Bank Account for Saint Kitts and Nevis IBC

[SalazarCorp]

Hello Guys,

I recently opened an IBC in Saint Kitts and Nevis for my consultancy business and the only bank that accepted our business was Caye Bank in Belize. Now, when we issued the invoice for our client for payment, they are not accepting to transfer it to a third party (it seems Caye Bank uses some third party account in other bank in Europe). This will require us to open another bank account and we are running out of options and time. We have tried AirWallex and Aspire without success.

Can someone recomend a agent or a bank where we can try to open an account?

The company has two shareholders (Europeans) and the average yearly turnover will be around 2-3 million USD.

Thanks!

 

[Marios]

Try to open account in BONI at St. Kitts

 

[linusAG]

>Europeans
Which country?

Do you only need EUR?

 

[Suzy Emerald]

Try PROVEN bank in St Lucia but more succes via an introducer

 

[SalazarCorp]

Marios said:
Try to open account in BONI at St. Kitts
Click to expand...

Thanks, I will give it a try.

linusAG said:
>Europeans
Which country?

Do you only need EUR?
Click to expand...

Portugal and United Kingdom. Actually we only need USD, our clients are mostly China.

Suzy Emerald said:
Try PROVEN bank in St Lucia but more succes via an introducer
Click to expand...

Can you indicate a trustworthy agent to assist us ?

Thank you all for your replies.

 

[jafo]

SalazarCorp said:
Hello Guys,

I recently opened an IBC in Saint Kitts and Nevis for my consultancy business and the only bank that accepted our business was Caye Bank in Belize. Now, when we issued the invoice for our client for payment, they are not accepting to transfer it to a third party (it seems Caye Bank uses some third party account in other bank in Europe). This will require us to open another bank account and we are running out of options and time. We have tried AirWallex and Aspire without success.

Can someone recomend a agent or a bank where we can try to open an account?

The company has two shareholders (Europeans) and the average yearly turnover will be around 2-3 million USD.

Thanks!
Click to expand...

SalazarCorp said:
our clients are mostly China
Click to expand...

I don't know your business, but I have "a friend of a friend" 😉 with an almost similar setup for several of "his" companies, and "he" has accounts at CCB, ICBC, BoC, and ABC.

Of course, "he" opened "his" accounts years ago. Not sure if you can still do it, but it's worth a try. 😉

PS. "He" even has WeChat Pay and Alipay. 😉

 

[SalazarCorp]

jafo said:
I don't know your business, but I have "a friend of a friend" 😉 with an almost similar setup for several of "his" companies, and "he" has accounts at CCB, ICBC, BoC, and ABC.

Of course, "he" opened "his" accounts years ago. Not sure if you can still do it, but it's worth a try. 😉

PS. "He" even has WeChat Pay and Alipay. 😉
Click to expand...

I currently live in the UAE and i have tried to approach Chinese Banks here, but they say can't open offshore bank accounts for companies in Saint Kitts and Nevis. Also tried Bank of Baroda here, no luck.

The best I got so far is Afrasia Bank from Mauritius, they asked me to go there to have a personal meeting, but without guarantee of getting the account opened.

 

[Alexmorgan]

Today i was going to ask everyone here either to get Saint kitts and nevis passport or Maltese passport

Now i got the answer

Thank you for putting your case here

 

[Marios]

SalazarCorp said:
Thanks, I will give it a try.


Portugal and United Kingdom. Actually we only need USD, our clients are mostly China.


Can you indicate a trustworthy agent to assist us ?

Thank you all for your replies.
Click to expand...

Let me know if you need any contacts to access BONI or PROVEN

 

[Forester]

SalazarCorp said:
I recently opened an IBC in Saint Kitts and Nevis for my consultancy business and the only bank that accepted our business was Caye Bank in Belize.
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The vast majority of these “classical” offshore locations like Saint Kitts and Nevis represent a problem with banking nowadays. Unfortunately.

SalazarCorp said:
The company has two shareholders (Europeans) and the average yearly turnover will be around 2-3 million USD.
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Your turnover can be somehow attractive to a bank, on the other hand, a “consultancy business” is always raising some red flags. Can you share what business you are particularly in?

SalazarCorp said:
The best I got so far is Afrasia Bank from Mauritius, they asked me to go there to have a personal meeting, but without guarantee of getting the account opened.
Click to expand...

