How to open a business account for
Opening a separate business bank account is crucial in running your company. To open a corporate bank account for your Anguilla business, there are various ways.
Applying in a local Anguilla bank
Anguilla is a member of Organization of Eastern Caribbean States (OECS) comprised of eight jurisdictions including Anguilla, Antigua and Barbuda, Dominica, Grenada,Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines.
Anguilla monetary authority is the Central Bank of Eastern Caribbean (ECCB) governing banking activities. The country has its own local currency: Eastern Caribbean dollar (XCD) fixed at 2.7 XCD to 1 USD. The Financial sector is also monitored by Financial Service Commission (FSC) regarding licensing and oversight of financial service industry. Anguilla financial system includes domestic banks, insurance companies, money services, mutual funds…
The country’s banking sector currently consists of 3 domestic banks: Scotiabank Anguilla Limited, National Commercial Bank of Anguilla Limited, FirstCaribbean International Bank (Barbados) Limited which are licensed under Banking Act, 2015. Offshore banking licenses are granted under the Trust Company and offshore banking Act (TCOBA).
Alternatively, you can go for offshore bank accounts or fintech-based accounts
We currently do not support opening bank accounts in Anguilla. However, an Anguilla company can open its account in most offshore banks. We can also open your Anguilla company bank account in Singapore, but it requires you to visit the branch.
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Banks might demand additionally supportive documents beyond the listed bellows to open your Anguilla corporate bank account depending on each local regulation, your business fields and on case-by-case basis.
Bank reference letter
Certified copies of passports, proofs of residence of all directors/shareholders
Company business evidence (sales/purchase orders, invoice, etc.)
Certified copies of Anguilla company incorporation documents
Government certification of company good standing status.
Please contact us to know the exactly essential documents for your case.