Bank Accounts

Seychelles company formation with bank account is one of the rising popular options among various foreign investors. The island is located off the eastern coast of Africa in the Indian Ocean and the jurisdiction of Seychelles is often associated and commonly known to be popular tourist destinations, with its main economic activities revolving around tourism and fishing. In an effort to transit itself into a financial services hub, Seychelles maintained a pro-business stan...

Deciding on which country would be the most suitable for corporate bank account opening is imperative for your business. How to choose the best jurisdiction with an offshore bank account? To choose the best jurisdiction to set up an offshore business account, the following factors must be kept in mind: 1. Privacy and Security An offshore bank account is supposed to provide privacy and security for the business. This is guaranteed by the government regulations and t...

Bank of Asia (BOA) has been established in the British Virgin Islands (BVI) to address the need of BVI and other offshore companies in getting bank accounts opened and other banking needs satisfied. It facilitates the growing offshore banking needs of a large, underserved universe of Chinese and other Asian high net worth individuals and their related offshore business companies. As a platform, BOA is free from legacy constraints and is focus on a simple set of prod...

ABC Banking Corporation Limited is a Mauritius bank which obtains its banking license since 2010. It currently offers a wide range of products and services including current accounts, saving accounts, term deposits, card services, leasing, housing loans & personal loans, term loans and revolving credit as well as trade finance services such as bank guarantee, letter of credit, import & export loans, collection document for import & export. The bank has been providin...

Swiss banks managed almost a quarter of the world’s private wealth remain as a center of international banking. The sophisticated service offered by Swiss bank remains as the first class banking services. Due to the changing banking landscape as profiled by the international organization OECD and FATF, account opening is complex nowadays. Opening an account without a personal introduction and professional assistance is very challenging. Here are some key note...

The CEO of Capital Security Bank in the Cook Islands shares his opinion on account opening in 'China Offshore' as below: Entrepreneurs spend much effort in selecting the right banking partner. Their consideration includes the offshore jurisdiction, its legal framework from asset protection, privacy,*strength of regulator, financial standing of the selected bank such as history, management, financial status and products provided by bank, the banking procedure incl...

With motto of Change the Way People Bank, Bank of Asia in British Virgin Islands has launched its new logo in February 2021 marked a new period of growth for the institution. The bank has been granted a General Banking License since 2016, being the last banking license issued by the BVI government, With the banking license, Bank of Asia is able to offer services to both BVI business community and global clients. The bank has tapped into services and products be...

Banks in Hong Kong have followed strictly with the guidelines issued by FATF and OECD’s to combat money laundering and terrorist financing and tax evasion. In this regards, it isn’t easy to open offshore account in Hong Kong without substance. Like all of the banks in the world, banks in Hong Kong review the customers’ accounts regularly. Once an account is identified not operating in line with its Anti-Money Laundering (AML) guideline, it will be closed as an adm...

The first cross-border digital bank which accepts clients from multi-jurisdictions after KYC checks is officially launched on the reception night of the BVI Asia Conference – Roadshow Hong Kong organized by BVI Finance on 5 June 2018. The theme of the Conference was “Asia's International Partner in the Digital Era”. The launch of this BVI licensed bank is to provide a practical solution for companies or SMEs to secure banking services via innovative technology aimi...