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For over 11 years, Unitrust Capital Corp provides quality offshore bank account opening services with banks located in various offshore jurisdictions. We assist our clients to have their offshore accounts opened with minimum formal and financial obstacles. We take care of the entire account setup process, including preparation of all bank forms and communication with an offshore bank. No visit is required unless stated otherwise in the bank descriptions below.
What's even more important, being independent experts, we introduce our esteemed customers only to the best offshore banks, having a proven record of:
- long-term stable financial status
- high quality of offshore banking services,
- reasonable fees and charges,
- provision of online banking, offshore debit and credit cards.
OFFSHORE ACCOUNT OPENING
We provide account opening with the following banks:
- HONG KONG BANK A
- HONG KONG BANK B
- CYPRUS BANK
- DANISH BANK
- SWISS BANK
- LATVIAN BANK
- MALTA BANK
- BVI BANK
- BAHAMAS BANK
- BELIZE BANK A
- BELIZE BANK B
- SEYCHELLES BANK
- DOMINICA BANK
- ANGUILLA BANK
IMPORTANT NOTES
- "SWISS BANK", "CYPRUS BANK", "DANISH BANK", "BAHAMAS BANK", "BELIZE BANK A", "BELIZE BANK B","HONG KONG BANK A", "HONG KONG BANK B", "SEYCHELLES BANK", "ANGUILLA BANK", and other offshore bank names mentioned above are just conventional names we assigned to the
real banks due to considerations of confidentiality.
- The offshore account opening services are not available for Canadian residents.
HONG KONG BANK A
The bank is part of one of the top world's financial groups. It is represented in 83 countries and territories inclusive Hong Kong. The bank was established in 1865. This is the largest bank incorporated in Hong Kong. The group provides banking services to over 128 million customers worldwide, with a total of 35 million registered for internet banking. The total clients assets under the bank group administration exceed 2.5 trillion US Dollars.
The bank maintains one's own private telecommunications network its own private telecommunications network to provide remote banking and other IT services to customers.
The assets under the HK BANK A's custody amount to more than US$500 billion
Full scale online banking is provided.
Secured credit cards are available for non-resident customers
All directors, shareholders, and signatories to the account must visit the bank for the account opening on the final stage of the account opening process.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company,
Bahamas International Business Company,
BVI Business Company,
Hong Kong 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.
HONG KONG BANK B
The history of this Hong Kong bank dates back to 1859. The bank is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and has a network of over 1,600 branches and over 500 offices in more than 70 countries and territories, employing over 30,000 people. It is one of the only three banks authorized to issue banknotes in Hong Kong.
The bank provides a number of bank account options including an account specifically tailored for small and medium sized enterprises (SME). Also, they offer international trade accounts for the business customers engaged in international trade. Full scale online banking is provided.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company,
Bahamas International Business Company,
BVI Business Company,
Hong Kong Private Limited Company
BASIC KNOW YOUR CUSTOMER (KYC) REQUIREMENTS:
All signatures and ID copies of the company’s directors, shareholders, beneficial owners, and signatories to the account must be attested by a banker from a major international bank or a bank located in a FATF country. Other due diligence documents may be required as well.
CYPRUS BANK
The bank was founded back in 1899. Moody's Investor Services, Inc. has given the bank a long-term credit rating of A2.
It's the largest offshore bank in Cyprus. The Group' total assets reached EUR 30,85 bn.
Online banking is available. Their system of Internet banking is called Direct Banking. It is offered free of charge, 24*7 through Telephone and Internet (Online Offshore Bank). You would have to pay a fee for obtaining a Digipass device, which is used for signing on to Direct Banking (Online Banking) channels, for third party transfers and for fax instructions to the branch.
Direct Banking provides:
- Money Transfers
- Account Balances
- Past Transactions
- Statement Ordering
The bank does not have any minimum deposit/balance requirements.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company or Anguilla LLC,
Bahamas International Business Company,
Belize International Business Company,
BVI Business Company,
Cyprus Private Limited Company,
Dominica International Business Company,
Hong Kong Private Limited Company,
Nevis Business Corporation, Nevis Limited Liability Company,
Panamana Corporation, Panamanian Private Foundation,
Seychelles International Business Company,
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
This bank is a member of the leading financial services group in the Nordic and Baltic Sea region.
