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Why is Nevis the best option to open an offshore bank account?

calendar 2/18/2022 8:00:00 AM
author Admin System

One of Mundo Expert's missions is to know and promote new projects based on the philosophy of freedom. Our allies and partners share that philosophy and they are willing to provide services in order to help our clients to safeguard their legacy and achieve freedom.

In this article we will talk to you about our latest banking ally. They offer bank accounts, open credit lines and many other financial services in their portfolio.

However, their best Located in Saint Kitts and Nevis; this banking institution started its operations in late 2021. Within its portfolio of services it offers the opening of bank accounts to individuals and companies. Likewise, its financing, for the time being, for companies that wish to apply. Its current leadership has 32 years of banking experience in the retail banking sector and more than 18 years of senior positions in other banks in the country.

Mundo Expert has years of experience in the island of St. Kitts and Nevis helping individuals and companies to obtain residences, lines of credit, opening accounts and company registrations. We can assure that our new relationship is committed to the development of the country and to optimize its capital.

If you wish to know more about the services and advantages our partner has to offer then you must continue reading.

What are the services offered by the bank?

In a nutshell, these are some of the services that our banking ally has to offer:

eBanking account for private clients

This type of account offers you security and quick access to your money and finances. Through it you use many currencies (USD, GBP, EUR, AED) to name a few, and make local and international payments. 

On the other hand, the eBanking service for private clients will allow you to manage your finances, organize your financial reports, monitor your investments and establish international business partnerships. 

It can be managed from your phone, tablet or computer. The great attraction of our banking ally services is that you can access them from wherever you are in the world. Remember, innovation and security. 

Corporate eBanking Account 

It is designed for importers, traders, producers and manufacturers. Those who fit this profile will be able to access a series of services such as the management of a multi-currency account (USD, GBP, EUR, AED), make local and international payments and apply for our ally’s lline of credit and project funding. 

With this account you will be able to make operations such as: related payments, vendor settlements and any other items related to global trade.

It can be opened and managed from your phone, tablet or computer. The great attraction of those services is that you can access them from anywhere in the world. 

Credit and Financing 

There are several types of letters of credit that provide total security when offering and selling products and services. 

Letters of credit are common in international trade and also in local or national transactions in sectors such as real estate and construction projects in order to establish conditions when requesting funding.

Bank cards 

Credit cards and prepaid cards are expected to be part of the bank's services in the near future. 

Contact our experts


What are the letters of credit that our partner handles?

Documentary letters of credit 

is a guarantee given by the bank to the beneficiary of the credit that he/she will receive the requested funds when all the required documentation and terms are met by the beneficiary bank, to obtain the credit.

Standby letters of credit

A type of letter of credit that is used as a guarantee and is exercised in the event of default on a commercial, financial or service obligation. They are usually negotiable at sight against presentation of a "letter of default" issued by the beneficiary.

Back to back letters of credit

A type of letter of credit in which the intermediary-beneficiary uses the letter of credit as collateral for a second independent credit issued in favor of the latter supplier.

Transferable letters of credit 

It is the document that allows the bank to transfer part or all of the amount to be given on credit. 

Types of customers

Corporates and individuals. 

Exporters, producers and manufacturers

People with savings in gold or cryptocurrency are also candidate profiles to open accounts in this bank.

Fees

Currently, the bank has the following fees and requirements. The minimum monthly balance of 25,000.00 US dollars for Corporate Account and 50,000.00 US dollars for Private Account. Details below:

Transfers

Amounts in USD

 

Private Accounts

Corporate Accounts

Incoming/Outgoing Wire Transfers

80/65

80/65

Internal Account Transfer

Free

Free

Fx transfer fees

As per spot rate plus transfer fees

As per spot rate plus transfer fees

Administrative fees

 

 

Account Application Fee

1,000

500

Yearly Account Fee

5,000

5,000

Banking reference letter

Free

250

Mailed Statements/Documents

As costs incurred

As costs incurred

Online Banking

Free

Free

Mobile Banking

Free

Free

Requests

 

 

Face to face meetings

As costs incurred

 

Advice/Matchmaking

Free

 

Dedicated private banker

Free

 


Advantages of opening your account with our ally 

Creating an account with our ally means that you will place your trust in a start-up institution within a safe business environment such as St. Kitts and Nevis, which will allow you to take advantage of all kinds of products and low commissions, interest rates and online banking services. 

