Need a quick bank account for Nevis and UK entities - for a non-resident with no visit required.

[markgrahamuk]

Hi all,

I have a problem. I have setup 2 companies last year (2020):

1. UK Ltd Company
2. Nevis Ltd Company

I live in Dubai, United Arab Emirates and need to get bank accounts for both of these entities pronto. I have struggled to get anything sorted for most of 2020 and quite honestly just gave up around September last year. However, I do now need to get this sorted as I am about to ink a contract.

I cannot seem to get a bank to agree to open an account. I'd appreciate all the help I can get. Thanks all. 🙂

 

[Martin Everson]

You can try some of following:

https://www.capitalsecuritybank.comhttps://gkbank.com/https://www.fvbank.us/#/home

markgrahamuk said:
I cannot seem to get a bank to agree to open an account. I'd appreciate all the help I can get. Thanks all.
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Who have you tried? Did you set your standards too high in terms of banks for a Nevis company?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[markgrahamuk]

Martin Everson said:
You can try some of following:

https://www.capitalsecuritybank.comhttps://gkbank.com/https://www.fvbank.us/#/home


Who have you tried? Did you set your standards too high in terms of banks for a Nevis company?
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I tried SBM Bank, Bank One, HSBC Singapore, Barclays, Paysend, Starling

 

[bizniz]

Hi, you could try Nevis International Bank and Trust. I believe we are not allowed to post links here but you can Google them.

 

[markgrahamuk]

Thanks guys. Does anyone have any other suggestions? Is any one 3rd country resident like me? i.e. registered business in one country 1, citizen of another country 2, but resident in another country 3. If so, who have you banked with?

 

[Martin Everson]

markgrahamuk said:
I tried SBM Bank, Bank One, HSBC Singapore, Barclays, Paysend, Starling
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Ok so you were having a laugh with the first 4 banks you named. There is zero chance with Nevis company....lol. Your gonna have to settle for whatever you get with a Nevis company.

Nevis company and Dubai residency maybe ok with Al Salam Bank in Seychelles.

https://www.alsalamseychelles.com/en/RETAIL-BANKING/Accounts/Pages/Current-Account.aspx

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Fulton Abraham Sanchez]

markgrahamuk said:
Hi all,

I have a problem. I have setup 2 companies last year (2020):

1. UK Ltd Company
2. Nevis Ltd Company

I live in Dubai, United Arab Emirates and need to get bank accounts for both of these entities pronto. I have struggled to get anything sorted for most of 2020 and quite honestly just gave up around September last year. However, I do now need to get this sorted as I am about to ink a contract.

I cannot seem to get a bank to agree to open an account. I'd appreciate all the help I can get. Thanks all. 🙂
Click to expand...

M, hi. Yes, you can open a bank account for both entities. A Bank in Antigua is a good option too.

 

[Fred]

markgrahamuk said:
Hi all,

I have a problem. I have setup 2 companies last year (2020):

1. UK Ltd Company
2. Nevis Ltd Company

I live in Dubai, United Arab Emirates and need to get bank accounts for both of these entities pronto. I have struggled to get anything sorted for most of 2020 and quite honestly just gave up around September last year. However, I do now need to get this sorted as I am about to ink a contract.

I cannot seem to get a bank to agree to open an account. I'd appreciate all the help I can get. Thanks all. 🙂
Click to expand...

If you have a good relationship with a local UAE bank you should get a company bank account for the UK entity.

As @Martin Everson mentioned you can try banks in Mauritius, Seychelles and Puerto Rico as well. I recommend you with an introducer.

For EMI's you should be able to get at least a Lithuania EMI that is limited to SEPA only and rip off fees.

Don't foget - much depends on the business you conduct.

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[Davis123]

Martin Everson said:
Ok so you were having a laugh with the first 4 banks you named. There is zero chance with Nevis company....lol. Your gonna have to settle for whatever you get with a Nevis company.

Nevis company and Dubai residency maybe ok with Al Salam Bank in Seychelles.

https://www.alsalamseychelles.com/en/RETAIL-BANKING/Accounts/Pages/Current-Account.aspx
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Hi is this bank AlSalam any good? I see they have nice credit cards with generous benefits but don't know how reputable is this bank as previously Barclays was the best bank in Seychelles. There was a BMI bank too that had decent reputation.

 

[Martin Everson]

Davis123 said:
Hi is this bank AlSalam any good?
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Not heard any compliant and they are part of a larger group.

Davis123 said:
There was a BMI bank too that had decent reputation.
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Good old BMI that lost correspondence banking accounts and I could not get my money out. The good old days.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Davis123]

Martin Everson said:
Not heard any compliant and they are part of a larger group.



Good old BMI that lost correspondence banking accounts and I could not get my money out. The good old days.
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Lol yeah I think BMI bank was also from Bahrain that is why I am sort of thinking it might be the same wolf dressed as a different sheep. 😉

 

[Martin Everson]

Ahhh yes I see where your going....lol.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Davis123]

Martin Everson said:
Ahhh yes I see where your going....lol.
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Well for starters http://tradearabia.com/touch/article/BANK/308495. You ought to check out the link as I wasn't joking dear 🙂

 

[bigladsmith]

Do TransferWise accept Nevis companies?

 

[bizniz]

bigladsmith said:
Do TransferWise accept Nevis companies?
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Transferwise change their list of acceptable countries almost every week. The only reliable way to find out is to start their onboarding process with Nevis and see what happens.

 

[Garret Gates]

bizniz said:
Transferwise change their list of acceptable countries almost every week. The only reliable way to find out is to start their onboarding process with Nevis and see what happens.
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They don't accept now KN gru87¤¤

 

[dirtyharry]

Martin Everson said:
You can try some of following:

https://www.capitalsecuritybank.comhttps://gkbank.com/https://www.fvbank.us/#/home


Who have you tried? Did you set your standards too high in terms of banks for a Nevis company?
Click to expand...

if you are able to work with what martin said already it may be the best banking facility for your needs.