Account in Antigua (W.I.) in the Caribbean
We can introduce you to an offshore bank in Antigua which is a well established private banking institution. The Antigua offshore bank offers to you internet banking with a multi-currency account and a debit card provides their clients access 365 days a year.
To establish your company account, the following documents are required:
Verification of a permanent address (a recent electricity bill or other utility bill)
The bank application form completed and signed.
A certified copy of the Certificate of Incorporation (bank will provide this).
A certified copy of the Memorandum and Articles of Association (bank will provide this)
Identification; a picture ID such as a (certified) copy of the passport or drivers license.
A bank reference for all signatories.
A board resolution which appoints the authorized signatories (bank prepare it).
The identification document of preference by the bank is the passport. This copy must be notarized. They will send your incorporation documents to you, i.e. Certificate of Incorporation, Memorandum and Articles of Association and a Board Resolution appointing the authorized signatories (this you must sign). They will also include the bank application forms. When these have been completed, you are required to send the necessary documents to the bank. Your Antigua bank account should be activated within two working days after the bank have received all their requirements. Minimum initial deposit for this bank is 1.000 USD or equivalent in another currency. You pay the deposit directly to the bank, NOT to them.
Their service fee is US $ 350 or GBP 205 or Euro 310 (Your account will be additionally debited by the bank with 200 USD at the time of the first transaction for the remote access tools which will be courier delivered to you for easy and secure internet access.)
They do not offer personal accounts, the bank only offer offshore company accounts. They offer company accounts only for companies which were incorporated through their service.
They offer a big variety of offshore jurisdictions in which to incorporate.
Website: Offshore Companies House
In an effort to establish itself as a modern offshore financial center, Antigua enacted in 1982, the International Business Corporations Act. It is recognized generally as the most modern and attractive piece of legislation of its kind in the Caribbean and is tailor-made to meet the needs of international businesses.
The advantages offered by the Antiguan Act are hereinafter set out:
An IBC is granted a guaranteed fifty year tax exemption, an exemption which applies to most forms of IBC income, dividends, interest and royalties paid by an IBC to foreigners.
An IBC is exempt from exchange controls and the unrestricted operation of bank accounts is permitted.
An IBC benefits from the absence of capital gains and estate taxes in Antigua.
An IBC is not subject to mandatory auditing or minimum capital requirements.
An IBC is not subject to Tax Treaties or Exchange of Information Agreements with any country other than the United Kingdom.
An IBC may issue bearer shares and its stock may be issued with or without par value.
An IBC may increase or reduce its authorized capital by way of an amendment to its Articles of Incorporation.
An IBC may have a sole shareholder.
An IBC may have a sole director and directors need not be natural persons.
The officers and directors of an IBC need not be shareholders.
There are no citizenship or residence requirements for directors, officers or shareholders.
Meetings of directors and shareholders may be held outside Antigua (Annual meeting of the directors and shareholders must be however convened in Antigua).
Ordinary shareholder resolutions are carried by single majority of votes cast whereas certain extraordinary resolutions require approval of a two-thirds majority.
Shareholders may vote by proxy.
There are no requirement to file any corporate reports with the Government regarding any offshore activities.
The records of the corporation shall be maintained at the registered office.
An IBC is formed by two incorporators who are citizens and residents of Antigua, at least one of whom must be an attorney.
An IBC is not subject to currency restrictions of any type.
An IBC is a limited liability company.
An IBC can be used for numerous purposes such as: (a) general commercial trading (b) financial management (c) holding investment securities offshore (d) ship ownership or real estate ownership (e) share ownership in other companies (f) leasing of assets
There are generally limited filing requirements with respect to an IBC.
There are inward and outward domiciliary provisions.
Website: Antiguan international business corporations
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