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Offshore Banking

About Offshore Banking

Geographic diversification is an underrated but important key in establishing a successful investment portfolio. Individuals are gaining financial freedom and flexibility, freedom of movement and are protecting their wealth through various offshore solutions including offshore banking.

Offshore banking is simply banking in a foreign jurisdiction which can include opening a personal, corporate or investment account. Regulated under international banking license, many reputable offshore jurisdictions offer sophisticated and stable banking regulations that provide substantial asset protection and confidentiality benefits to the bank account holder.

Expats utilize offshore accounts while they live abroad and businesses hold multiple accounts while conducting business internationally. While offshore banking is seen in a negative light and misconstrued by the media, banking offshore is perfectly legal and a powerful tool that offers greater advantages that onshore banking may.


Benefits

Sophisticated
Regulations

Asset
Protection

Tax
Optimization

Investment
Opportunities

Wealth
Diversification

Quality
Customer Service

Multiple
Currencies

Higher
Interest Rates

Client
Confidentiality

While offshore banking comes with an array of benefits, many factors must be weighed and taken into consideration when choosing the right jurisdiction as well as the right financial institution. Defining the objectives and goals of your banking needs will assist in determining the right structure to meet your needs. A few things to consider before opening an offshore bank account:

Jurisdictional
Quality

Institutional
Quality

Tax
Compliance

Costs &
Fees


Process

  • 1

    Choose your
    jurisdiction

  • 2

    Choose the
    financial institution

  • 3

    Fulfill
    due diligence

  • 4

    Account
    opening

  • 5

    Maintenance
    of Account

1. While many offshore jurisdictions offer similar advantages and benefits, there is no one-jurisdiction-fits all. Our advisors will discuss your needs and goals and ask you the right questions to help determine which banking jurisdictions are right for you.

2. Defining your banking needs will help establish which financial institution will meet your goals.

3. Each financial institution will have its setup process and set of due diligence processes. Requirements typically include fulfilling KYC (Know Your Client) by proving your identity, address, and source of funds.

4. Once the account has been approved, the bank´s minimum required deposit must be transferred into the account.

5. Monthly or yearly charges must be paid, according to the chosen bank. Accounts should be utilized regularly, such as depositing or withdrawing funds, to avoid the closure of the account. Reporting must be done following your local tax and international reporting regulations, and inter-jurisdiction tax treaties

Choose your jurisdiction [get_svg_icon icon="-"]

While many offshore jurisdictions offer similar advantages and benefits, there is no one-jurisdiction-fits all. Our advisors will discuss your needs and goals and ask you the right questions to help determine which banking jurisdictions are right for you.

Choose the financial institution [get_svg_icon icon="-"]

Defining your banking needs will help establish which financial institution will meet your goals.

Fulfill due diligence processes [get_svg_icon icon="-"]

Each financial institution will have its setup process and set of due diligence processes. Requirements typically include fulfilling KYC (Know Your Client) by proving your identity, address, and source of funds.

Account opening [get_svg_icon icon="-"]

Once the account has been approved, the bank´s minimum required deposit must be transferred into the account.

Maintenance of Account [get_svg_icon icon="-"]

Monthly or yearly charges must be paid, according to the chosen bank. Accounts should be utilized regularly, such as depositing or withdrawing funds, to avoid the closure of the account. Reporting must be done following your local tax and international reporting regulations, and inter-jurisdiction tax treaties


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Additional Fees

Siblings included within the same application are subject to a different investment fee:

  • Donation:
    • Sibling dependent over 18 years of age: USD 50,000
    • Sibling dependent under 18 years of age: USD 25,000
  • Real Estate:
    • USD 40,000 per sibling dependent

Additional fees:

  • Due diligence fee:
    • Main applicant: USD 7,500
    • Dependent over 16 years of age: USD 4,000
  • Application & Processing fee: USD 1,000 per application.
  • Passport fee: USD 300 per person
  • Passport expedite fee: USD 1,200 per person (optional)

If proceeding with the real estate investment option, applicants are required to pay:

  • Property application fee:
    • Main applicant: USD 25,000
    • Family up to 4 members: USD 35,000
    • Family up to 6 members: USD 50,000
    • Family up to 7 members: USD 70,000
    • Siblings age 18-25: USD 50,000
    • Siblings under 18 years of age: USD 25,000