The bank is opening accounts in all convertible currencies (USD, EURO, etc) and Russian Roubles (RUB) for non-Danish resident trading or production companies. Offshore companies (BVI, Belize, Seychelles, etc.) are accepted. The clients are offered the following services of the bank:
Corporate accounts, fixed deposits, currency options, documentary credits and collections, guarantees, foreign exchange and investment counseling.
Management and operating of accounts over phone, fax, and the Internet.
The internet banking system of the bank is available in English and does not require any technical installation. It is called Corporate Netbank.
Corporate Netbank provides for the following:
Real-time balances of accounts and transaction lists.
Domestic as well as international payments
Viewing account details.
By making international transfers in this system the client saves 65% on Ordinary transfers and 17% on Express transfers.
There are no maintenance fees for the account.
The account opening balance is MIN US$5,000 (or equivalent in the currency of the account)
The client must be engaged in a legitimate business in manufacturing or sales of tangible goods in the territory of the EU or Eastern Europe.
The bank offers Visa, MasterCard and American Express debit/credit cards for the customer with not less than 6 months' positive relationship with them.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company or Anguilla LLC,
Bahamas International Business Company,
Belize International Business Company,
BVI Business Company,
Cyprus Private Limited Company,
Dominica International Business Company,
Hong Kong Private Limited Company
Nevis Business Corporation, Nevis Limited Liability Company,
Panamana Corporation, Panamanian Private Foundation,
Seychelles International Business Company,
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.
SWISS BANK
Moody's Investment Services noted in their Credit Opinion dated 9 SEP 2008 as follows:
"... as sole shareholder ensures continuity and stability in long-term relationships with clients and employees, creates unique selling position and contributes to the bank's brand value."
The strong ratings of ... Group are based on both the solidity of ...'s balance sheet and earnings strength.
Moody's Standard & Poor's Long term rating B-*/Aa3*/P-1***
________________________
*Individual bank rating. Banks rated B possess strong intrinsic financial strength. Typically, they will be institutions with valuable and defensible business franchises, good financial fundamentals, and a predictable and stable operating environment.
** Obligations rated Aa are judged to be of high quality and are subject to very low credit risk, but "their susceptibility to long-term risks appears somewhat greater".
***Issuers (or supporting institutions) rated Prime-1 have a superior ability to repay short-term debt for the obligations.
The Moody's rating was first accorded in 1996 and has remained unchanged ever since. S&P has rated the Swiss Offshore Bank since January 1997.
Moody's short term rating of P-1 is the highest possible while the S&P rating of A-1 reflects the second highest possible.
The Swiss Bank is the largest Bank in the Principality of Liechtenstein, which itself enjoys the highest possible sovereign rating of Aaa/AAA by both Moody's and S&P. The Principality of Liechtenstein has a net finance surplus and therefore not issued any government debt.
As of December 31, 2008 the bank does have over CHF 78.0 Billion assets under its administration.
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 bank own designed 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.
OFFSHORE COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company or Anguilla LLC,
Bahamas International Business Company,
BVI Business Company,
Cyprus Private Limited Company,
Panamana 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.
LATVIAN BANK
The Latvian Bank is one of the largest banks in Baltic States (Estonia, Latvia, and Lithuania), part of the European Union. The bank has been in business for over 15 years, and it’s one of the first financial institutions licensed by the Central Bank since the independence of the country.
Here are some financial highlights (as per the bank own publications): The bank’s assets exceed €1.4 billion. The profit for the year 2010: €4,6 million. Capital Adequacy Ratio:17,82 % (Basel Requirements = 8 %). Liquidity Ratio: 58,13%. (Regulatory Requirements = 30 %)
The bank services are provided in English, Latvian, Russian and French. The bank does have a sophisticated online banking system with multi-layer protection of the confidentiality of the transactions and secure access to the bank account.
This offshore bank also offers different types of cards, both VISA and MarsterCard, debit and credit ones. The customers can also trade securities and invest in investment funds designed by the specialists of bank's asset management group.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company or Anguilla LLC,
Bahamas International Business Company,
Belize International Business Company,
BVI Business Company,
Cyprus Private Limited Company,
Dominica International Business Company,
Hong Kong Private Limited Company
Nevis Business Corporation, Nevis Limited Liability Company,
Panamana Corporation, Panamanian Private Foundation,
Seychelles International Business Company,
UK Private Limited Company
BASIC KNOW YOUR CUSTOMER (KYC) REQUIREMENTS:
The Latvian bank requires properly legalized copies of the identification documents for signatories to the account.
