COREDO > Opening bank accounts > ANTIGUA AND BARBUDA

ANTIGUA AND BARBUDA

Despite being quite modest in size, the island state of Antigua and Barbuda enjoys a high level of political stability, vibrant economy and sophisticated infrastructure. Its banking system is recognized as the second largest of all financial institutions in the Caribbean Commonwealth. It is part of the Eastern Caribbean Central Bank (ECCB), which regulates the financial sector, sets the direction for the banking sector and guarantees deposit repayment. In terms of deposit safety Antigua and Barbuda is one of the top 30 most financially secure countries in the world.

Both domestic and international banking institutions operate in Antigua and Barbuda and are pursuing an active policy aimed at attracting customers. Due to the conclusion of a series of international agreements, the banks of this state have the impressive network of partners and numerous correspondent banks that allow to provide services to the residents of other countries as well as perform operations with any world currencies.

The oldest and most popular bank in Antigua and Barbuda is Global Bank of Commerce that specializes in rendering international financial services. It provides its clients with a wide range of services for keeping corporate and personal accounts, deposit services, international bank transfers and asset management. Other popular banks include Antigua Overseas Bank, BOI Bank Corporation, Davos International Bank, Meinl bank (Antigua), North International Bank as well as Trium Bank and Trust.

ADVANTAGES OF OPENING A BANK ACCOUNT IN ANTIGUA AND BARBUDA

The indisputable advantages of banks in Antigua and Barbuda are:

strict control of the banking sector by the supervisory authorities;
strong system of corporate account management;
absolute transparency of banking policy;
availability of a protection program for depositors from all countries;
ability to open multi-currency accounts;
comprehensive internet banking capabilities.

ACCOUNT OPENING PROCEDURE IN ANDORRA

Our company provides assistance in opening bank accounts in Antigua and Barbuda, starting with advice and assistance in selecting a particular bank and preparing a package of documents, to receiving the confirmation of the account opening and handing the documents over to the applicant.

The standard set of documents includes director, company owners and other attorneys-in-fact ID cards as well as the original statutes (apostilled).

The verification process by a bank institution and direct opening of an account usually takes 14 days or more. It depends on the requirements of the chosen bank.

Please contact us if you ever need to open an account in Antigua and Barbuda. Our specialists have extensive experience in working with local banks and are ready to help in choosing the proper bank for your business as well as assist in preparing the necessary documents.

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