2020 non-CRS Offshore Bank Account: Euro Pacific Bank

Reliable offshore bank to open personal, corporate, and precious metals accounts.

Euro-Pacific-Bank

About Euro Pacific Bank

Euro Pacific Bank is a licensed offshore bank in a non-CRS area. The Bank got its license from International Financial Entities in Puerto Rico as an international bank. The bank is operating all over the Caribbean and offers various services such as international banking, investing, mutual fund, and brokerage. They are licensed in BVI and St. Vincent and the Grenadines for their brokerage and investment activities. Euro Pacific Bank is the only bank that is Approved Dealer for the Australian Perth Mint. Unlike other traditional banks the Euro pacific bank does not offer services like a credit card, trade finance, and loan instead its focus is on offering investment services, transactional banking. They consider themself as full-reserve banking which offers secure and safe banking with 100% Liquidity, 100% Deposit Ratio, and Zero Loans. It means they keep 100% of your money in deposit and they do not use it for other financial activities. They only make income with transaction fees and trading commissions.

Type of Accounts

Personal Bank Account

You can open a personal bank account in Euro pacific bank. This gives you the freedom to diversify your fund in a safe place out of your home country. The bank offers secure online banking, multiple currencies with reasonable exchange rates for personal accounts.

Corporate Bank Account

Euro Pacific Bank offers a multi-currency and multi-user corporate bank account that is suitable for offshore companies, startups, and all businesses. You can access your online banking with different


 
Price per Year:1099.00 EUR

Courier fee: 70EUR


Time Deposit

Previously, the bank was offering time deposit services to its clients, but they are not currently able to provide such services.

No Personal Appearances

No personal visit required. We will handle all processes remotely. As an official agent, we will verify and validate your documents before sending them to the bank.

Multi-Currency Accounts

They offer more than 10 different currencies to a single personal or corporate account and you can choose several of them if you like.

Currently, they offer the following currencies:

  • United State Dollar (USD),
  • Euro (EUR),
  • British Pound (GBP),
  • Australian Dollar (AUD),
  • Canadian Dollar (CAD),
  • Swiss Franc (CHF),
  • Hong Kong Dollar (HKD),
  • Japanese Yen (JPY),
  • Norwegian Krone (NOK),
  • New Zealand Dollar(NZD),
  • Poland złoty (PLN),
  • Swedish Krona (SEK),
  • Singapore Dollar(SGD)

We suggest you select the best currency for your account considering the world's economic situation.

Internet Banking

You are able to perform your transaction at any time and from any place you are as long as you have access to the internet. You and your partner can have different access with different permission. This multi-user account allows you to have different dedicated user access. For example, you can create view-only user access for your accountant to check the incoming and outgoing transactions and do the accounting.

Cards

Euro Pacific bank provides a contactless prepaid card that is accepted in 210 countries worldwide. You can use it to withdraw cash at any ATM or pay at the counter (point-of-sale) when you go out for shopping. It is a secure card for online shopping and their online banking provides the ability to monitor and track the transactions. This is a prepaid card and needs to be loaded before using it. At this moment Euro Pacific Bank is only able to offer the card to European residents.

Initial Deposit

Normally, an initial deposit of 500 EUR is required when opening a new personal or corporate bank account.

The bank made it easy for you to pay the initial deposit and maintenance fee by your current credit/debit card. So once your account has been approved, you can login and pay your initial deposit.

Time for Opening an Account

As an official agent of the bank we are able to proceed to your bank account very fast. In general, a personal account takes around 7 to 14 working days after we submit all relevant documents and information to the bank.

To ensure the quickest possible process, kindly prepare all your documents and ensure that they are complete with the needed information.

Corporate accounts may take slightly longer to open than personal accounts.

Required Documents

Basic English is the primary requirement for account opening.

For Personal Accounts:
  1. Certified copy of passport (We can certify for you).
  2. Certified proof of address.
    a.   Must be in English. Please ask a professional licensed translation company or notary public to translate and certify the documents. please contact us if you have any difficulty translating your documents.
    b:   It must be within the last 3 months. documents older than 3 months will be rejected by the bank.
    c:   Utility bill, bank statement, bank reference letter, bank balance certificate, government-issued card are accepted. Please note that the mobile phone bill, credit card statements are not accepted by the bank.
  3. CV (Resume)
  4. A bank reference letter/bank account statement (within 6 months).
For Corporate Accounts:
  1. Certified copy of passport for all members of the company including the nominee.
  2. Certified proof of address for all members of the company including the nominee.
    a.   Must be in English. Please ask a professional licensed translation company or notary public to translate and certify the documents. please contact us if you have any difficulty translating your documents.
    b.  It must be within the last 3 months. documents older than 3 months will be rejected by the bank.
    c.   Utility bill, bank statement, bank reference letter, bank balance certificate, government-issued card are accepted. Please note that the mobile phone bill, credit card statements are not accepted by the bank.
  3. CV (Resume)
  4. A bank reference letter/bank account statement for the beneficial owner (within 6 months).
  5. Corporate documents. (Please note that we will assist you to prepare the following documents if you incorporate your company through Oobac)
    a.  Notarized/Certified copy of Certificate of Incorporation (COI)
    b.  Notarized/Certified copy of Memorandum and Articles of Association (MAA)/Incorporation OR Notarized Articles of Incorporation and Bylaws
    c.  Notarized/Certified copies of the Share and Director Registry OR Certificate of Incumbency
    d.  If the shareholder/member is a nominee: Notarized/Certified Declaration of Trust OR Notarized/Certified Nominee Shareholder Agreement
    e.  A bank reference letter/bank account statement (within 6 months) for companies with existing banking history.
    f.  If your company is more than one year old a Certificate of Good Standing /Certificate Incumbency (issued by registered agent) required.

Fee and charges

The bank tariff is available at their website on page Fees and Charges.

General FAQ:

What if I do not have the documents for the registry of directors and members?

The first solution could be a Certificate of Incumbency. This can be issued by a registered agent who incorporated your company. The document should state who are the directors, shareholders, or secretaries of the company and whether the company is in good standing.

Do we have to submit certificates of good standing to the Euro Pacific bank every year?

The compliance team will contact you every year to update your company status. One of the documents they normally ask is a Certificate of good standing or a certificate of incumbency; however, you do not need to submit them if your company information can be obtained from online government business registries.

Does Euro Pacific is a non-CRS bank?

Since they moved to Puerto Rico, the bank has no obligation to report under the CRS rules. The United States and Puerto Rico are non-participating in the Automatic Exchange of Information (AEOI) practice. This means your account information remains safe in this bank.

Need more information about company formation and bank account

Contact us to get free information

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Arch. Makariou III & Evagorou, 1-7, MITSI 3, 1st floor, Flat/Office 102 1065, Nikosia, Cyprus.

Email: contact@oobac.com

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