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US Dollar Offshore Bank Account |
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| |  REQUIREMENTS FOR AN INTERNATIONAL BUSINESS COMPANY (IBC)
and PERSONAL & JOINT PERSONAL ACCOUNTS
DOCUMENTS required for all Signatories and Directors:
- Color Copy of Passport (Notarized in English)
- Two Recent/Original Bank Reference Letters with a relationship of 2 yrs. plus, also to be included in letter is length of relationship, nature of business and average balances for all Signatories (If two bank references are not available, a letter of reference from your Attorney or CPA would be acceptable in lieu of the second bank reference. Request Sample Letter.) All References are verified by the bank.
- Full address, telephone, fax, email and website address if applicable.
DOCUMENTS required for Corporate Accounts:
- IBC Certificate of Incorporation
- Memorandum and Articles of Association
- Certificate of Good Standing (If Company is older than 1 yr.)
- Resolution of Directors and Officers and Register of Directors
- Copy of Share Certificate (s) and Share Register
Note: If Company is registered in another Jurisdiction, all documents must be notarized BANK FORMS:
- Application forms/Bank Mandate/Signature Cards
- Operation and Verification of Account Agreement
- Banking and Signing Resolution of Directors
- Anticipated Activity for New Accounts Form giving details on business activity
- Declaration of Source of Funds/Support documents may be requested
- Indemnity for Verbal/Fax/Email Instructions
- Online Banking Application
Note: Signatures on bank application forms must correspond with that in passport.
DEPOSITS & FEES REQUIRED:
• Initial Deposit to open Account and to be maintained at all times: US $ 1,000
• Cost of Processing Bank Application: US $ 350
• Administrative Costs (estimate) including Telephone, Fax, Photocopy & Courier: US $ 100 TOTAL COST: US $ 450
OPTIONAL SERVICES:
• + Annual Cost of Nominee Director Services with Indemnity: US $ 500
• + Annual Cost of Signatory to the Account: US $ 500
• Annual Cost of Deposits, Disbursements and Transfers: US $ 250
• Annual Cost of monthly reconciliation and forwarding of accounts: US $ 250
• Annual Cost of Mail Forwarding Services Fees: US $ 165 + Deposit expenses: US $ 50
• Introduction to Offshore Banks: US $ 200
Note: These services are only available at the anniversary date of the company.
GENERAL INFORMATION:
• Maximum CASH Deposit of US $ 10,000 during calendar year
• CASH transactions limited to US $ 1,000. per day at minimum fee of US $ 30 or 3% whichever is greater
• International Visa or MasterCard Credit Cards
• International Debit Cards and Prepaid Debit Cards
• Certificate of Deposits with attractive interest rates starting at US $ 25,000. Interest Rate depends on amount of funds and time period. Present Rates range from 2.75% to 5.75% 
• Wire transfer services at US $ 70.00 for the U.S.A. and US $ 80.00 for other countries
• Online Banking Services available
• Services include Banker’s Checks, Standing Orders, Direct Debits, etc. (No Check Books)
• Monthly Statements available for US $ 5.00 each
• Fee of US $ 50. charged for cancellation of accounts within 3 months
• Our Cost for Closing Bank Accounts is US $ 150.00
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