425 ⁄ £295
If you contact us we can discuss the various options

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DOMINICA BANK ACCOUNT

We work with one of the most renowned private banks in the country. A full range of credit and debit cards guarantees access to your funds 365 days a year from almost anywhere worldwide. You can also access your Dominican bank account via the internet, as well as by phone or fax.

We can arrange both personal and corporate Internet Bank accounts. The procedure is straightforward, you simply fill out the application form and fax or email it to us for checking. Once everything is correctly completed, it is then sent along with supporting documents to the bank's offices. If you need to get things moving more quickly, we can forward the scanned or faxed copies to the bank and they can start processing the application before the hard copies arrive. To apply for Dominica offshore banking, you will need to complete the application form and signature cards. The bank will also send you an unsigned Board Resolution appointing the authorised signatories.

When the bank receives these documents, they will contact you directly with an account number, providing all is in order. In Dominica your privacy is ensured and protected under the Law and, for this reason, the island has become one of the Caribbean's premiere banking centres.

The minimum initial deposit for this bank account is 1000 USD or equivalent in another currency. This deposit is paid directly to the bank.

Set Up Fee $550 ⁄ €425 ⁄ £295

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ST KITTS AND NEVIS BANK ACCOUNT

Nevis was recently named by the FATF as a money-laundering centre although, surprisingly, in our experience the banks take very active steps to discourage dirty money so why Nevis was listed is completely beyond us. We can open an account for you here at a reputable and efficient local bank but this is only for individuals or Kitts and Nevis registered entities. In addition, the bank only handles USD or local currency. You will need to provide a reference and utility bill although the general opening procedures are quite straightforward and the bank issues a good range of credit and debit cards and provides a range of services including Internet banking.

To apply for St Kitts & Nevis offshore banking, you will need to complete the application form and signature cards. You must then send the following documents directly to the bank:

Set Up Fee $550 ⁄ €425 ⁄ £295

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ST VINCENT BANK ACCOUNT

St Vincent and the Grenadines, part of the Windward Islands, are located in the Caribbean. Their closest neighbours are Grenada, 120 km (75 miles) to the south, St Lucia, 40 km (24 miles) to the north and Barbados, 160 km (100 miles) to the east. St Vincent is the largest of the more than thirty islands that comprise the nation covering roughly 390 sq. km (150 sq. miles). The Grenadines extend 72 km (45 miles) to the southwest, like a kite's tail. The major islands, north to south, are Young Island, Bequia, Mustique, Canouan, Mayreau, Union Island, Palm Island, and Petit St Vincent.

Agriculture, dominated by banana production, is the most important sector of this economy. The services sector, based mostly on a growing tourist industry, is also important. Recent growth has been stimulated by strong activity in the construction sector and an improvement in tourism. The continuing dependence on a single crop represents the biggest obstacle to the islands' development; as a result the islands are keen to develop their offshore financial services sector.

We deal with a local bank that also has a presence in Europe. This European connection can be useful to a number of clients who operate in the EU. The bank offers a variety of personal and corporate accounts in most major currencies. Both types of accounts can be held in USD or EUR, GBP, CHF and JPY.

The Bank's Products and Services:
Accounts The main currency of the Bank is US dollars. If you have a USD account with a Digipass device you are also able to open and maintain your accounts in other currencies such as EUR, GBP, CHF and JPY.

You may choose between:
A Current account in USD with bankcard only, or
A Current account(s) denominated in the following currencies: USD (with Cirrus/Maestro debit card) or EUR / CHF / JPY / GBP.

Please note that to manage multi-currency accounts you will need the Digipass device.

YOU CAN ACCESS YOUR ACCOUNT VIA THE FOLLOWING ROUTES:

Internet Bank with your Internet Access Code, provided at account opening:
Check your current account balance;
Check your history of transactions categorized by time or amount.

Internet Banking with the Digpass:
Check your current account balance(s), all booked transactions or incoming transactions;
Place time deposits and check their balance;
Execute both internal and external bank transfers;
Execute exchange transactions with currencies in which you have current accounts.

Telebanking with the Digipass:
Check your current account balance(s), last online/booked/ bankcard transactions
Execute both internal and external bank transfers;
Execute bankcard operations (bankcard stoppage without replacement, bankcard stoppage with replacement and bankcard replacement);
You can always withdraw money using your USD bankcard at ATM cash machines and pay for products and services at POS merchants which display the Maestro/Cirrus logos.

Requirements for a Corporate Account:
The following documents are required.

Upon receipt of your documents and approval of the applications, the bank issues your Account Number (12 digits) and Customer ID (8 digits). You will be informed via e-mail as soon as this is complete.
Once you have your Account Number, Customer ID and wire details, you can transfer funds to your account.

The blocked amount (US$60 or US$120 in case of account with the Digipass device) will be blocked from the initial minimum deposit.

Once the funds are on your account a US$ Maestro/ Cirrus debit card will be issued. First the PIN code for your debit card, together with the 8-digit Internet Access Code for balance enquiries, Account Number and Customer ID will be mailed to you.
Second, US$ Maestro/ Cirrus debit card together with Digipass (if requested) will be sent separately within the next few days.

You should receive all of the above items within 5-12 business days from the date of dispatch (depending on your location). The bank can arrange FedEx or DHL delivery if preferred at $75 although international registered mail is normally fine.

Set Up Fee $550 ⁄ €425 ⁄ £295

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ST VINCENT / SWISS BANK ACCOUNT AND COMPANY FORMATION

For clients seeking more than just the normal corporate or personal banking facilities, we can also arrange an account in St Vincent with a subsidiary of a Swiss-registered private trust company which has been in business for over 75 years. This provides access to extensive Swiss experience in financial services and a solid financial foundation with access to correspondent banking relationships worldwide. These correspondent relationships allow the Bank's customers to expeditiously conduct their cross-border, multi-currency transactions. Swiss dedication to excellence, customer service and respect for privacy also comprise the ideals of the bank. The bank will structure companies and trusts as well as providing nominee and attorney services. This provides a perfect combination of Swiss and Caribbean facilities at a realistic price.

The combination of Swiss banking expertise combined with a St Vincent and the Grenadines IBC is a vehicle of choice for persons seeking a flexible and modern corporate vehicle through which to do business. The IBC is guaranteed to be 100% exempt from any corporate, income, withholding, capital gains or other taxes on income or assets for at least 25 years.

Our fees to arrange an introduction to this Swiss Owned Bank are $950 ⁄ €699 ⁄ £499

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