MALTA BANK
The Malta Bank is a fully licensed bank regulated by the Malta Financial Services Authority. (Malta is an European Union and Euro Zone member).
The personal accounts and corporate accounts opened in the name of Maltese Companies in EURO (€) are covered by the Depositor Compensation scheme established under the Laws of Malta.
The Maltese bank is an affiliate of a U.S.-based trade finance and investment manager.
The bank provides the following services: corporate accounts, deferred interest accounts, term deposits, international trade finance, currency exchange and forward contracts.
Full scale online banking is also provided.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company or Anguilla LLC,
Bahamas International Business Company,
Belize International Business Company,
BVI Business Company,
Cyprus Private Limited Company,
Dominica International Business Company,
Hong Kong Private Limited Company
Nevis Business Corporation, Nevis Limited Liability Company,
Panamana Corporation, Panamanian Private Foundation,
Seychelles International Business Company,
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, professional reference, original proof of address, and notarized copy of the passport and another ID will be required. For a corporation all shares must be issued as registered ones.
BVI BANK
The BVI bank was created by the merger between a major Canadian and major UK bank branches in the Caribbean.
The Canadian bank currently holds 91.5% 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 $12 billion in assets, 3,500 staff and over 800,000 active accounts. The bank has maintained an "A-" rating by Standard & Poor's from inception, the highest rating of any commercial bank in the Caribbean Community.
The bank offers fixed term deposits (min. US$10,000) in most major currencies for a term of seven days to a year. Full scale Internet banking is provided. International Online Wire Transfer services are available. The minimum opening and further balance is US$1,000. We can provide a corporate or private account opening and secured credit cards setup with the BVI branch of the bank.
VISA Credit Cards are issued on cash secured basis only at a rate of 1.5 times the credit limit as security. The card annual fee is US$50.00 for primary user and US$50.00 for each additional user. The Interest Rate on outstanding balances is 12%.
The minimum credit limit is US$5,000, and then the minimum security deposit would be US$7,500. The cardholders can withdraw cash via ATM's within the credit limit. The bank own charges would be US$5.00 per transaction plus 1.5% of the amount withdrawn. The maximum amount of purchases and cash withdrawals per month is US$5,000. The maximum amount of cash withdrawals per day is US$1,000. Debit cards are NOT available for international customers with this bank.
The International mortgage provides the clients with flexible finance at international rates in such world class tourist destinations as Barbados, British Virgin Islands, Bahamas, The Cayman Islands, The Turks & Caicos Islands.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company,
Bahamas International Business Company,
Belize International Business Company,
BVI Business Company,
Dominica International Business Company,
Nevis Business Corporation, Nevis Limited Liability Company
BASIC KNOW YOUR CUSTOMER (KYC) REQUIREMENTS:
For each account holder 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.
BAHAMAS BANK
The Bahamas bank was created by the merger between a major Canadian and major UK bank branches in the Caribbean. See the above section on the BVI Bank account opening for further details and due diligence requirements. The Bahamas bank is a Bahamas-based unit of the same offshore bank listed above.
BELIZE BANK A
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 Belize bank's market share in the local banking industry is almost 50%.
The following banking 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
- Offshore merchant accounts
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:
Anguilla International Business Company,
Bahamas International Business Company,
Belize International Business Company,
BVI Business Company,
Cyprus Private Limited Company,
Dominica International Business Company,
Hong Kong Private Limited Company
Nevis Business Corporation, Nevis Limited Liability Company,
Panamana Corporation, Panamanian Private Foundation,
Seychelles International Business Company,
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, character reference from an accountant or lawyer, original proof of address, and notarized copy of the passport will be required. For a corporation all shares must be issued as registered ones.
BELIZE BANK B
(Recommended for a faster bank account opening)
The bank is a full S.W.I.F.T and VISA member. They do have direct correspondent relationships with first tier banks. The accounts can be opened in USD, CAD, GBP, and EURO.
The minimum account opening/activation balance is US$1,000. Canadian, Euro and Pounds Sterling accounts carry a monthly maintenance fee of 15.00 in the respective currency.
The bank is duly licensed by the Central Bank of Belize to serve international customers outside of Belize. Belize Bank B finished the year 2008 with the asset base of US$114 million. There is another bank in Belize owned by same shareholders and licensed for domestic operations. The combined asset base of both domestic and international banks is approx. $205 million with 111 employees.
