How to open a bank account in Boslil Bank Limited

Beginning of cooperation	Last contact	Last update
March, 2019	December, 2021	March, 2021

GSL reference about the bank *

Primary requirements:
- the bank opens current accounts;
- there are no restrictions on turnover and types of activity for current accounts;
- the amount of the initial payment is 5,000 USD;
- the term for opening an account - case by case (check with the consultant);
- the activities of the Bank are regulated by the Financial Control Department of Saint Lucia;
- an account can be opened at the GSL office

94 views 0

Expand all

Bank's characteristics

General information and rating

Двигайте таблицу

Global rating	Countrywide rating	Countrywide rating of the head bank	Global rating of the head bank	Credit rating
Not rated	Not rated	—	—	N/R

Двигайте таблицу

Year of foundation	2001
History	The bank changed its name to the current one in 2017, until that time it was Bank of Saint Lucia International Limited. There are branches in the British Virgin Islands, Panama and Uruguay
Personnel	There is an English-speaking staff
Bank’s shareholders	75% - Proven Investments Limited, 25% - Ryan Devaux (CEO). Financial group shares are freely traded on the stock exchange
Confidentiality	Judicial Cooperation Agreement with Russia is signed; AML legislation is strictly observed

Minimum requirements

Двигайте таблицу

Minimum balance, €	Transactions permitted per month	Initial deposit of funds, €	Deadline for the initial deposit, month	Minimum turnover, €/year
5 000	No restrictions	5 000	0	—

Двигайте таблицу

Minimum balance, €	Minimum deposit - 5,000 USD
Initial deposit of funds, €	The initial deposit is equal to the minimum deposit on the account
Deadline for the initial deposit, month	Submitted when opening an account
How fast payments are executed	1-2 days

Tariffs and services

Двигайте таблицу

Outcoming transfer, €	Incoming transfer, €	Account maintenance, €/year	Payment limit for credit cards, €/day	Funds to be blocked for CC issue, €
75	5	240	N/A	N/A

Двигайте таблицу

Outcoming transfer, €	Transfer cost - from 75 to 250 USD
Incoming transfer, €	Incoming payments - from 5 to 100 USD
Account maintenance, €/year	The monthly cost of opening an account is 20 USD. Closing an account - 300 USD
Distant access to the account	Online Banking
Financial products	Multi-currency accounts, deposits, credit cards - VISA and MasterCard, lending, investment, capital management
Credit/debit cards	VISA and MasterCard

Account opening procedure

Двигайте таблицу

Days to open for incoming transfers	Days to open for outcoming transfers	References	Business description	Purpose of the account
case by case	case by case	Not necessary	Detailed	Savings

Двигайте таблицу

Visit to the bank	No visit to the bank required
Required	Completed bank forms; copy of the client's passport; proof of address; standard set of corporate documents
Types of accounts	Personal; Corporate; Savings
Opening procedure and Due Diligence	It is possible to open an account without visiting the country where the bank is located; It is possible to open an account without meeting the banker
Chances to open an account	Predictable
Business description	Requirements for the description of activities are standard: a story about the current state of the business and its formation, disclosure of the source of origin of funds, biography of the account beneficiary and contact information

How to open a bank account in Boslil Bank Limited

GSL reference about the bank *

Bank's characteristics

General information and rating

Minimum requirements

Tariffs and services

Account opening procedure

Add a comment