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Siblings included within the same application are subject to a different investment fee:

  • Donation:
    • USD 20,000 per sibling dependent
  • Real Estate:
    • USD 40,000 per sibling dependent

Additional fees:

  • Due diligence fee:
    • Main applicant: USD 7,500
    • Dependents over 16 years of age: USD 4,000
  • Application fee: USD 250 per applicant
  • Passport fee: USD 350 per applicant

If proceeding with the real estate investment option, applicants are required to pay:

  • Property application fee:
    • Main applicant: USD 35,050
    • Spouse: USD 20,050
    • Each additional dependent: USD 10,050

*St Kitts & Nevis offers an accelerated process which incurs additional fees.

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Parents & siblings included within the same application are subject to a different investment fee:

  • Donation:
    • Parents: USD 50,000 per dependent
    • Sibling: USD 75,000 per dependent

Additional fees:

  • Due diligence fee:
    • Main applicant: USD 5,000
    • Dependent over 17 years of age: USD 5,000
  • Application & Processing fee:
    • Application fee:
      • USD 1500 per person
    • Processing fee:
      • Each applicant over 17: USD 1500
      • Each applicant under 17: USD 500
    • Each applicant over 18: USD 1,500
    • Each applicant under 18: USD 500
    • If proceeding with the real estate investment option, applicants are required to pay:

If proceeding with the real estate investment option, applicants are required to pay:

  • Property application fee:
    • Family up to 4 members: USD 50,000
    • Each additional dependent: USD 25,000
    • Parent dependent over 55 years of age: USD 50,000
    • Sibling dependent: USD 75,000

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Additional fees:

  • Passport fee: USD 75 per person
  • Due diligence fee:
    • Main applicant: USD 7,500
    • Dependent over 16 years of age: USD 5,000
  • Processing fee:
    • Main applicant: USD 2,000
    • Dependents: USD 1,000

If proceeding with the bond option:

  • Processing fee is not applicable
  • Admin fee of USD 30 000 per application

If proceeding with the real estate investment option:

  • Property application fee:
    • Main applicant: USD 35,000
    • Spouse: USD 10,000
    • Dependent over 18 years of age: USD 10,000
    • Dependent under 18 years of age: USD 5,000

If proceeding with the enterprise investment option:

  • Enterprise application fee:
    • Main applicant: USD 50,000
    • Dependent over 18 years of age: USD 35,000
    • Dependent under 18 years of age: USD 25,000

Please inquire directly for fees associated if you will be proceeding with the enterprise investment option.

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Additional fees:

  • Due diligence fee:
    • Main applicant: USD 7,500
    • Spouse: USD 7,500
    • Dependents over the age of 18: USD 4,000
    • Dependent ages 12-17: USD 2,000
  • Processing fee (donation, real estate and enterprise investment options):
    • Family up to 4 members: USD 30,000
    • Each additional dependent: USD 15,000
  • Passport fee: USD 300 per person

*The processing fee for the UWI fund is inclusive of the processing fee up to 6 family member. Each additional family member will be required to pay USD 15,000 each.

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Additional fees:

  • Application and processing fee:
    • Main applicant: USD $2,250
    • Spouse: USD $1,650
    • Dependent over 12: USD $1,650
    • Dependent under 12: USD $850

We offer full-service management with peace of mind that your investment is being properly managed. We partner with experienced forestry engineers to secure the best results. The maintenance schedule for a period of 8 years is included in the initial investment, after the initial 8 year period, investors will concede to a new maintenance agreement.

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Additional fees:

  • Due diligence: USD $5,000 per applicant
  • Passport fee: USD $250 per person

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Additional fees:

  • Application fee: Euro 5336.40 per person
  • Processing fee:
    • Main applicant: Euro 533.90
    • Dependent: Euro 83.30 per person
  • Renewal fee: Euro 2668.30 per person or 2668.2
  • Additional taxes for the real estate acquisition are applicable (view FAQ section for more detail)

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Additional fees:

  • Application fee:
    • Main applicant: Euro 2000
    • Dependent over 18: Euro 150
  • Residence cards: Euro 16 per person
  • Additional taxes for the real estate acquisition are applicable (view FAQ section for more detail)

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

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REQUIRED INFORMATION



ADDITIONAL INFORMATION

Are there any family dependents applying with you? If yes, please specify the total number of applicants.

