Choose Language English French Spanish Germany Dutch Italian Russian
Toll Free Canada & United States: 1-800-783-7109
View Cart | Member Login | Distributor Login | Customer Login
 






 

Offshore Banking

 
Offshore Banking (Overview)
It's open secret that international banks impose growingly stringent entry requirements to the offshore applicant desiring to open a bank account with them. This tendency has become even stronger after September 11. We assist our clients to have their accounts opened with minimum formal and financial obstacles.

What's even more important, being independent experts, we introduce our esteemed customers only to the banks. We simply introduce you to the bank and that is where our service ends. We can provide accounts opening with the following banks:

 

Bahamanian Bank

Latvian Bank

Swiss Bank

Cyprus Bank

Danish Bank

T & K Brokerage

BVI Bank

Belizean Bank

Seychellois Bank

 

Please note that the above mentioned names are mere conventional names we assigned to the real banks owning to considerations of confidentiality.

 


Bahamanian Bank

 

This is a wholly owned Bahamian subsidiary of one of the largest bank groups of the world. The parent bank is based in Switzerland. The bank provides a wide spectrum of private banking, portfolio management and international corporate & trust services. They offer custodian accounts for holding securities and precious metals, accept deposits in all major convertible currencies. Call accounts or term deposits could be set up as well. Loans are provided against acceptable collateral including securities, precious metals and deposits. Equity, bond, option, precious metal and spot or forward currency trades can be executed for the client in all major markets. Owing to the global presence of the bank group in all major exchanges the equity investments can be provided in different currencies.

Portfolio management services are offered for portfolios between US$ 200,000 and US$ 1,000,000 in total assets or equivalent in other currencies.
The minimum opening balance: US$500,000 (to be deposited and kept in the account). The maintenance fee is US$250 per quarter.

For each account manager an original bank reference, client's resume, description of the business and sources of funds, and notarized copy of the passport will be required.

 

Latvian Bank

The bank was founded in 1992. It's the fourth or fifth largest bank in Latvia, in terms of the size and assets. In 2004, they were named the best bank in Latvia for foreign exchange by Global Finance Magazine. The Banker Magazine featured Rietumu Bank rated second as one of the most rapidly developing Banks in Central Europe.
In 2004, the Bank introduced newly designed VISA chip cards, and transferred account numbers to IBAN (International Bank Account Number).
===========================
Bank own account opening fee EUR 100 (or an equivalent in any major currency). It will be charged from the initial deposit to the client's account.
Internet banking is provided (inclusive international wire transfers and forex). The Internet banking setup costs EUR 75, and a single user monthly fee would be EUR 8 per month. The bank provides debit and credit cards. All cards require a security deposit - 150% of the monthly spending limit. MasterCard Classic / VISA Classic. Cash withdrawal rate at ATM's is 1.5% (min US$3.00). The rate for purchases is 0.5%.
Companies Eligibility For The Account Opening: Bahamas IBC, BVI BC, Cyprus Private Limited Company, Dominica IBC, Panamanian Corporation, UK Private Limited Company.

Basic Know Your Customer (KYC) Requirements:
For each signatories, directors, and shareholders an original proof of address, description of the business and sources of funds, and copy of the passport will be required. The passport copies, signatures in the signature specimen card and Internet Banking Agreement must be attested by a notary public and Apostille or with a Latvian Consulate.

 

Swiss Bank

In June 2002, Moody's, the prestigious rating agency, reaffirmed its Aa3 rating for this bank in Liechtenstein - a rating the bank has held since 1997. The minimum opening balance: US$250,000 (to be deposited and kept in the account). The client keeping in the account non-bank own issued bonds, shares, etc. pays for all kinds of services a fee of 0.42% (not less than CHF 250) p.a. of the total amount of the assets held on the account. This is not applicable for investments in the bank's own investment products. Credit balances on the account and/or time deposits and/or bank own class funds are not included into the aforesaid amount. If all investment funds, bonds, shares, etc. in the account have been issued and/or established by the bank then a flat administration fee CHF 250 p.a. is charged. There is no subscription fee on the LGT class funds.
The purpose of the account opening must not be everyday commercial transactions through the account. The bank welcomes the clients looking for conservative assets accumulation and preservation.

Companies Eligibility For The Account Opening: Bahamas IBC, BVI BC, Cyprus Private Limited Company, Panamanian Corporation, Panamanian Private Foundation, UK Private Limited Company.

Basic Know Your Customer (KYC) Requirements:
For each account manager an original bank reference, client's resume, description of the business and sources of funds, and notarized copy of the passport will be required. In case or a corporate account an apostilled Certificate of Incumbency must be provided as well as certified copies of all other principal corporate documentation.

