BVI Bank Account Package
$2,290

Our company specializes in bank introduction services and can assist you with opening corporate and personal bank accounts with CIBC FirstCaribbean International Bank in the British Virgin Islands (BVI).

CIBC FirstCaribbean is a well-established and reputable bank that offers a wide range of banking services to individuals and businesses.

What does the BVI Bank Account Package include?

Our BVI Bank Account Package facilitates the establishment of your banking presence in BVI. The package includes the following:

• We will incorporate a British Virgin Islands Business Company (BVI BC):
• Full Set of Corporate Documents: Certificate of Incorporation, Memorandum and Articles of Association, and a set of internal resolutions confirming the appoint of the Director(s), Officers and issuing shares
• Assistance with opening a corporate bank account with CIBC FirstCaribbean International Bank in BVI

Our experienced team will guide you through the process of incorporating a company and opening a bank account in BVI.

What personal documents are required for applying to the bank?

When applying for a bank account with CIBC FirstCaribbean International Bank in BVI, the following personal due diligence documents are required for all persons appointed in the company and authorized signatories:

• Notarized copy of a valid passport: pages containing the photo, signature, and personal details of the passport holder.
• Notarized copy of a driver's license, nationally issued ID, or citizenship card: This document should bear a photograph and signature of the individual.
• Notarized proof of residential address: Acceptable documents include utility bills, bank statements, or credit card statements. The document should not be older than 3 months.
• Two reference letters: One reference letter should be from a banker who has a relationship with the applicant for a minimum of 2 years. The second reference letter should be from an accountant or lawyer who also has a minimum 2 year relationship with the applicant. Both letters should be addressed to CIBC FirstCaribbean International Bank, confirming the full name, date of birth, residential address of the applicant, and should be dated within 30 days of the application.

These personal due diligence documents are part of the bank's due diligence requirements for opening an account.

Is a personal visit to the bank required?

A personal visit to the bank is not required for opening a bank account in BVI.

What are the initial deposit and minimum balance requirements?

The initial deposit and minimum balance requirement is US$25,000, this balance requirement must be maintained in your account at all times to avoid paying additional banking fees.

Does the bank offer online banking?

Yes, CIBC FirstCaribbean International Bank in the BVI offers online banking services. With online banking, you will have access to the following features:

Account details, balances, and transactions: You can view the details of your bank accounts, including the current balances and transaction history.

Transfers: You can initiate transfers between your own accounts within the bank, both locally and internationally.

Local and international transfers: You can transfer funds to other accounts within the same bank locally or make international transfers to accounts in other countries.

Online banking provides convenience and flexibility, allowing you to manage your accounts, monitor transactions, and initiate transfers at your convenience.

What type of debit and/or Credit Cards does the bank offer?

CIBC FirstCaribbean International Bank in BVI offers both Debit and Credit Cards to its customers, subject to certain restrictions.

What type of currency accounts does the bank offer?

CIBC FirstCaribbean International Bank in BVI offers account opening in multiple currencies. You can choose to open an account in any of the following currencies:

• USD (United States Dollar)
• GBP (British Pound)
• CAD (Canadian Dollar)
• EUR (Euro)

This provides flexibility for conducting transactions and managing funds in different currencies based on your specific needs and preferences.

How long does it take to open a bank account?

The process of opening a bank account with CIBC FirstCaribbean International Bank in BVI takes approximately 4 weeks or longer. This duration is dependent on the bank's verification and assessment of all the required documents provided by the applicant.