The process of setting up an offshore bank account involves the below 4 steps. We at Business Setup assist our clients from the very initial stages till the end to successful open the bank account.
Choose your preferred Bank from the list of the banks at different Offshore locations
Provide us your Basic details and supporting documents required by the chosen bank
Complete the required Know-your-Client (KYC) and Bank verification procedures
Upon successful Bank notification, the bank account is ready for International use along with other facilities opted
Companies and individuals can apply to open an offshore bank account with banks in different jurisdictions around the world.However, the requirements to open an bank account may vary for banks in different jurisdictions based on the laws of the land.
Documents required for a Corporate Offshore Bank Account:
Notarized set of company documents that include:
Documents required for a Personal Offshore Bank Account:
Our partner banks will provide banking facilities to our clients upon completing the due deligience. Here are some of our partners in various Offshore jurisdictions.
|Offshore Jurisdiction||Bank Name||Minimum Deposit||Average Time||Remote KYC|
|State Bank of Mauritius||Nil||1 Day||Yes|
|Bank One||USD 10,000||2-3 weeks||Yes|
|Mauritius Commercial Bank||Nil||1-2 weeks||Yes|
|ABC Banking Corp||USD 5,000||3-5 days||Yes|
|Citi Bank||S$ 50,000||10 - 15 days||No|
|OCBC Bank||USD 10,000||2 weeks||No|
|Capital Security Bank||USD 20,000||3-5 days||Yes|
|EFG Bank||USD 5,000||2 weeks||Yes|
|Bank Of Nevis||USD 10,000||1 week||Yes|
|Heritage International Bank||USD 3,000||15 to 20 days||Yes|
|Euro Pacific Bank||USD 500||5-7 days||Yes|
|CIM Bank||CHF 1,000||2-3 weeks||Yes|
|Bank of Cyprus||EUR 1,000||Case to case||No|
|Euro Deniz IBU||EUR 1,000||3-5 days||Yes|
|UniBank OJSC||Nil||3-5 days||Yes|
|Rietumu Banka||EUR 100,000||2 weeks||Yes|
One may choose to open a bank account in the given locations after one's company registration. The user has no obligation to select from the list, and may propose another bank of choice. BSW is not proposing any bank services. An introduction service includes the preparation of the application form and the submission of the file to bank. The acceptance of the same is at the sole discretion of the bank authorities.
Bank account opening application is subject to mandatory due diligence by the bank and clauses under national and international (FATF) standards, in particular to prevent money laundering. The content on this page must not be interpreted as a proposition to waive any due diligence or adherence to standards.