Structure of a Trust

The settlor is the individual who creates the trust, they are also known as the trustor, grantor, or trust-maker. The settlor places their assets in the trust, transferring the legal ownership of the assets to the trustee who in turn manages the assets for the benefit of the beneficiaries.

The settlor appoints one or more trustees who are then accountable to manage the trust accordingly to the settlor´s wishes and objectives defined in the Trust Deed. The duties of the trustee include but are not limited to following the terms of the Trust of Deed, defending the trust against any judgments or lawsuits, managing and investing the trust´s assets, and acting in the best interest of the beneficiaries.

The protector of the trust is appointed to oversee the trust´s operations and to monitor, advise and ensure the trustee is acting accordingly to the Trust Deed. Protectors often have the power and flexibility, if detailed in the Trust Deed, to appoint and dismiss trustees and make decision on their behalf and in the best interest of the beneficiaries.

The Trust Deed will define the objectives of the trust and outline the roles and duties of the trustee and protector and as well the terms and conditions for the distribution of trust assets for the beneficiaries.

The beneficiaries are the individuals who are benefiting from the trust and are often subject to any terms set out by the settlor.

tructure of a Foundation

The founder creates the private foundation and provides the foundation charter which indicates the main provisions of the foundation. The founder can be a natural person or legal entity such as an IBC or LLC. The founder provides the assets to be transferred to the foundation.

The foundation is then managed by a board or council members, which typically consists of 3 or more members- depending on the jurisdictions. The board acts accordingly to the charter and fulfils any duties described in the foundation´s regulations. Council members do not have any fiduciary duty toward the beneficiaries of the foundation. Council members can be a natural person or legal entity such as an IBC or LLC.

The foundation charter is a public document containing the main provision governing the foundation, purpose and assets. It is served to create a legal entity in the public registry.

The regulations of the foundation is a privately issued document outlining the rules and by-laws of the foundation, and designates the council members, beneficiaries and will of the founder.

The council appoints a protector (or enforcer) of the foundation who controls the foundation along with all the assets held within it and overseas the affairs of the foundation.

The beneficiaries are the individuals who will benefit from the assets held in the foundation. Beneficiaries are not legally responsible or have ownership interest, until the assets are released accordingly to the foundation´s by-laws.

Additional Fees

Additional fees:

  • Health insurance: varies
  • Letter of conformity: USD $150-$250
  • Residency permit: USD $300 per person
  • Passport Fee: USD $150 per person

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Additional fees:

  • Due diligence fee:
    • Main applicant: EUR 15,000
    • Dependent over 12 years of age: EUR 10,000
  • Administration fee:
    • EUR 1,000 per person
  • Residency permit fee:
    • Main applicant: EUR 5,000
    • Each additional dependent: EUR 1,000
  • Residency permit card: EUR 27.50 per person

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Additional fees:

  • Filling fee: EUR 500 per application
  • Permanent ID fee: EUR 70 per person

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Additional fees:

  • Residency permit card: EUR 137.50 per person
  • Annual reporting declaration fee: EUR 1 000 per application

*Please note: Bank due diligence, transaction fee and courier fees are additional and can vary.

Additional Fees

Associated Fees:

  • Costs:
    • Notary: varies
    • Public Registry: 0.35 of the property value
    • Property Transfer tax: 5%
  • Legal fees:
    • Property valued between USD 300,000 – USD 500,000: USD 2500
    • Property valued above USD 500,000: 0.5% of the property value
Additional Fees

Associated Fees:

  • Bank account opening assistance: USD 600
Additional Fees

Associated Fees:

  • Main applicant:
    • National Treasury of Panama (application fee): USD 5,000
    • Panama National Immigration Service: (repatriation fee): USD 5,000
  • Permanent ID: USD 100
  • Notary and translation fee*: USD 145
  • Dependents:
    • National Treasury of Panama (application fee): USD 1,000
    • Panama National Immigration Service: (repatriation fee): USD 1,000
  • Permanent ID: USD 100
  • Notary and translation fee*: USD 145
Additional Fees

Additional Fees:

  • Registration Fee: USD 5 per person
  • Application Fee: USD 250 per person
  • Repatriation Fee: USD 800 per person over 12
  • ID Fee (temporal, provisional and permanent): USD 300 per person
  • Notary and translation fee*:
    • Applicants 12 and over: USD 145
    • Applicants under 12: USD 45

*Fee is based on translation of English documents and max number of 5 pages per applicant.