 

Cyprus Bank

Moody's Investor Services, Inc. has given the bank a long-term credit rating of A2. It's the largest bank in Cyprus. The Group balance sheet total exceeded thirteen billion US Dollars. The bank has been providing banking services for more than 100 years. Internet banking is available.
The bank does not have any minimum deposit requirements.
Companies Eligibility For The Account Opening: Bahamas IBC, Belize IBC, BVI BC, Cyprus Private Limited Company, Dominica IBC, Nevis Business Corporation, Nevis LLC, Panamanian Corporation, Panamanian Private Foundation, UK Private Limited Company.

Basic Know Your Customer (KYC) Requirements:
For each company director, shareholder, beneficial owner, and signatory to the account an original bank reference, original proof of address, and notarized copy of the passport will be required. For a corporation all shares must be issued as registered ones.

 

Danish Bank

 

The bank is opening accounts in all convertible currencies for non-Danish resident trading or production companies. The services include corporate accounts, fixed deposits, currency options, documentary credits and collections, guarantees, foreign exchange and investment counselling.
Management and operating of account is provided over phone and fax. However the client is able to monitor the accounts over the Internet. The electronic information system allows to clients move rapidly between different functions while running several systems at the same time. Clients can retrieve movements on and balances of the accounts and obtain rapid confirmation of payments. It has a high level of security. The price of the information system is DKK 750 quarterly and an establishment fee of DKK 1,000. Furthermore the client pays an account access fee of DKK 0.25 per enquiry. The bank offers Visa, MasterCard and American Express debit/credit cards for the customer with not less than 6 months' positive relationship with them.
Price of an international money transfer: economy: DKK 85 (The amount will be made available to the correspondent bank 3 business days after receipt of the payment instruction), ordinary: DKK 125 (The amount will be made available to the correspondent bank 2 business days after receipt of the payment instruction), express: DKK 325 (The amount will be debited and made available to the correspondent bank 1 business days after receipt of the payment instruction, EUR and USD transfers are debited and made available with same day value), express with currency conversion + 0.05%. No maintenance fees. The opening balance of min USD $5,000 (or equivalent in the currency of the account)
Companies Eligibility For The Account Opening: Bahamas IBC, Belize IBC, BVI BC, Cyprus Private Limited Company, Dominica IBC, Nevis Business Corporation, Nevis LLC, Panamanian Corporation, Panamanian Private Foundation, UK Private Limited Company.

Basic Know Your Customer (KYC) Requirements:
For each company director, shareholder, beneficial owner, and signatory to the account an original bank reference, original proof of address, and notarized copy of the passport will be required. For a corporation all shares must be issued as registered ones.

 

T&K Brokerage

 

This brokerage is the largest independent financial services company in the Turks T&K Caicos Islands. It was incorporated 25 years ago.
The initial and further minimum cash balance in the account: US$25,000
The clients are able to monitor their account activities via the Internet (no need for paper statements!) and call to brokerage to place orders.
Companies Eligibility For The Account Opening: Bahamas IBC, Belize IBC, BVI BC, Dominica IBC, Nevis Business Corporation, Nevis LLC, Panamanian Corporation, Panamanian Private Foundation.

Basic Know Your Customer (KYC) Requirements:
For each company director, shareholder, beneficial owner, and signatory to the account an original bank reference, original proof of address, and notarized copy of the passport will be required. For a corporation all shares must be issued as registered ones.

 

BVI Bank

The bank was created by merger between a major Canadian and major UK bank branches in the Caribbean. Each of the two does have app. 45% of shares, and the remaining shares are traded on the local stock exchanges. This is the largest locally listed bank in the Caribbean based on market capitalization, with some US $9 billion in assets, 3,300 staff and over 700,000 accounts.

The bank offers fixed term deposits (min. US$10,000) in most major currencies for a term of seven days to a year. We can arrange as well for you a secured US$ Visa card issuance with this bank. The security deposit must 1,5 times exceed the desired credit limit. They also provide International mortgage at competitive rates in principal tourist destinations in the region. Full scale Internet banking is provided. The minimum opening and further balance for corporate accounts is US$5,000 and US$15,000 for personal accounts. If the balance on the corporate account drops lower than US$5,000 the bank will charge the monthly maintenance fee of US$10. We can provide a corporate or private account opening in the BVI
Companies Eligibility For The Account Opening: Belize IBC, BVI BC, Dominica IBC, Nevis Business Corporation, Nevis LLC, UK Private Limited Company.

Basic Know Your Customer (KYC) Requirements:
For each account manager, director, shareholder, and beneficiary an original bank reference, a lawyer's and accountant's professional reference, confirmation of address within the last three months (two confirmations per person), notarized (apostilled) copy of the passport and same of another ID (e.g. driving licence) will be required. The bank will contact all referrals by phone and most probably will request further confirmation directly from them by fax. All referrals must be English speaking.

