Companies’ Advantages of Offshore Banking with a Caribbean Bank of European root

The combined effect of the COVID-19 pandemic on public health, the global economy, and social behavior is expected to provoke much deeper shifts in our human geography around the world, future redistribution of income and wealth at both macro and micro levels, and the manner of running the local or international businesses. There are many reasons why offshore banking is gaining importance and attracts more customers participating in some economic citizenship program, or just safeguarding and extending their business interests. Opening an offshore account is a well-balanced encouraging perspective. However, there are some considerations prudent people should have in mind, when negotiating with a foreign bank outside the country of their residence.

In recent years, many companies registered in former tax havens have encountered difficulties opening international offshore bank and brokerage accounts. Modern fintech companies headquartered in old world ‘advance economies’ enjoy many virtues (top-notch mobile applications, fast opening of accounts, multi-currency debit cards, instant transfers in the European Zone (SEPA), in the U.S., etc.). However, till recent times such banking services have been hardly available to offshore entities with non-resident status, especially when those registered in former offshore countries.

If you need an offshore account, a second passport, citizenship by investment, you are welcome to place a request to [email protected] for a free rapid and all-rounded online individual session with experts.

We are aware of your immediate questions about offshore accounts, so we are pleased to share with you the following good news.

There is one international bank that has decided to break outdated stereotypes and walk an extra mile for the sake of every customer. It is a modern Caribbean bank with European roots and principles of Austrian and Swiss private banking traditions. It offers services to offshore companies and even operates in cryptocurrencies. It is highly likely that its services are just what you need to settle your financial matters.

Why is this news exciting?

The Scope and Integrity of Corporate Banking

The main benefits of the Caribbean bank are:

• The full range of commercial and private banking services
• Strict but reasonable compliance rules and the lightning-fast AML/KYC verification by the compliance team
• Multicurrency International Accounts (IBAN) for Single Euro Payment Area (SEPA) and S.W.I.F.T.
• Generally accepted debit cards
• Fast money transfers around the world
• Excellent security of the account access and data protection
• Complete set of online banking tools and online applications (you can work from your laptop or smartphone without compromising functionality)
• Full support to crypto-assets transactions
• Friendly and competent support staff
• No need for huge initial deposits, and no need to maintain a minimum balance in your account.

We believe that such an attractive business-friendly offer from the bank should have appeared long ago, as there was too much demand for such a range of services. Therefore, it was only a matter of time before someone at the banking management top-level would become aware of the ever-growing international demand for excellent offshore commercial banking services not requiring to open and keep huge deposits.

Indeed, rather than trying to compete in the crowded space of private banking and asset management, a new bank can channel its resources to offshore corporate banking, i.e. a much less competitive environment.

Such foresight is going to gain even more importance in the nearest future, as it is quite clear that once the COVID-19 quarantines are lifted and airline prices drop down to rock bottom, more and more people across the globe will need offshore accounts and second passports. Some will need offshore banking for better asset protection, or global diversification, or to get access to foreign investments. Perhaps even more people will buy one-way tickets to countries affordable and convenient enough to start fresh.

The new offshore bank we are introducing to you was founded only last year, but it can be proud of its board of directors including a royal celebrity among its members. It is designed as a top debit card issuer for the fast opening of accounts and destined to become one of the best financial institutions.

The recent years have seen several interesting launches of offshore commercial banks. But, as a rule, they could not advance their success because of correspondent banking relationship challenges. For example, Bank of Asia, an offshore bank recently launched in the British Virgin Islands, has become one of such disappointments.

However, the new and alternative offshore bank, which is our Caribbean hope, has solved the problem of correspondent banking through an intelligent hybrid approach. Instead of trying to open correspondent accounts directly on their own, they established sustainability and sufficiency principles in their money transfer system by integrating several businesses in Europe and Hong Kong in a single group. This group is headquartered in Austria, networks with many private bankers across Europe, and relies on the tough compliance team in Vienna.

This well-financed and professional group has acquired a nearly 50-year-old Swiss asset management company with a banking license in the best offshore banking economy in the English-speaking Caribbean region. Furthermore, the group launched operations in the UK and then in Luxembourg, thus reaching out to high-quality European correspondent banks. The group’s next destination was Hong Kong, which has opened its access to the Asian market.

Whereas their fees are quite high, the good news is that their very fast service of the opening of foreign accounts within just 24-48 hours is based on an internal compliance review and does not require any minimum deposit.

They open bank accounts for offshore companies as well as personal accounts, and conduct traditional private banking transactions through European custodial banks.

Typical client profile for an offshore account in the Caribbean

Who benefits from opening a foreign account in the Caribbean?

• Small start-up companies with no experience
• Companies engaged in cryptocurrency trading and/or operating in the Forex market (conducting ICOs, traders, etc.)
• Existing offshore companies that require reserve bank accounts to operate outside their home countries
• Entrepreneurs engaged in international online trading (e-commerce) who need foreign banks to settle cross-border payments
• Any citizen of the world or an international businessman interested in a personal banking service backed by Fintech and with the opportunity to operate in cryptocurrencies.

The process of opening an offshore account with a Caribbean bank

The main steps and requirements:

DAY 1: Contact experts of the portal through a convenient communication channel. Explain briefly the business model of your company, its name. Send a clear picture of the two front pages of your passport (where all of your identification information and your photo is). The preliminary verification will be completed within one day, and you will be notified of the decision.

DAY 2: After you get permission to open an account for your company, you will pay the invoice by debit card, electronic money, crypto wallet, bank transfer (of your choice).

DAY 3: After receiving your payment, we will send you a link protected by SSL protocol, where you can register on the bank’s website, with your mobile phone number for access confirmation and further prompt communication with the bank and e-mail. You will need to fill out a short online application form and download copies of company registration documents.

DAY 4: The bank will send you an invoice in the amount of the direct account opening fee.

DAY 5: Your bank account will be opened and activated when the bank receives the account opening fee. You can access your bank account through a mobile application or the online banking portal. In case you have any questions about the mobile application use or online banking, you can always chat with or call the Caribbean banking support service in the mobile application.

For more details on opening an offshore Caribbean bank account, please see our dedicated article: Open a corporate account with a Dominican bank – from 3,999 EUR.

Just write to [email protected] and place a request for a free session with experts. You can also contact them via the live chat or WhatsApp, or contact experts at the portal by any convenient channel.

What if the company portfolio is incomplete?

If you find that your foreign company’s portfolio is incomplete (for example, to open an account with an offshore bank, you will need a recent certificate of your company’s current status, an extract from the commercial register or a similar document), you should seriously consider acquiring a new foreign company or opening a personal account. Write a letter to experts on. We will advise you on changes in foreign corporate and banking legislation and help you choose the country and form of ownership of the foreign company, within a few hours. You will receive highly professional advice and  assistance.

Why should a company have an offshore account in the Caribbean?

A foreign account in the Caribbean will allow companies registered in offshore countries to operate in the European Union, North America, and Asia, where they accept payments in cryptocurrencies and issue debit cards for use in any country in the world where Visa and Mastercard cards are accepted.

Detailed yet brief information on citizenship by investment in Dominica options is also provided by our experts.

A comprehensive catalog of jurisdictions offering economic citizenship is a perfect starting destination for your new horizons.

Tags: economic citizenship, citizenship through investment, citizenship by investment Dominica, second passport, offshore account, offshore banking