Also, in this banking institution you will have the opportunity to find experts with a global vision for business and experts in being able to optimize your income. Furthermore, you will have Mundo Expert to assist you in every step of the process.

Why Nevis?

St Kitts and Nevis banking law keeps client information completely confidential. This is especially so for both Nevis citizens and non-citizens and if their funds are held in a multi-purpose Foundation. In fact, if any Nevis banking institution discloses customer information to third parties without a local court order they are subject to civil and criminal penalties.

The Nevis Multi-purpose Foundation is the most powerful asset management tool on Earth. It will protect Family Office assets forever from any legal or creditor who wants to seize their assets.

Finally, it is very easy to open a bank account with our banking partner. You only need to access the page of the same to be able to make the request of the financial service that you deserve or to make any type of consultation that is of your attention.

The banking industry is expanding every day. For this reason we invite you to contact us if you want us to be your link with our ally in order to safeguard your money and safely manage your assets. Our experts are at your service and ready to offer you the best experience so you don't waste your time.

Privacy 

For families and individuals with large estates, privacy is paramount. It is no secret that most wealthy families in the world rely on island banking to keep their money from being traced. We are not saying that everyone deserves such an excessive level of privacy, but we show it as necessary for those with very large fortunes.

St. Kitts and Nevis offers this type of privacy through a strong and stable banking system. As of 2017 it is a member of the CRS, but then again, so is virtually the rest of the world. Nevis continues to maintain a significant level in today's financial arena when it comes to privacy and asset protection. This level of privacy is highly competitive and a rare diamond in today's financial world.

For its part, our ally appreciates the importance of confidentiality while ensuring compliance with applicable law. The Bank will act within the ambit of the Confidentiality Relationships Act Cap 21.02 of the revised laws of the Federation of St. Kitts and Nevis. This means that the Bank is responsible for the protection of all physical and electronic records from unauthorized use, destruction or alteration.

Taxation 

St. Kitts and Nevis exempts income earned abroad from taxation. If you establish a tax residence in the islands, the offshore banks will report that you have generated income, but this will not be subject to taxation. 

For example, a trust incorporated in Nevis is exempt from tax on any income earned anywhere in the world outside Nevis, including dividends and interest, withholding taxes, capital gains taxes or estate taxes. Nevis trusts or Nevis offshore banking are not required to pay stamp duty on transactions. There are no exchange controls in Nevis, and the country has steadfastly refused to sign any tax treaties with other countries.

Account opening time

Opening a bank account with our banking partners takes up to 10 days. This is the prudent lapse of time that most of the banks in the country take to verify all the information provided. Moreover, it will not be necessary to be present in the process, you will be able to do the whole process remotely.

Contact us 

If you wish to obtain more information about the amounts of the other commissions in the two types of accounts that our partner has available, please contact us. 

At Mundo Expert we are willing to be your link to this emerging banking entity. We have years of experience in the banking sector in St. Kitts and Nevis. Our legal, accounting and financial experts are at your service and ready to make your investment a comfortable, easy and secure experience. 

St Kitts and Nevis is one of the main financial destinations for Family Office and wealthy individuals who wish to achieve financial freedom. If you wish to know other opportunities that this and other offshore destinations offer to you, then you must attend our next Top Conference, where you will get to know the vanguardist economic opportunities that our experts have to offer.

Our Top Conference will take place on March 3rd, 2022. Register now!

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