Bank of Asia (BVI) Limited is a fully digital global cross-border bank headquartered in Tortola, British Virgin Islands. Bank of Asia was awarded the first banking license in more than two decades by the British Virgin Islands Financial Services Commission (“BVI FSC”) in March 2017. The bank provides core banking services to international companies as well as trusts and high net worth individuals and families from around the world. Whilst it is domiciled in the BVI, its customers are able to access its digital platform from anywhere in the world easily, with a smart device or computer. Similarly, transactions can be executed online 24/7.
As a digital bank, Bank of Asia does not have legacy systems and branches. Instead, it has chosen to build its platform from the latest and best technology provided by companies such as Oracle, Avaloq and Saxo, which reduces transaction time and expense, all of which translates to savings which can be passed on to customers.
Overview of the basic services:
- currently opening bank accounts in USD only (other currencies to follow)
- Internet banking
- Bank currently does not issue cards, but this service will follow
- Pre-compliance procedures for new customers
- Opening personal accounts
Required documentation for a bank account opening with Bank of Asia (BVI):
- Copies of corporate documents with an apostille, full set of documents showing link to controlling person, Power of Attorney (if any) with an apostille, Certificate of Incumbency (issued within 6 months) with an apostille, Certificate of Good Standing (for incorporated over 1 year) or Bank Reference Letter of the principal shareholders/beneficial owners (incorporated for less than 1 year) and issued within 6 months);
- Certified copy of a passport with photo and signature specimen (for all controlling persons, signatories, directors, nominees, officers and trustees of the company);
- Certified copy of a recent utility bill (or original), or certified bank statement (with address), or certified government-issued ID (with address);
- Bank reference for all beneficial owners, signatories, directors, nominees, officers and trustees of the company showing date of account opening (should be more than 1 year);
- Proof of wealth / income (e.g. latest tax return / Consolidated bank statement of last 3 months/ latest employment contract etc.) of the shareholders / beneficial owners if the corporation is non-operating holding company;
- Proof of physical address of principal place of business issued within 3 months if corporation is an operating company;
- Company business plan (with the account owner’s signature) / business forecast / website (if any)
- Filled questionnaire for pre-compliance;
- CV
Remote account opening:
- Available
Deposit/account opening terms:
- 1.450 USD
Required time to open an account:
- 3-4 weeks
Website:
Fees & rates:
Our assistance services:
Companies under our administration
- 1.000 USD
Other companies
- + 20%
See full list of Banks accounts
