Sep 8, 2016

Your Private Account Opened With Multi Currency Accounts In A Saint Lucia Bank With Strong Group Of Local And International Shareholders.

The Offshore Pro Group offers you the option to open a personal account in Saint Lucia, without the requirement to travel to the country, with a bank that can offer you:

  • Strong focus on international banking clients
  • Multi currency account
  • Minimum deposit competitively low
  • Strong shareholder group

You will receive highly professional guidance from us to assist you to open a personal account with this Saint Lucia bank. Please use this email [email protected] to establish contact with us. Before you start proceedings it is recommended that you read this page and answer the questions so that we can best serve you Free Professional Guidance On Selecting A Foreign Or Offshore Bank Account.

Saint Lucia As An Offshore Jurisdiction

Saint Lucia is a Caribbean island which is situated in the Leeward Islands. Saint Lucia is an independent island republic and it is a stable nation economically and politically. It has the second best economy in the Caribbean. The main industry is tourism and this represents 65% of the country’s GDP. The offshore banking industry in Saint Lucia has helped the country to attract more foreign investment and business.

The control of financial institutions in Saint Lucia is provided by the East Caribbean Central Bank and the Department of Supervision of Financial Services in Saint Lucia. The offshore legislation in Saint Lucia was only enacted in 2000, and this has enabled the country to adopt the best practices in the financial banking industry. Saint Lucia is compliant with international banking regulations.

The banks in Saint Lucia are under strict financial control, and must comply with the International Banks Act of Saint Lucia. They have to maintain minimum capital requirements under the Act, and this is regulated by the Financial Services Regulatory Authority (FSRA). In addition to these minimum capital requirements, each bank has to maintain a deposit of at least $100,000 at a bank that has been approved (this does not have to be located in Saint Lucia).

The FRSA is also concerned with the capital adequacy of the banks, and uses a risk based approach to assess this. All of the assets that are recorded on the balance sheet, as well as any off balance sheet exposures are considered broad risk. The risk adjusted assets are then compared to the level of the bank’s capital which includes core capital and supplementary capital. The ratio of capital to the risk weighted assets must be a minimum of 8%, with core capital being at least 4%.

These measures have been implemented to protect the deposits of investors and to prevent the banks from defaulting. This makes Saint Lucia a good choice of jurisdiction for the protection, diversification and growth of your assets.

The Bank In Saint Lucia

This private international bank in Saint Lucia was founded in 2004. It has a license to operate in the international banking sector and has experienced growth in its years of operation. This bank is able to offer you a very conservative banking model, and it is committed to offering the highest levels of personalized service in order that clients can achieve their goals.

The bank measures their success by comparing their performance with global standards. The bank is a subsidiary of the East Caribbean Financial Holding company (ECFH) which is a leading financial group in Saint Lucia. It is publically traded company which has a listing on the East Caribbean Securities Exchange.

ECFH is a stable and reliable company offering a range of financial products. The shareholders of ECFH include the Government of Saint Lucia, the Republic Bank Limited, OECS (which a consortium of five indigenous financial institutions and banks) as well as the National Insurance Corporation of Saint Lucia. The rest of the shares in the company are owned by institutional and individual investors from across the Caribbean. This shareholding group provides strength and stability to the Holding company.

This bank has correspondent relationships with some of the most reputable banks throughout the world. They also have investment relationships with some of the world’s safest banks as well. This all adds to the integrity of the bank and makes it well respected. It is a very good choice for the protection, diversification and growth of your assets.

Private Banking Services Offered By This Saint Lucia Bank

This bank has highly rated correspondent banking partners and this means that you can open an account with as many as 15 currency positions. This eliminates the requirement for the conversion to a base currency each time a deposit is made into your account. The bank provides a multi currency wire transfer facility using SWIFT, and they commit to all transfers taking place within 24 hours.

You account can have positions in:

  • US Dollars (USD)
  • Euros (EUR)
  • British Pounds (GBP)
  • Japanese Yen (JPY)
  • Canadian Dollars (CAD)
  • Australian Dollars (AUD)
  • Swiss Francs (CHF)
  • Hong Kong Dollars (HKD)
  • 7 other major currencies

The accounts provided by the bank normally bear interest for amounts of $25,000 (or equivalent) and above. You can make term deposits with the bank, and these are flexible ranging from 30, 60, 90, 180, 270 and 365 day terms. The rates of interest on these deposits are competitive, and the interest is not subject to any tax in Saint Lucia.

Once you hold an account with the bank you will be provided with a highly personalized service. The main aim of the bank is to really get to know its customers and assist them in every way possible to meet their financial objectives.

You will be able to access your account remotely using the very secure online banking service that the bank offers. Token protected security is used for account access. You will have 24 hour access to your account and you can view account balances, previous transactions and statements. You can initiate a transaction to anywhere in the world with your online banking account.

The online banking package comes with a secure messaging service which enables account holders to send messages to the bank and receive them as well. The bank is committed to protecting your confidential information and this is a much more secure solution than using traditional email services.

The bank can also provide:

  • Lending which is backed on cash and / or securities
  • Escrow services
  • Wealth planning and management services
  • Mutual fund banking
  • Trust and estate structuring
  • Credit cards

The recommended minimum deposit to open a private bank account with this Saint Lucia bank is 1500 USD. This favorably compares with the minimum deposits required by other international banks to open non resident bank accounts. A minimum account balance of 5000 USD should also be maintained.

The commission fees that the bank levies can change frequently. Please 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.

The Procedure To Be Followed To Open Your Personal Account At This Saint Lucia Bank

In order to be successful in opening a foreign private account with this bank in Saint Lucia it is important that you precisely follow this process:

  1. Send us an email [email protected] for comprehensive professional advice about the opening of a private account with this bank in Saint Lucia. Initially it is recommended that you read this page and send us your answers Advice And Guidance On Choosing The Best Foreign Bank Account For Your Needs.

Opening a second non resident account will protect you from the risks inherent with having only one offshore account. Please read Why a second offshore bank account?

  1. Professional assistance will be provided by us to get your private account opened at this Saint Lucia bank, and we ask for a payment of 1999 EUR for our services. We can accept payments through Bitcoin, Web Money, Western Union, Money Gram, bank transfer or credit card.
  1. There is a requirement of this bank that the beneficial owner as well as all proposed account signatories supply comprehensive documentaion in English (or translated into English) to open a private account. This will include:
  • The completed personal application form
  • Notarized copy of the passport
  • Certified copy of driver’s license / permit or national ID
  • Original proof of address document (utility bill less than 3 months old)
  • Copy of a bank statement of the beneficiary
  • A reference letter issued by a bank, a lawyer or chartered accountant. The references must have been issued in the last 3 months and the client must have maintained a relationship with the issuer for at least 2 years.

As soon as we receive all of your documentation it will be thoroughly checked prior to passing on to the bank. This will be done as fast as possible. The bank will need around 10 working days to open your Saint Lucia private foreign account.

All that you need to do to start the process of opening a private account at this Saint Lucia bank is to make contact with us via email [email protected]