WHAT VP BANK (BVI) OFFERS: VP Bank (BVI) Ltd offers a wide range of banking services, including accounts in all major currencies (and a few specialty currencies such as the Offshore Chinese Yuan Renminbi), international wire transfers, securities, foreign exchange and precious metals trading for both institutional and private clients.

• • Accounts in various currencies
  • Wealth planning
  • E – Banking
  • Asset management
  • Financing
  • Family office services
  • Fund solutions
  • The bank do not offer retail bank facilities such as credit/debit cards or checking accounts.
  • The bank cannot handle large volumes of payment transactions

The approximate timeframe for account allocation from 7 to 10 business days receipt of the original documents by the bank.

REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH VP BANK (BVI):

• Personal presence is not required.
• A minimum initial deposit and ongoing balance of at least USD 100,000 or equivalent in any of the major currencies or assets.
• Account opening timeframe. The account will be activated within 7 - 10 business days, upon receipt by the bank of all duly completed forms and relevant information.

DOCUMENT REQUIREMENTS FOR PERSONAL ACCOUNT SET UP:

• Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
• Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
• Original or notarized copy of Lawyer's/Banker's/Accountant's reference letter dated within 3 months.
• Personal CV

PLEASE NOTE: Documents that are not in English must be accompanied by a certified translation. The bank do not offer services to any US resident clients or to any structures that encompass US resident entities.

REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH VP BANK (BVI):

• Personal presence is not required.
• A minimum initial deposit and ongoing balance of at least USD 100,000 or equivalent in any of the major currencies or assets.
• Account opening timeframe. The account will be activated within 7 - 10 business days, upon receipt by the bank of all duly completed forms and relevant information.

DOCUMENTS REQUIRED For the Company: A set of legalized company documents consisting of:

• Certificate of Incorporation
• Memorandum and Articles of Associations
• Documents confirming the appointment of company directors and secretary (if any)
• document confirming the location of the registered office
• Share Certificate(s)
• Certificate of Good Standing if the company is more than 12 months old
• Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
• Valid License (if applicable)

For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:

• Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
• Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
• Original or notarized copy of Lawyer's/Banker's/Accountant's reference letter, dated within 3 months
• Power of Attorney (where applicable)
• Personal CV

For each corporate officer (Where the company directors or shareholders are legal entities), please provide: A set of legalized company documents consisting of:

• Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
• Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
• Copy of the Corporate Structure.
• Certificate of Good Standing.

PLEASE NOTE: Documents that are not in English must be accompanied by a certified translation. The bank do not offer services to any US resident clients or to any structures that encompass US resident entities.

First you have to know the banks website: http://www.vpbank.vg/ How to open the account: To open an account you have to contact the bank via this link: http://www.vpbank.vg/en_VG/653/Contact-form.htmThe bank will tell you the exact opening procedure. After you returned the application forms with all necessary documents back to the bank, your account is set up after further 5-7 working days and you will get the access data by post delivered. Your new Offshore bank account is from then on fully usable. Important notes: If the account opening documents provided are incomplete, unverified or are not clear they may have to request further information, documents or clarification from you before they can open your account. As part of the process you will need to send personal information. It’s very important that you use real information. Don’t try to use questionable data. If you have some problem or a specific question the best is to contact them directly and let them know so they can help you.