Oct 3, 2016

Personal Account Opening With No Minimum Deposit In A Non Resident Client Only Bank In Vanuatu With Client Orientated And Multi Currency Accounts.

The international banking professionals at the Offshore Pro Group offer you the ability to open a private account in Vanuatu with a bank that offers the following benefits:

  • Client orientated bank
  • No minimum deposit
  • Multi currency accounts
  • Remote account opening
  • Range of investment products
  • Online banking

Contact us via email [email protected] for the right professional advice about opening a personal account with this bank in Vanuatu. 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.

 International Banking In Vanuatu

Located East of Australia and North East of New Caledonia, Vanuatu is a small series of islands situated in the South Pacific Ocean. It is a renowned jurisdiction for offshore banking and the opening remotely of non resident accounts and the protection and growth of assets.

The country is compliant with international banking regulations. Vanuatu financial institutions comply with the Counter Terrorism Financing and Anti Money Laundering Act provisions. The Offshore Pro Group offers remote account opening of a personal bank account in Vanuatu for non resident clients who are looking to protect and grow their assets.

A minimal capital requirement is imposed on all the banks in Vanuatu. The regulatory Reserve Bank of Vanuatu has implemented a capital adequacy framework that fully complies with the Basel Committee on Banking Supervision banking international standards. This gives the power to the Reserve Bank to enforce a bank to maintain a higher capital ratio if they deem this to be necessary. The Reserve Bank of Vanuatu assesses the profiles and risk strategies of all the Vanuatu banks.

There is a maximum exposure limit which is set at 25% of capital for a single client or group of clients in respect of exposures to non bank and non government and counterparties. There are also shareholding restrictions, and the Reserve Bank of Vanuatu has to give its permission for any bank to hold aggregate shareholdings in non financial business above 25% of capital.

There is also a liquidity adequacy test where Vanuatu banks have to maintain a minimum proportion of their balance sheet in liquid assets. All of the international banks in the country must have liquidity management procedures implemented to make sure that they can meet their obligations to their clients.

Your Private Bank In Vanuatu

This full service international private bank was founded in 1997 and is licensed and registered in Vanuatu. The bank has a license to conduct international business in full compliance with the provisions of the International Banking Act, and like all banks it is regulated by the Reserve Bank of Vanuatu and is managed by the Vanuatu Financial Intelligence Unit.

This bank has a focus to provide services to wealthy high net worth individuals from across the world. They are specialists in asset and wealth management and they can tailor investment solutions to meet the needs of individual clients. They will provide you with a highly personalized banking service to accommodate your financial goals.

The bank has a philosophy of creating long-term value through responsibility and commitment and they are devoted to providing every client with a professional service. Their priority is the protection and nurtured growth of wealth through a process of understanding client financial aspirations.

There is a principle of independence adopted by this bank where they maintain a strong stance against external influences. The bank is management owned and they are not under any pressure to look for short-term gains. Instead they have developed a long term view for the bank’s development which has made them set high standards when it comes to integrity and responsibility.

The management and staff at the bank are experienced specialists who are dedicated to understanding personal and business situations and provide the right advice. The bank firmly believes that this is a prerequisite to creating solid and long-term partnerships with their clients that are built on trust.

Committed to compliance, the bank believes that this starts from the top and they have a strong commitment to integrity and honesty. The board of directors and senior management of the bank lead by example and all staff members are actively encouraged to comply with the highest standards in the banking business. Adherence to the letter and spirit of the law is conducted at all times.

Private Banking Services For Your Asset Protection And Growth

It is possible for you to open a non-resident private account remotely with this bank, so there is no requirement for you to travel to Vanuatu and meet bank representatives. Once you have opened your personal account you will be able to take advantage of the range of financial services that this bank can offer you.

Your personal account with the bank will be multi currency in US Dollars, Euros and the British Pound. Your personalized account will include everyday transactions and the staff at the bank can assist you with balance checking, the transfer of funds between accounts, setting up and amending standing orders and making payments. If you need to order foreign currency, then this can be arranged. The bank offers foreign exchange between all of the major currencies.

International wire transfers can be conducted with a personal account, and these are made using SWIFT. This means that you can make money transfers to over 200 countries. There are also savings accounts available where continuous interest can be earned. The amount of interest earned can be viewed in the monthly statements that are supplied. Term deposit products are also offered with competitive interest rates. You can also apply for a pre paid MasterCard that provides a secure and convenient way to make purchases and withdraw cash from ATM’s across the globe.

Asset management is one of this bank’s strong suits and can offer you specialized asset management solutions. There are tailor made portfolios on offer as well as bonds and equities investments, structured investments, mutual funds, strategy mandates and alternative investment portfolios such as real estate funds, hedge funds and private equity.

You will have access to investment advice and the bank will research on your behalf for the best investment opportunities. They can offer tailor made portfolios and an investment expert will always be at your disposal. You will have the freedom to make your own investment decisions and the final decision will be yours. The bank can also offer a complete multi product online trading platform which will allow you to trade thousands of instruments across different asset classes.

A secure online banking service is provided free of charge by this bank so that you can access your accounts from anywhere and at any time. All you need is access to the Internet and a computer or mobile device. You can check your account balances, view recent transactions, obtain current statements and previous statements, get a detailed history of all of your transactions and transfer funds between accounts.

There is no minimum deposit required to open a standard private account with this bank in Vanuatu. There is no minimum balance requirement either, but we do recommend that you deposit and maintain a minimum amount to cover for bank charges. This is a major benefit when compared to other offshore banks who require significant opening deposits to be made. To open an asset management account a minimum investment of 500,000 Euros (EUR) is required.

The commission fees that are levied by this bank for transactions can change at any time. It is essential that you check the current commissions with your professional Offshore Pro Group international banking consultant. Your consultant will provide advice and guidance so that you can achieve the most preferential rates.

Please Follow This Exact Process To Open An Account At This Bank

In order to be successful in opening a foreign personal account with this bank in Vanuatu it is important that you precisely follow this step by step process:

  1. Contact us via email [email protected] for totally professional advice about opening a private account with this bank in Vanuatu. 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 private account at this Vanuatu bank, and for this you will need to pay a fee of 1999 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 comprehensive documentaion to open a private account. This will include:
  • Full name, date of birth and place of birth
  • Unique personal identification number (can be from passport)
  • Clear visible picture that identifies the person and current signature (this can be from the passport page)
  • Verification of residential address by means of a utility bill which contains the private address of the individual and is not more than 90 days old
  • Valid driver’s license
  • Bank statement
  • Tax statement
  • Valid government issued insurance or medical card

Important note: the bank will accept citizens of Colombia for the opening of private accounts.

Once you have submitted all of the required documentation we will check them thoroughly and pass them on to the bank as quickly as possible. You will need to wait for 10 business days for your Vanuatu private foreign account to be opened at the bank.

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