 

 

Belizean Bank

 

This is the first and oldest continuous banking operation in Belize. It's total uninterrupted banking operation totals over 100 years. They do have over 710 million dollars in assets and 122 million dollars of capital reserves. The bank's market share in the local banking industry is almost 50%. The following services are provided to non-resident customers:

Online banking

Accounts maintained in US dollars, Euros, Pound Sterling, and Canadian dollars

Secured Credit Cards:
VISA CLASSIC & MASTERCARD STANDARD: the minimum credit limit is US$500.00 and higher in multiples of $500.00.
CORPORATE VISA GOLD CREDIT CARD: credit limit from US$5000 to US$25,000 in multiples of $1000.00
A security deposit in an amount equal to 150% of the credit limit is required for any type of card.
Your VISA Card will be embossed with your company name and your personal name.

International (wire) transfers

Multi-currency banker's drafts

Offshore brokerage services: purchase of stocks and shares on behalf of clients through the account manager, monitoring and collecting all dividends and interest payments, holding all certificates free of charge

Certificates of deposits for amounts of US$25,000.00 and more for fixed periods from one to 12 months

Multi-currency payment processing standby and documentary International letters of credit

The minimum balance required to open an account is US$1,000.00 or its equivalent. The funds could be deposited to the account via wire transfers or cashier's cheques.
Belize Bank does have top tier correspondent banking relationships.
Companies Eligibility For The Account Opening: Belize IBC, BVI BC, Dominica IBC, Nevis Business Corporation, Nevis LLC
Basic Know Your Customer (KYC) Requirements:

Notarized copy of Passport / Photo identification of each of the said beneficial owners and authorized signatories.

Bank References for each of the said beneficial owners and authorized signatories from a bank having in excess of two years' banking relationship with said persons.

Proof of Address - Copy of utility bill showing address of each of the said beneficial owners and authorized signatories.

Character references provided by a lawyer or accounant.

 

Seychellois Bank

 

This is a wholly owned subsidiary of a top British bank. They have more than a 30% share of the local banking market and the largest banking office in the Seychelles. We can provide a corporate bank account opening with the bank for Seychelles IBC companies incorporated through our office. The account would be managed over the Internet. A minimum deposit of US$500 is required to activate the account. It will take approximately a month to provide account opening if all due diligence documentation is in place. Some sample bank fees:
Payments FROM the customer account (Electronic Transfers) are charged as follows: 0.15% of the payment value, Min. USD 20, max. USD 65 (plus SWIFT message charge USD 20)
Draft/International Money Order USD 30
Payments TO the customer account: Electronic Transfers FREE
Companies Eligibility For The Account Opening: Seychelles IBC
Basic Know Your Customer (KYC) Requirements:
For all Beneficial Owner(s), Directors, Controlling shareholders and authorized signatories:
Properly certified Passport copies
Original proof of residential address
A banker's reference or banker's confirmation


Please click here to review our bank account opening fees.

Disclaimer

The above description is NOT an offer or soliciting to buy any security or investment product or receive an investment advice from us.

We may not be responsible for any changes in the legal or financial status, rankings, requirements, fees and commissions of the aforesaid Banks.

The above services may not be available to residents of certain countries or jurisdictions.

 

Companies Eligibility For The Account Opening: Bahamas IBC, BVI BC.
Basic Know Your Customer (KYC) Requirements:
 
    We accept :  
 
 
Home |  GMTCARD Holder Agreement |  Member Directory |  Anti Money Laundering |  Our Distributors |  Distributor Directory |  Membership |  Loading Centers |  Markets |  Find A Distributor |  Affiliate Program |  Residual Income Program |  ATM Locator |  Exchange Rate Converter |  Money Links |  Testimonial |  Revenue Projections |  Money Laundering |  Terms of Use |  Privacy Policy |  Employment |  FAQ | Bank Cards| Check Processing Services| Offshore Cash Cards| Prepaid Visa Cards| Prepaid Master Cards| Phone Cards| Resources | Link Exchange | Blog |

Applicable law requires that all financial institutions obtain, verify & record information that identifies each person who opens an account. You will be asked to provide your name, address date of birth and other information that will allow us to identify you. You may be asked to provide documentation as proof of identity. Approval is contingent upon passing this mandatory identity confirmation.

Copyright © GMTCARD INC - All Rights Reserved. GMTCARD™, Money Within Your Reach™ are registered trademarks of GMTCARD INC, Central America with special licensing agreements with subsidiary companies in Canada, UK and The United States. Each card label, design, listed for purchase at GMTCARD™ website are owned, managed, loaded, and/or recharged by separate member legal entities and GMTCARD INC has no liability for another such entity's acts, negligence or omissions. Certain content on this site may have been prepared, uploaded by one or more of our member entities.
UPS
GeoTrust
Developed By : Zetdomain