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EMI for a Saint Kitts and Nevis IBC

SilverNeo

SilverNeo

New member
Oct 25, 2024
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#1
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Hi

I'm new here I just opened a Nevis IBC that will primarily deal with cyber security consulting and I'm looking for an EMI to use.

The annual revenue will be around 80-100k

I will not hold the money in the EMI I want to transfer them to interactive brokers so I can invest in stocks etc... so I don't need a bank the money will not be there for long anyway.

Any suggestions on what I can use?
 
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#3
Nevis does not seem like a reasonable choice for this scale.

You will be left to the high-risk EMIs in the UK. See Interpolitan and Monetley and look at the others from posts on the forum.

Maybe Sun Bank in Nevis will work. They are a tolerable bank but the fees are not great.

IMBL is an opportunity too but I have not worked with them so I have nothing particular to say. Just know that they have decent correspondent relationships.

Worst case scenario you can go for The Kingdom Bank but you will probably get only EUR SEPA (or pay a few extra thousand for USD and GBP access) but I do not think the pricing will be suitable for you.
 
#6
For banks there are banks in Panama and few others I was just thinking for the short term I can use
JohnnyDoe said:
Unfortunately it’s no longer year 1984
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True but as far as this goes it does the job a company in a Nevis trust is worse than a Cook Island trust but still good.

So if I get divorced or have any issues like this good luck also I have 3 citizenships I live in country A with citizenship B but I have property bank accounts and proof of address in country C with citizenship C and the company is opened with this citizenship and a address in that country so good luck finding that I even own it let alone getting it from me in a divorce.

So in the case of divorce, it is very hard to track down and get anything that is in a trust.

Not married yet but engaged but I learned a long time ago no need to trust anyone if you don't have to life is long and you never know what might happen 10-20 years down the road.

I don't care about taxes I already don't pay tax

So looking for an ok bank or even better an EMI as its simpler.
 
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#7
ilke said:
Nevis does not seem like a reasonable choice for this scale.
Click to expand...
Would you mind to elaborate more what do you mean?


ilke said:
You will be left to the high-risk EMIs in the UK. See Interpolitan and Monetley and look at the others from posts on the forum.
Click to expand...
Well, as I have learned, Currenxie is now (newly!) open to many so called high-risk jurisdictions, St. Kitts and Nevis included. They take some money for any incoming transaction but it seemed to me so reasonable that I even have not remembered it ;)
Definitely worth trying, IMO.

ilke said:
IMBL is an opportunity too but I have not worked with them so I have nothing particular to say. Just know that they have decent correspondent relationships.
Click to expand...
I can confirm.
 
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#8
SilverNeo said:
So if I get divorced or have any issues like this good luck also I have 3 citizenships I live in country A with citizenship B but I have property bank accounts and proof of address in country C with citizenship C and the company is opened with this citizenship and a address in that country so good luck finding that I even own it let alone getting it from me in a divorce.

So in the case of divorce, it is very hard to track down and get anything that is in a trust.
Click to expand...
Do not underestimate your future ex-wife's lawyers and detectives :) If you have an attractive amount of assets, they can do almost miracles – nowadays. And if you have almost no assets – nothing to care about, not even to create some complex structures ;)

SilverNeo said:
Not married yet but engaged but I learned a long time ago no need to trust anyone if you don't have to life is long and you never know what might happen 10-20 years down the road.
Click to expand...
Very true :)
 
#9
Forester said:
Do not underestimate your future ex-wife's lawyers and detectives :) If you have an attractive amount of assets, they can do almost miracles – nowadays. And if you have almost no assets – nothing to care about, not even to create some complex structures ;)


Very true :)
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You are right but my point is different they have to find it first then they have to get it after they find it.

In Nevis just for the court to hear your case you need to put down a 100k deposit not to mention the trust protections.

A lot better than a prenup as that is not worth the paper that is written on (seen many thrown out by a judge)
 
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#10
Forester said:
Well, as I have learned, Currenxie is now (newly!) open to many so called high-risk jurisdictions, St. Kitts and Nevis included. They take some money for any incoming transaction but it seemed to me so reasonable that I even have not remembered it ;)
Definitely worth trying, IMO.
Click to expand...

I was able to open it with no issue appreciate it I owe you one :)
 
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#12
SilverNeo said:
@Forester, if you can answer one more question, do you know if they accept crypto?

What I mean by accept crypto is if I go to an exchange like Binance sell my crypto and turn it into USD and then transfer the USD to currenxie will they complain.
Click to expand...
Yes.
Screenshot 2024-11-20 at 14.45.40.webp
 
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#14
SilverNeo said:
You are right but my point is different they have to find it first then they have to get it after they find it.

In Nevis just for the court to hear your case you need to put down a 100k deposit not to mention the trust protections.

A lot better than a prenup as that is not worth the paper that is written on (seen many thrown out by a judge)
Click to expand...
Yes, it’s the famous “bond” (not James Bond).

62. (1) Every creditor of a member or a limited liability company, before bringing any legal action to collect on a judgment against any member, limited liability company or property thereof, governed by section 60, shall first deposit with the Permanent Secretary in the Ministry of Finance, a bond in an amount to be….
https://www.dropbox.com/scl/fi/kqzs...ey=69lg7pwqrj5msfm391atav7jj&st=4qij7xyy&dl=0
 
#15
SilverNeo said:
Hi

I'm new here I just opened a Nevis IBC that will primarily deal with cyber security consulting and I'm looking for an EMI to use.

The annual revenue will be around 80-100k

I will not hold the money in the EMI I want to transfer them to interactive brokers so I can invest in stocks etc... so I don't need a bank the money will not be there for long anyway.

Any suggestions on what I can use?
Click to expand...
I must ask, have you found a reliable bank for your offshore company in Nevis or St. Kitts ? something that is easy to open or all did failed ?
 
#16
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#20
SilverNeo said:
Yes I have two more

https://rd.group/
https://verifo.com/

Those two are for my crypto
Click to expand...
Thanks for sharing.
May I ask, how old is your relationship with Verifo? (Background: Previously, they were very open. Yet recently, from what I have witnessed, their risk appetite decreased a lot; I would not expect them to onboard St.Kitts and Nevis company, currently...)
 
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