With many years of experience in opening business bank accounts in BVI and banking relationship, we provide our clients with companies formed in the BVI or in other jurisdictions, all-inclusive bank account opening services, this ensures successful and prompt, handling and organization of the bank account opening process, compliance with the opening requirements.
This includes, but is not limited to, banking introduction, forms filling, gathering all the required documents, notarization, communication and directing the bank, etc.
Our banking solution in BVI, a Canadian bank, is one of the most popular and biggest banking option throughout the whole Caribbean region, having our banking option, branches in almost all Caribbean countries and jurisdictions.
Bank Location
Minimum Initial Deposit
Bank Opening Fee
Type of Account
Accounts currency:
Cards:
Crypto Allowed:
Remote Opening:
Jurisdictions allowed
BVI
$25,000
US$500
US$500
USD
Yes, credit card is issued with 110% backed credit.
Not allowed
You can open a business bank account in BVI without the need to travel. Nonetheless, all documents must be sent via mail within 30 days after bank approval.
BVI and other offshore jurisdicitions
Bank Fees
US$500 account opening fee, charged by the bank.
US$50 monthly maintenance fee.
US$20 penalty per month if the balance falls below US$25,000
Miscellaneous Information
Documents required to open an account
Company documents
Certificate of Incorporation
Certificate(s) of Change of Name(s) (if applicable)
Certificate of Good Standing (if company is more than 12 months old)
Memorandum and Articles of Association
Register of Directors and Officers
Register of Members and Shareholders
Nominee Shareholder Agreement (if applicable)
Other supplemental documents are required depending on the entity type, for example if it is a partnership, hedge fund, trusts, etc.
Documents needed from each Ultimate Beneficial owner, director, and authorized signatory.
Bank reference letter
Professional Reference Letter
Proof of address
Two IDs certified, one being the passport, and the second ID can be a driver’s license, residency card, national ID card, etc.