Well, Mauritian banks can be an option; but it really depends on your business. Try to reach e.g. @CyprusLawyer101 here re:Mauritius, I think he is able to help there.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[Forester]

Marios said:
Try to open account in BONI at St. Kitts
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Well, I have just recalled something...
Before you try, read this BONI in Nevis having regulator problem ?

BTW, @Marios, as of Bank Account for Saint Kitts and Nevis IBC, you apparently / probably possess some information re: BONI.
Would you mind to elaborate more on that? Either here or in this thread BONI in Nevis having regulator problem ?

Last edited: Aug 25, 2024
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[Marios]

Forester said:
Well, I have just recalled something...
Before you try, read this BONI in Nevis having regulator problem ?

BTW, @Marios, as of Bank Account for Saint Kitts and Nevis IBC, you apparently / probably possess some information re: BONI.
Would you mind to elaborate more on that? Either here or in this thread BONI in Nevis having regulator problem ?
Click to expand...

As far as I'm aware, there aren't any current regulatory issues with BONI. Over the past six years, I've introduced several clients to the bank. There was a period when the bank experienced some correspondent banking issues, but from what I understand, those have been resolved.

The last client I introduced was in March, and I haven't received any complaints from them about any issues. That said, there may be issues that I'm not aware of, and thus I would encourage every client to conduct their own due diligence before proceeding.

 

[Clank]

I wouldn't use BONI bank when I reached out to them they didn't want to disclose financial statements.

 

[SalazarCorp]

Marios said:
Let me know if you need any contacts to access BONI or PROVEN
Click to expand...

Does BONI provide dedicated IBAN for each client or it's like Caye Bank which provides a sort of pool account?

 

[Weary]

I would not recommend BONI. There would be difficulties getting out your money unless you are putting it there for long term use. STAY FAR from BONI.

Try sovereign, international merchant or sun international bank in Nevis

Marios said:
As far as I'm aware, there aren't any current regulatory issues with BONI. Over the past six years, I've introduced several clients to the bank. There was a period when the bank experienced some correspondent banking issues, but from what I understand, those have been resolved.

The last client I introduced was in March, and I haven't received any complaints from them about any issues. That said, there may be issues that I'm not aware of, and thus I would encourage every client to conduct their own due diligence before proceeding.
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Was the account succesfully opened and operating without delays?

Last edited: Aug 27, 2024

 

[Marios]

The accounts is dedicated (no IBANs are provided), but the beneficiary details may be included in the payment details depending on the route selected to send the funds. You can refer to the link below for their current fees. If you scroll further down, you'll find information on the two correspondent banking channels they use:
https://www.boniltd.com/_files/ugd/2ce673_f732c78bb2394e028dec480f4a17c9cf.pdf
Hope that helps.

Weary said:
I would not recommend BONI. There would be difficulties getting out your money unless you are putting it there for long term use. STAY FAR from BONI.

Try sovereign, international merchant or sun international bank in Nevis


Was the account succesfully opened and operating without delays?
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Yes, the account was successfully opened and funded. However, I'm not in a position to confirm whether it has been actively used since then. So far my client hasn't raised any issues with me, but that's likely because they are not actively using the account. I recommend exercising your own due diligence and proceeding with caution when applying to BONI or to any other financial institution.

Last edited: Aug 27, 2024

 

[linusAG]

Weary said:
I would not recommend BONI. There would be difficulties getting out your money unless you are putting it there for long term use. STAY FAR from BONI.

Try sovereign, international merchant or sun international bank in Nevis


Was the account succesfully opened and operating without delays?
Click to expand...

Do you have personal experience with sovereign, international merchant or sun international bank in Nevis?

 

[Forester]

linusAG said:
Do you have personal experience with sovereign, international merchant or sun international bank in Nevis?
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@Weary probably had in mind Sovereign International (Global Growth Simplified | Sovereign International) ”“ more or less a UK reseller of financial services; and SunBank International (SunBank |) ”“ a bank in Nevis... Just as a side-note.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[Sols]

Sun Bank in Nevis is little more than an offshore banking license wrapped around the Canadian company Sunpay (SunPay).

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This is the probably the answer to your question.

 

[linusAG]

Forester said:
@Weary probably had in mind Sovereign International (Global Growth Simplified | Sovereign International) ”“ more or less a UK reseller of financial services; and SunBank International (SunBank |) ”“ a bank in Nevis... Just as a side-note.
Click to expand...

Yes,

I think they use nested accounts with some fintech for payment. And may lose pay in/out capability from time to time. So I'm very curious about the in-person experience at these banks.