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Our company offers introduction services for opening corporate bank accounts with Bank of Nevis in Nevis.

About the Bank

This bankis the largest Nevis bank. It offers a full range of banking and financial services to both domestic and international customers.

The bank was established in 1985. Its office is located in the capital, Charlestown.

Currently the bank has over $350 million in assets.

Banking Secrecy and Tax Treaties

Banking secrecy in Nevis is strictly enforced by law. Nevis does not have signed tax treaties with any other country and does not exchange banking and tax related information with any nation. Bank records are available to the account signatories only.

Required Corporate Documents

All required corporate documents are prepared and submitted to the bank by our Belize agent.

Required Personal Documents

The bank requires the following personal documents from each beneficial owners and authorized signatories:

• A notarized copy of the valid passport (pages containing photo, signature and personal details)

• A notarized copy of the drivers licence

• Bankers letter of reference on official letterhead with name, address, telephone/fax numbers issued less than 6 months ago

• Professional reference from a lawyer, accountant or certified financial planner on official letterhead with name, address, telephone/fax numbers issued less than 6 months ago

• Proof of physical address (original or notarized copy of utility bill, bank statement or credit card statement). No P.O. Boxes accepted.

Specimen Signature Card signed by the signatories must also be notarized.

Personal Visit

Our clients, who use the bank introduction services are not required to visit the bank in person.

Client has to send his personal documents and completed and signed bank forms to our Nevis agent. The agent submits the application to the bank and monitors the account opening process.

Initial Deposit

The minimum amount required for the establishment of a current account is US$1,500. When the account is opened, a client receives an email from our company confirming account details.

The bank does not have a specific deadline for the initial deposit. However, our company recommends our clients to send their initial deposits within one month.

Upon receiving the initial deposit the bank makes the account active and ready for business.

Minimum Balance

A minimum balance of US$1,500 is required to be maintained at all time.

Online Banking

The bank offers advanced online banking including:

• Access to account balances and account transactions

• Transfer money between accounts in the same bank

• International wire transfer payments.

Clients have access to their accounts 24/7.

Debit and Credit Cards

Debit cards are not available.

The bank offers credit cards, such as Visa Classic, Visa Gold and Visa Business credit cards:

• 24/7 access to funds in any place of the world

• worldwide acceptance for any online or in store purchases

• worldwide cash withdraw.

Credit Card Limit: depends on the security deposit.

Security Deposit: the amount equal to 150% of the credit card limit must be held in a secured US dollar bank account opened with the bank.

Time Required

The bank usually opens a corporate account in one week after receiving completed application forms, corporate and personal documents and verification of clients personal documents and business information.

Currencies

The bank opens accounts in USD, EUR, GBP and CAD.

Bank Fees

Bank Account Fees:

• Maintenance fee payable monthly: US$5

• International wire transfer fee:

  • Inward payments: US$20

  • Outward payments: 0.1%, min US$35, max US$200

• Fee for the issue of a bank draft: US$10

• Cheque book: US$10

• Internet banking: free of charge

• Bank's fee for opening a current account: free of charge.

Credit Card Fees:

• Initial Setup Fee: US$150

• Annual Fee: Visa Classic - US$40, Visa Gold - US$60, Visa Business - US$75

• ATM withdrawals: 2% charge or a minimum of US$5 (whichever is greater)

• Over Limit Fee: $30 each time cardholder goes over the limit.

Feedback of Our Clients

Our company introduces its clients to the bank and constantly monitors clients experience with the bank's services.

The bank's new client acceptance rate is around 95%. About 5% of applications are declined due to inability clients to provide required personal documents and references.

Our clients, who use this bank are satisfied by bank's services.