Additional Fees

Associated Fees:

  • IBC with nominees: USD 1700
  • Business license: USD 200
  • Annual corporation fee paid upfront for 3 years: USD 3000 (USD 1000 per year)
  • Work permit with contract: UDS 1300
  • Total: USD 6200 inclusive of government costs and legal fees
Additional Fees

Associated Fees:

  • Costs:
    • Notary: varies
    • Public Registry: 0.35 of the property value
    • Property Transfer tax: 5%
  • Legal fees:
    • Property values less than USD 300K: USD 1500
    • Property valued between USD 300K – USD 500K: USD 2500
    • Property valued above USD 500K: 0.5% of the property value
Additional Fees

Associated Fees:

  • Bank account opening assistance: USD 600
Full List:
  • Andorra
  • Argentina
  • Australia
  • Austria
  • Belgium
  • Brazil
  • Canada
  • Chile
  • Costa Rica
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Great Britain
  • Greece
  • Hong Kong
  • Hungary
  • Ireland
  • Israel
  • Japan
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxemburg
  • Malta
  • Monaco
  • Montenegro
  • Netherlands
  • New Zealand
  • Norway
  • Poland
  • Portugal
  • San Marino
  • Serbia
  • Singapore
  • Slovakia
  • South Africa
  • South Korea
  • Spain
  • Sweden
  • Switzerland
  • United States of America
  • Uruguay
  • Peru
  • Mexico
  • Paraguay
Additional Fees

If you are located in the US:

  • I-129 filing fee: USD 460 per applicant.

Additional fees may be imposed if applicants are changing their nonimmigrant status.

If you are not located in the US and applying from abroad:

  • DS-160 visa application: USD 205 per applicant.
  • I-129 filing fee: USD 460 per applicant.
  • Biometrics: USD 85 per applicant

Business setup fees will vary state by state.

Applicants can opt to expedite the process to 15 calendar days and pay the expedite fee of USD 1440 per person.

E2 Member Countries
  • Albania
  • Argentina
  • Armenia
  • Australia
  • Austria
  • Azerbaijan
  • Bahrain
  • Bangladesh
  • Belgium
  • Bolivia
  • Bosnia and Herzegovina
  • Bulgaria
  • Cameroon
  • Canada
  • Chile
  • China (Taiwan)
  • Colombia
  • Congo (Brazzaville)
  • Congo (Kinshasa)
  • Costa Rica
  • Croatia
  • Czech Republic
  • Denmark
  • Ecuador
  • Egypt
  • Estonia
  • Ethiopia
  • Finland
  • France
  • Georgia
  • Germany
  • Grenada
  • Honduras
  • Ireland
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jordan
  • Kazakhstan
  • Korea (South)
  • Kosovo
  • Kyrgyzstan
  • Latvia
  • Liberia
  • Lithuania
  • Luxembourg
  • Macedonia
  • Mexico
  • Moldova
  • Mongolia
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Paraguay
  • Philippines
  • Poland
  • Romania
  • Senegal
  • Serbia
  • Singapore
  • Slovak Republic
  • Slovenia
  • Spain
  • Sri Lanka
  • Suriname
  • Sweden
  • Switzerland
  • Thailand
  • Togo
  • Trinidad & Tobago
  • Tunisia
  • Turkey
  • Ukraine
  • United Kingdom
  • Yugoslavia
Check your Eligibility

Congratulations, you may be eligible to procced with the St Kitts & Nevis citizenship application, provided you meet all requirements.

Unfortunately, you are not eligible to proceed St Kitts & Nevis citizenship application.

Please contact us directly for more information.

Caribbean Citizenship by Investment Programs Comparison

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Multicurrency account

Our multi-currency platform allows you to transact in 10 different currencies: USD, GBP, EUR, CAD, JPY, AUD, NZD, SEK, CHF, NOK

Multicurrency account

Our multi-currency platform allows you to transact in 14 different currencies: USD, GBP, EUR, CAD, JPY, AUD, HKD, NZD, SEK, CHF, THB, NOK, ZAR, AED.