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 and MASTERCARD
Both cards require 150% security collateral.
- Prepaid Cards: VISA Travel Money Card and MasterCard (Prepaid) Card
These cards can be easily loaded from a bank account with the bank.
- International (wire) transfers
- Multi-currency banker's drafts
- Certificates of deposits for amounts of US$25,000.00 and more for fixed periods from one to 12 months
- International Documentary Letters of Credit
- International Stand-by Letters of Credit
- Offshore merchant accounts
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 direct correspondent banking relationships with top tier banks.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company,
Bahamas International Business Company,
Belize International Business Company,
BVI Business Company,
Cyprus Private Limited Company,
Dominica International Business Company,
Hong Kong Private Limited Company
Nevis Business Corporation, Nevis Limited Liability Company,
Panamana Corporation, Panamanian Private Foundation,
Seychelles International Business Company,
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, character reference from an accountant or lawyer, original proof of address, and notarized copy of the passport will be required. For a corporation all shares must be issued as registered ones.
SEYCHELLES 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 offshore bank account opening with the bank for Seychelles IBC companies incorporated through our office. The account would be managed online, over the Internet. A minimum balance of US$100,000 is required for business accounts and US$50,000 for personal accounts. Once opened, the account must be funded in four weeks, otherwise the bank will close it.
It will take approximately a month to provide account opening if all due diligence documentation is in place.
The accounts can be opened in all major currencies, such as USD, EURO, CHF, GBP, AUD, JPY, CAD, and ZAR etc, allowing automatic credit in the same currency and reducing losses in exchange rates.
The bank offers US Dollar and EURO Deferred Visa Debit Cards.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company and Anguilla LLC,
Bahamas International Business Company,
Belize International Business Company,
BVI Business Company,
Cyprus Private Limited Company,
Dominica International Business Company,
Hong Kong Private Limited Company
Nevis Business Corporation, Nevis Limited Liability Company,
Panamana Corporation, Panamanian Private Foundation,
Seychelles International Business Company,
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, character reference from an accountant or lawyer, original proof of address, and notarized copy of the passport will be required. For a corporation all shares must be issued as registered ones.
DOMINICA BANK
The Dominica Bank is an affiliate of a prominent bank based in Panama and is a member of an international banking group with over 7 billion USD in total assets. The Dominica offshore bank is supervised by the Government of Dominica and Eastern Caribbean Central Bank. It was licensed by the Dominica government in the year 1997.
The bank offers corporate bank accounts, debit and secure credit bank cards (inclusive nameless MAESTRO). Each client is provided with a Personal Account Manager.
Full scale Internet Banking is available.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company and Anguilla LLC,
Bahamas International Business Company,
Belize International Business Company,
BVI Business Company,
Cyprus Private Limited Company,
Dominica International Business Company,
Hong Kong Private Limited Company
Nevis Business Corporation, Nevis Limited Liability Company,
Panamana Corporation, Panamanian Private Foundation,
Seychelles International Business Company,
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 such as utility bill, notarized copies of the passport and another personal identification document (e.g. driver's license) will be required.
ANGUILLA BANK
The Anguilla Offshore Bank was formed in 1984 by a group of investors on the base of branches of the Bank of America National Trust and Savings Association. NBA (Private Banking & Trust) Ltd was established to provide banking services for offshore client. This is a wholly owned subsidiary of the top local bank. The assets of the Anguilla Bank Group of Companies recently reached the mark of US$370 million, US $213 million in deposits and US $122 million in Loans. The bank is the undisputed leader in the Anguillan banking market.
Online Banking is available (viewing of balances and transactions ONLY). Wire transfer requests are made by fax or email. Checking account minimum deposit USD $1,000. Saving: USD $3,000. Visa International Debit Card is available. Funds are accessible through ATM worldwide.
Offshore merchant accounts can be setup on certain terms and conditions.
COMPANIES ELIGIBILITY FOR THE ACCOUNT OPENING:
Anguilla International Business Company and Anguilla LLC
BASIC KNOW YOUR CUSTOMER (KYC) REQUIREMENTS:
For each company director, shareholder, beneficiary, and signatory to the account an original bank reference, character reference from an accountant or lawyer, original proof of address, police clearance certificate, and notarized copy of the passport will be required. For a corporation all shares must be issued as registered ones.
Our offshore account opening fees are listed in the following section:OFFSHORE BANK ACCOUNT OPENING SERVICES & FEES
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