Sep 17, 2016

Corporate Account Opening With Investment Bank In Saint Vincent With Transaction Only Banking And Low Minimum Deposit.

The Offshore Pro Group offers you the ability to open a corporate account in Saint Vincent with a bank that offers the following benefits:

  • Transaction only bank (no loans or client asset speculation)
  • Remote account opening – no need for you to visit the bank
  • Low minimum deposit and maintenance balance
  • Multiple currency accounts
  • Fast account opening
  • Wide range of investment products
  • Internet / mobile banking
  • Bank cards

Contact us via email [email protected] for totally professional advice about opening a corporate account with this bank in Saint Vincent. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.

Your Corporate Account In The Jurisdiction Of Saint Vincent

A Caribbean island, Saint Vincent and the Grenadines is more commonly known as just Saint Vincent. The country is situated 1600 South East of Miami and 100 miles from Barbados. The country uses common law for its legal system and is a parliamentary democracy. Saint Vincent is a member of the Caribbean Community (CARICOM), the United Nations and the Organisation of East Caribbean States (OECS). There are approximately 105,000 people resident in Saint Vincent.

The main industry in Saint Vincent is tourism and the economy of the country is stable. The GDP per capita is approximately $12,000 and the country has experienced a small GDP growth for a number of years. The official currency of Saint Vincent is the East Caribbean Dollar (XCD) which is pegged to the US Dollar and is a stable currency. Saint Vincent is socially and politically stable.

There have been a lot of recent changes to the Saint Vincent financial industry as the government was determined to enhance the reputation of the country as a top international banking jurisdiction. A new administration called the International Authorities for Financial Services was introduced with the responsibility of controlling the offshore banking industry. More stringent regulations and systems have been successfully introduced and this helped to eradicate money laundering problems in the banks.

When you open a corporate account in Saint Vincent your account will be protected by their privacy laws. Other jurisdictions do not have the same kind of laws and will often provide details of your account to outside agencies without going through legal channels. The banks in Saint Vincent are bound by law not to do this and will only pass on details if a court order is in place.

A stable economy, political and social stability, a stable currency and all of the recent financial industry changes in the country make Saint Vincent an attractive Jurisdiction for the protection, diversification and enhancement of your assets.

Protect Your Assets In This Private Bank In Saint Vincent

This aim of this bank is to provide its clients with the highest quality international banking service. They will also provide their expertise to you and develop investment strategies and offer their successful trading platform to you. A high client focus is their watchword and they will provide total support to you when you open a business account.

This bank is rare in that it offers “transaction only banking” which makes it financially secure. For all of its deposit currencies the bank maintains a ratio of 100%. The bank has never and will not ever issue loans and nor will it speculate with the assets of the clients. This is a major benefit as most offshore banks will speculate with their client’s assets and make loans.

This bank had no correspondent accounts for the US Dollar (USD) from November 2015 up until 1 August 2016. During this period of time the bank has provided a dedicated team to resolve this and spent a lot of money on the problem. The result of this has been the securing of a new USD correspondent account. This adds to the already impressive list of correspondent banking partners which includes Westpac, Novo Banco, Mizuho and NatWest. Now all clients are benefiting from the USD incoming services that this new correspondent account brings. You can operate your business in all of the major currencies.

At this bank you will find an experienced and diverse team of managers, researchers, support staff and consultants that are actively seeking innovative investment opportunities for you all of the time. They will then provide you with the most up to date investment advice.

These professionals at the bank are always there for you and will provide recommendations for investments that have been thoroughly researched and analyzed. Insights into emerging markets and non US Dollar (USD) denominated assets will be provided to you.

To take advantage of the investment philosophy of the bank you can take advantage of their mutual fund programs and managed accounts. You do not need to invest a lot of money to benefit from these programs. The cutting edge philosophies applied will ensure you a good return.

Corporate Account Services From This Saint Vincent Bank

You can open a non resident corporate account with this bank remotely. There is no requirement for you to visit this bank. After your account has been opened you will have full access to all banking services and investment advice to protect and diversify your assets.

You can open a corporate account and if it is important for your business you can hold multiple currencies in your account. Funds can be held in US Dollars (USD), British Pounds (GBP), Canadian Dollars (CAD), Japanese Yen (JPY), Australian Dollars (AUD), Swiss Francs (CHF), New Zealand Dollars (NZD), Euros (EUR) or Polish Zloty (PLN).

A personal banker will be dedicated to you and they will want to know as much about your business and financial goals as you can tell them. The personal banker assigned to you will be fully committed to assisting you with the achievement of your business and financial goals. You will be able to communicate with your personal banker using the telephone, using email or via Skype. Your personal banker will respond to you during normal banking hours in Saint Vincent.

