The Bahamas is called the ideal place for investment and business activities associated with the South and North America. The Bahamas is a prominent global financial center, a well-established jurisdiction with a 280-year history of parliamentary democracy. The Bahamas’ financial services sector is ready to offer you its over 80-year experience and a wide range of financial products and services.
The Bahamas is considered a particularly suitable place to own intangible assets and a perfect location for business activities related to international trade. There are several reasons for this reputation:
- the neutral tax environment – no tax on income, inheritance, capital gains and no restrictions on the repatriation of funds;
- the highest rating in the field of civil liberties and political rights, as estimated by the World Bank;
- approximately one-third of the world’s TOP 100 banks are located in the Bahamas and enjoy easy access to international financing and global capital markets.
Offshore Pro Group offers you the opportunity to remotely and quickly open a personal account with a private family-owned bank in the Bahamas.
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Check the list of required documents, and get the details of the process, terms, and costs.
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Banque Havilland (Bahamas) Ltd.
The Banque Havilland S.A. bank is an independent and privately-owned bank established in Luxembourg in 2009. It is headquartered in Luxembourg and has offices throughout the world – in London, Monaco, Liechtenstein, Dubai, Geneva and Zurich, and the Bahamas.
In 2014, the bank acquired a majority stake in its Liechtenstein subsidiary. This acquisition significantly strengthened the bank’s international banking presence to particular satisfaction of its ultra-high net worth clients (URWC) customers, especially from regions with high growth potential.
The Banque Havilland Bahamas offers exclusive and bespoke services 24/7:
- private banking,
- asset and wealth management,
- investment services,
- institutional services for ultra-wealthy families and individuals from around the world.
The customer-oriented personal approach of the bank includes services of dedicated asset managers for every customer, which is particularly handy in the following areas:
- Accounts and cards (current and term deposit accounts in several currencies, credit cards, cash services)
- Foreign exchange services
- Custodial and dealership services
- Standard and individual credit solutions
- Asset management, including discretionary, advisory and individual services
- Advisory services on condition planning
- Services of experts.
Opening a private account in the Bahamas
A wide range of multicurrency accounts is available to the bank’s clients, including term and demand deposits.
Note: the minimum deposit required to open a personal account is USD 200,000. By the end of the first year of cooperation, it is expected that the amount on the client’s account will be at least USD 1 million.
Credit Cards
The Banque Havilland Bahamas offers a wide range of credit cards, including:
- VISA
- MasterCard
- American Express (including Green, Gold, Platinum cards)
- exclusive Centurion cards – for certain customer categories
Currency exchange
The Banque Havilland Bahamas offers transactional services as well as hedging. Besides, a rebalancing of currency risks is available across the entire range of client assets.
Family wealth management / structuring services
The structure you create around the ownership, management, and distribution of your assets can have long-term consequences for both you and your family. This is why the Banque Havilland Bahamas renders advice and support on a comprehensive range of structuring solutions. This will enable you to protect your assets and provide your family with a safe and secure legacy.
The Banque Havilland Bahamas has the expertise, experience and other strengths to set up complex international structures such as trusts, funds, and equity structures in different jurisdictions. Besides, the bank works closely with other professionals to provide specialized tailored solutions for wealth management and preservation, empowering you to protect your assets and provide security and an enduring family legacy.
Co-investment opportunities
In addition to the traditional private banking services, the Banque Havilland Bahamas also offers its clients an exclusive opportunity to jointly invest with the bank’s Family. Today’s economic climate offers special investment opportunities that are not available to the general public. These opportunities may vary widely, for example:
- equity investments, such as start-up packages,
- support before the initial public offering (IPO),
- bonds and loans with preemptive claim an attractive price provided to sustainable, proven corporations, and others.
The proposed investments will be initially screened out by the Family. These will be the investments in which the Family itself participates with its assets. It will cover almost all business sectors, from real estate to commodity markets, anywhere in the world, as well as all types of financial instruments – from capital investments to listed securities.
Advisory Portfolio Services
Advisory Portfolio Services are designed specifically for clients who want to maintain a significant level of personal involvement in the decision-making process. The final decision on the investment remains with the client. In this case, the client receives timely recommendations based on continuous monitoring.
| Assets | Annual rates |
| USD 750 000 — USD 2 500 000 | 0.75% |
| USD 2 500 000 — USD 5 000 000 | 0.50% |
| USD 5 000 000 — USD 10 000 000 | 0.40% |
| USD 10 000 000 + | as agreed separately |
Banque Havilland’s Advisory Portfolio Service will allow you to be a part of the investment team, giving you access to the highest conviction trading ideas generated by Banque Havilland’s Investment Management Committee.
Discretionary asset management
Banque Havilland Bahamas works closely with the client to define a carefully defined investment strategy and create a portfolio that will meet all the individual goals, risk tolerance, financial requirements, and objectives of the client. The bank’s experienced team monitors portfolio dynamics daily and is in constant contact with the client to report all-important news. This type of service is divided into two types: Portfolio of managed funds and Execution.
