Open Bank Account In Cayman Islands

Tax compliance referral and irs form w8 ben if applicable notarized copy of your passport notarized copy of a utility bill reflecting your name and home address no p o.

Open bank account in cayman islands.

Since you are not necessarily meeting them face to face they will need know your client documents shown below. They need your identification and an application. Cayman islands bank account. The cayman islands are most well known for their services to companies and the process of opening a business account at a bank begins before ever contacting the bank.

This document must include how long you have banked with your home bank the average balance maintained and the manner in which your account has been conducted. A cayman company doesn t necessarily open its bank account in cayman instead it can open a bank account in any places namely other offshore jurisdictions or major financial centres. In order to open a bank account banks will request some or all of the following information. A caribbean paradise with a wealthy and tanned population with an attractive combination of quality of life proximity to the united states flexible business laws and gorgeous turquoise waters no wonder it has attracted expats by the dozens of thousands a lot considering its largest city is about 27 thousand people.

Documents required from each signor to open an offshore bank account in cayman islands. Bank accounts can be opened by e mail in most cases. Many of the banks have a slew of fees such as setup fees transaction fees and account maintenance fees but there is a great deal of choice so you are free to shop around. The company directors can be involved in the process however one of our agents who specialize in cayman islands incorporation can handle this step as part of opening a company.

Banking options for cayman islands company. Non residents who wish to open a bank account for personal purposes apart from the one used for their registered business in the islands can talk about this matter. Boxes and not older than two months. Cayman private banks are more about investment and portfolio management than normal banking.

Opening a bank account in the cayman island does not differ much from opening an account at your local bank. Finding a bank in the cayman islands is not difficult thanks to google and you may write to your local british embassy if you want a full list of the banks on the islands. Any bank or trust company wanting to set up an offshore banking account in the caymans first needs to incorporate either within the jurisdiction or abroad.