The bank offers term deposits which provide a steady return while protecting the principle capital and have the flexibility of liquidity. The bank is able to offer higher than usual interest rates and you can make term deposits in either NZD or AUD. You will not be confronted with maximum deposit terms and the interest is paid and compounded every month.

The bank has a brokerage service that it offers through its wholly owned subsidiary which has been providing trading solutions to clients for several years. The trading program is downloadable and will work with a Mac, a PC, a tablet device or a smart phone. With this platform you can trade Bonds, Stocks, Futures and the foreign currency market (FOREX). You will discover tradable instruments are available from Asia, Australia, Europe and the USA.

Mutual funds are on offer with a minimum investment of just 2500 US Dollars. You can choose from high yield funds, natural resource funds, a diversified strategies fund, an international value fund and a gold and precious metals fund.

With a larger investment of $100,000 or greater you can opt for a managed portfolio of fixed income and global equities. You will be provided turnkey access to a diversified investment portfolio with managed accounts and they will be transparent in a similar way to holding a brokerage account. Precious metals are also available from this bank being gold, platinum and silver.

The bank can provide you with a bank card that is accepted in over 200 countries throughout the world and makes access to your capital secure and simple. Millions of merchants will accept the card as a form of payment and you can use the card at ATM’s as well. There are multiple currency options with the card.

A 24-hour a day online banking service is available to you from this bank. You will be able to access your account from anywhere in the world and at any time. The bank uses the latest high security standards with this service so that your data and transactions will always be secure. If you have a bank card then you will be able to load it with the necessary funds using this service. You can view the balance of your corporate account and view transactions and statements. You will also be able to send messages securely to your personal banker with this online banking service.

The minimum deposit required for a corporate bank account is only 500 US Dollars (USD). You must maintain an account balance of at least 360 US Dollars (USD) at all times. This deposit and minimum maintenance amount are a major benefit as similar offshore banks would require a lot higher deposit and minimum balance for a corporate account.

The transaction fees that the bank levies are always subject to change, it is important that you check the current fees with your Offshore Pro Group international banking consultant. If you are interested in receiving the very best rates, you can state that you require beneficial international banking fees when you complete the international bank selection form.

Important Note: This bank will not open corporate accounts for citizens of the USA, Russia or the Ukraine. It will not accept any transactions from Russia or the Ukraine.

To Open A Corporate Account With This Bank In Saint Vincent Please Follow This Procedure

In order to be successful in opening a non-resident corporate account with this bank in Saint Vincent it is essential that you follow this step by step process:

  1. Contact us via email [email protected] for totally professional advice about opening a corporate account with this bank in Saint Vincent. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.

It is vital that you fully understand the risks of non resident banking in today’s climate and strongly consider opening a second foreign bank account.

  1. We will provide total professional assistance to you in opening a corporate account at this bank in Saint Vincent, and for this you will need to pay a fee of 2999 EUR. You can pay by credit card, bank transfer, Money Gram, Western Union, Web Money or even Bitcoin.
  1. The bank will require all proposed account signatories to supply certified documentaion in English (or translated into English) to open a corporate account. You will need to provide:
  • A certified copy of the passport (the page that has the photograph and signature)
  • An original utility bill (which is less than two months old) or a bank statement that provides proof of address.
  • A bank reference letter for the beneficial owner. It this is not available then please submit statements from the same bank showing recent transactions ans transactions over six months old
  • Corporate Bank Contract and Source of Funds signed form

The following certified documents in English (or translated into English) must be provided:

  • Copy of Certificate of Incorporation / Registration
  • Certificate of good standing / incumbency / Extract of Registry (if the company is older than 1 year)
  • Notarized copy of Memorandum and Articles of Association / Incorporation OR Articles of Incorporation and Bylaws
  • Register of directors
  • Register of shares
  • Corporate resolution authorizing account opening with Euro Pacific Bank
  • A power of attorney for opening and managing the account if the person’s rights to open / close an account are not clear from the constituent documents of the company
  • Copy of Declaration of Trust (in case of nominal shareholder)

If any trustee, director, settlor, shareholder, officer, manager or member of the company is itself a legal entity (e.g. trust, corporation, IBC or LLC), please submit the above requested documentation as if it were applying for an account.

Once you have submitted all of the required documents we will check them thoroughly and pass them on to the bank as quickly as possible. You will need to wait for up to 7 business days for your Saint Vincent corporate foreign account to be opened at the bank.

To begin the process of opening a corporate account at this Saint Vincent bank, please contact us by email [email protected]