Portfolio of managed funds
The portfolio of managed funds invests exclusively in a wide range of funds. The asset allocation strategy depends on the investment and risk profile of the client. Client assets are managed on a discretionary basis, following a mutually agreed mandate and profile.
| Assets | Annual rates |
| USD 250 000 — USD 500 000 | 1.50% |
| USD 500 000 — USD 1 000 000 | 1.25% |
| USD 1 000 000 — USD 2 500 000 | 1.00% |
| USD 2 500 000 — USD 5 000 000 | 0.75% |
| USD 5 000 000 — USD 10 000 000 | 0.50% |
| USD 10 000 000 + | As agreed separately |
Execution
This type of service provides clients with an investment portfolio formed strictly individually following the agreed mandate and profile. A wide variety of instruments is used, for example, shares and bonds, futures, over the counter options, and structured products.
| Assets | Annual rates |
| USD 1 000 000 — USD 2 500 000 | 1.25% |
| USD 2 500 000 — USD 5 000 000 | 1.00% |
| USD 5 000 000 — USD 10 000 000 | 0.75% |
| USD 10 000 000 + | As agreed separately |
Administrative fees
Administrative fees include standard professional services in investment portfolio administration, including account opening, account statements, outgoing fax, registered mail, and accounting. All investment decisions are made by the client.
Annual commission | Minimal annual commission | Maximum annual commission | |
| With management | 0.125% | $660 | $1 650 |
| Without management | 0.250% | $660 | $3 300 |
Custody services rates
Tariffs for custody services include third-party fees. These fees are calculated on a cumulative basis, based on the maximum amount of transactions.
| Assets | Annual rates |
| Up to USD 2 500 000 | 0.50% |
| USD 2 500 000 — USD 5 000 000 | 0.40% |
| USD 5 000 000 + | 0.35% |
| Minimum charges | USD 150 |
Transaction fees
Banque Havilland Bahamas provides trading operations in most markets and for all asset classes. Operations are managed most efficiently and reliably and include all elements of the end-to-end trading process: the order routing from start to finish, the settlement of all types of securities and derivatives, cash transfers and cash-related transactions, income processing, corporate actions bookings and regulatory reporting for specific topics.
For clients with professional status, the Bank also offers direct access to specialists in the dealing room. Clients can discuss current market activities, get information on stocks and markets, and be advised on complex orders.
Securities
Bonds and similar securities
| Transaction value | Transaction fee |
| Up t0 USD 50 000 | 1.00% |
| USD 50 000 — USD 100 000 | 0.60% |
| USD 100 000 — USD 150 000 | 0.50% |
| USD 150 000+ | 0.30% |
| Minimum fee | USD 150 |
Shares, listed funds, and other similar securities
| Transaction value | Transaction fee |
| До USD 25 000 | 1.90% |
| USD 25 000 — USD 50 000 | 1.80% |
| USD 50 000 — USD 100 000 | 1.60% |
| USD 100 000 — USD 150 000 | 1.30% |
| USD 150 000 — USD 200 000 | 1.00% |
| USD 200 000 — USD 250 000 | 0.80% |
| USD 250 000 + | 0.60% |
| Минимальная плата | USD 150 |
Other services
| Electronic payments to other “SHARE” banks | USD 40 per transaction |
| Cash withdrawal and money transfers | 2%, minimum— USD 200 |
| Cheque issuance and incoming cheques | USD 50 |
| Transfer from securities | USD 200 |
| Account Closing | USD 150 |
| Special tasks | USD 200+НДС / hour; Tax Report USD 55+VAT |
| Bank confirmation | USD 150 |
| Courier services | USD 200 |
Procedure for remote opening of a private account in the Bahamas
Note: the minimum deposit required to open a personal account with Banque Havilland Bahamas is USD 200,000. By the end of the first year of cooperation, it is expected that the amount in the client’s account will be at least USD 1 million.
Once you have decided to open a personal account with the Banque Havilland Bahamas, please contact us for professional advice and paid services via email: in**@***********rt.com.
Payment for our professional assistance in opening a personal account with the Banque Havilland Bahamas can be done by card, through Pay Pal, Western Union, WebMoney, or a bank transfer.
The fee for the service will be 2999 EUR.
Having received your fee, we will proceed to the compiling of your portfolio of documents necessary to open an account.
For the beneficial owner of the account, directors, secretaries of the company, as well as signatures and authorized persons:
Filled in, printed and signed copies of the application for the bank account opening;
Notarized copy of ID/passport (pages with photo and signature).
Proof of residence address (a notarized copy of the utility bill or the original copy of the utility bill or bank account statement to prove the address of residence).
Note: This document must be not older than 3 months by the time the registration package is submitted in English (and notarized).
Recommendation letter (may be issued by a bank or law firm).
Proof of legal origin of funds: tax return, certificate of income from the employer, etc.
The process of opening an account usually takes up to 3 working days after all necessary documents have been provided. This period may vary depending on additional compliance requirements.
To learn more about the possibility of opening a personal account with the Banque Havilland Bahamas, and for our services in opening your account with this bank, please contact us: in**@***********rt.com.
15 June 2020 