We know, in most cases, your business cannot be operated if your company has no corporate bank account. Despite what business objectives you have, setting up a proper company bank account is an integral part of any business plan. Different countries have their own local banking laws, and each bank has different account types with corresponding procedures and required documents to follow. The whole process would cost you several months and missed potential business opportunities before you know what works best.
We could help to cut your waiting time to just a few weeks or less, and only cost you a small fraction of what you might have otherwise spent by opening account yourself. Beside supporting our customers to open bank accounts with a bank interview in financial centres like Hong Kong, Singapore,… we have long-term profitable relationships with banks in other countries/ jurisdictions, which are well-known for their offshore banking systems such as Switzerland, Belize, Mauritius… As one of their advantages, the whole bank account process could be done online without a signatory travel.
Offshore banking benefits
Our long-term relationships with banks in many jurisdictions allow us to offer a solution that best matches your situation and business needs
Our extensive working experience with banks will make you better prepared for due diligence process, and thus improve chances of bank account approval
No need to worry about hidden charges. Whichever bank you choose from our list, we only charge you a small flat fee
Our banking consultants will work with you to strive to make clear your business conditions and expectations before giving you advice on available banks with whom you should open your corporate bank account.
Based on the agreement, we will proceed to help you prepare for required documents in the best way that could increase your success rate.
Depending on each bank’s obligation, we will arrange a bank meeting with your selected bank representative to set up your bank accounts. Before the meeting, we will give you samples of interview question for preparation.
We do not guarantee to successfully open your bank account. It totally depends on the bank’s decision to approve your account or not. The process could take a week or more.
It does not mean that a BVI company must choose a bank account in BVI. Many owners of offshore companies tend to incorporate their companies in one country and open the offshore accounts independently, in a location that is known as a “financial centre”. Examples of widely known financial centres are Hong Kong Singapore, Switzerland, Austria or Luxembourg. We offer bank account introductions in several major jurisdictions, and in many cases, depending on client's business profile and needs, one bank might be preferred over others.
| Online Banking | Personal Visit | Credit Card | Debit Card | Initial Deposit | |
|---|---|---|---|---|---|
| BELIZE | |||||
 Caye International Bank Ltd | USD 1,000 | ||||
 Heritage Bank | USD 3,000 | ||||
| BRITISH VIRGIN ISLAND | |||||
 First Caribbean International Bank | USD 25,000 | ||||
| HONG KONG | |||||
 Bank of East Asia | Contact us for details | ||||
 DBS | HKD 20,000 | ||||
 Fubon Bank | Contact us for details | ||||
 Hang Seng Bank | HKD 10,000 | ||||
 HSBC | HKD 50,000 | ||||
 Standard Charter Bank | Contact us for details | ||||
| MAURITIUS | |||||
 ABC Banking Corporation | USD 5,000 | ||||
 Bank One Limited | USD 10,000 | ||||
 Mauritius Commercial Bank | USD 50,000 | ||||
 Investec Bank | USD 50,000 | ||||
| PUERTO RICO | |||||
 Euro Pacific Bank | USD 500 | ||||
| SINGAPORE | |||||
 Citi Bank | USD 300,000 | ||||
| DBS | USD 50,000 | ||||
 OCBC | USD 30,000 | ||||
 UOB | USD 100,000 | ||||
| SWITZERLAND | |||||
 CIM Banque | USD 20,000 | ||||
| UAE | |||||
 RAK Bank | USD 10,000 | ||||
During bank account application process, we will help you to prepare documents in the right way not only to save your time but also to make you in a better position to be approved by the bank.
The below lines will give you a good reference to start with:
Get to know more with commonly asked questions about opening bank account
Banking support fee will include:
* Please note that additional charge would be applied if we are not the registered agent of your company.
** The banking support fee does not include the fee for certification service that most offshore banks might require.
Depending on individual bank procedures, the timeframe varies and normally takes a week or more since our receipt of all duly prepared documents.
Physical presentation of account signatories is mandatory for some banks and is not for others. For example, most banks in Singapore, Hong Kong require meeting to sign documents and verify the customer, and banks in Caribeans practically do not need your presence.
One company could open as many accounts as they want in different banks. In addition, you can open sub-accounts to receive multiple currencies without incurring exchange fees.
Final Rules of BVI Economic Substance Released
For those who are BVI legal entities, it should be noted that amendments have been made on The Economic Substance (Companies and Limited Partnerships) Act, 2018 (ESA) which was enacted in the British Virgin Islands on 31 December 2018 and came into effect on 1 January 2019.
