Instructions for Opening Corporate Bank Account

Required documents for opening corporate account:
 

(1)Please complete, print and sign two copies of the Bank Account Contract (account_contract.pdf)
 

(2) Please complete, print and sign one copy of Corporate Account Opening Form (corporate account opening form_DRAG.pdf).
 

(3) In case company has shares, please complete, print and sign one copy of Bearer Shares Declaration (BDS.pdf)

*** Please be sure to enclose the following documents required. ***
 

(A) A notarized copy of the Certificate of Incorporation /Certificate of Good Standing
 

(B) A notarized copy of the Memorandum and Articles of Association/Incorporation
 

(C) Description of the nature of the business activity on company letterhead signed by the Director(s). Please see file “business_plan.pdf” for business description requirements.
 

(D) Resolution of the Board of Directors authorising opening of the account and conferring authority on the person who will operate the account
 

(E) Notarized Copies of passport or other acceptable ID (the page with photo and signature) for Authorized Person, Additional Authorized Persons (if any), all Directors/Officers and Beneficial Owners. A notarized copy of Driver's License is also required for US and Canadian citizens.
 

(F) Copy of Utility Bill or a Bank Statement as a proof of address for Authorized Person, Additional Authorized Persons (if any), all Directors/Officers and Beneficial Owners.
 

(G) Bank References for the Authorized Person and Authorised Persons (if any) as well as for all Directors/Officers/Beneficial Owners.
 

(H) A password, consisting of not more than 10 Latin characters chosen by you, in a sealed envelope. This password is needed in case you would like to block the Digipass or bankcard.
 

To speed up the processing of your documents, you can first  send a scanned copy of your documents via email at:

(I) Mail the copies of the signed forms and the supporting documents to one of the addresses specified below (courier is preferable):

 

The business incentives are:
- Complete exemption from income tax on profits
- An independent and efficient judiciary system
- Significant Tax holidays for new business
- Import tax reduction on raw materials, machinery, equipment and spare parts
- Freedom to repatriate funds for business.
- A low-cost operating centre for offshore business
- Exceptional low fee structure for business formation.
- Lifting of ban on foreigners holding trust company licences
- A stable foreign exchange regime
- Excellent Telecommunications with the entire world.
- Stable labour force
- A tradition of governmental support for foreign private investment
- Support for foreign private investment.

St.Vincent and the Grenadines boasts perhaps the most modern International Business Centre.

Plus Saint Vincent is the 1 of the top 10 destination in the world!
Saint Vincent is a volcanic island located in the Caribbean sea between Saint Lucia and Grenada. It is partially submerged volcanic mountains.

Saint Vincent territory was disputed between France and the United Kingdom in the 18th century, before being hand over to the British in 1783. The island gained independence on October 27, 1979. Approximately 120,000 people live on the Saint Vincent island. Kingstown is the biggest and main town population 19,479. The rest of the population resides in the Layou, Barrouallie, Chateaubelair, Georgetown, and Calliaqua.
 

Get your own Bank account with ATM card (Maestro/Mastercard debit card) for withdrawals

Information About:

Offshore TERMS - Offshore DICTIONARY - Offshore GLOSSARY

Forex Terms

ALL or NONE - ARBITRAGE -  ASK - AUTOMATIC EXECUTION - BASIS POINT - BID - BROKER - COST OF CARRY - COUNTERPARTY - ENTRY ORDER - FOREX - FOREX TRADER - LEVERAGE - LIMIT ENTRY ORDER - LIMIT ORDER - LONG POSITION - LOT - MANUAL EXECUTION - MARGIN - MARGIN CALL - MARKET MAKER -  MARKET ORDER - MINI ACCOUNT - OCO ORDER - OVERNIGHT - PEGGING - PIP or POINTS - POSITION - PREMIUM - QUOTE BUY SELL - ROLLOVER - SHORT POSITION - SLIPPAGE - SPOT FOREIGN EXCHANGE - SPREAD - STOP-ENTRY ORDER - STOP-LOSS ORDER - SWAP - TICK - VOLATILITY - WHIPSAW - WHISPER NUMBER