Overview:

We currently work with two banks in Cayman. One is a small private bank with only basic depository services, while the other two are the subsdiaries of medium-sized universal commercial banks operating in other countries in the region. Clients are typically attracted to Cayman more for private and investment banking purposes or fund management than for typical accounts. As a British territory, Cayman no longer has bank secrecy.

 

Target clients:

Worldwide. US and Canada accepted.

 

Languages:

English, Spanish, Portuguese.

 

Specific features:

  • Good for clients setting up investment funds.
  • Good Latin America experience

 

Plastic cards:

USD Visa products.

 

Documents and Account Opening Process:

  • Standard set of documents, no apostille required.
  • Bank reference, or reference request form.
  • Proof of source of funds and detailed written business description
  • Passport .

Documents must be prepared in hard copy and sent by courier.

 

Deposit requirements:

USD 5000

For further information on procedures and fees for opening your Cayman Islands offshore bank account, contact Offshore Pro Group today!