Today many countries are looking for ways to bring hard currency into their coffers. They use these funds to either create jobs by developing real estate projects, or to pay off their debts, or to even put some money away for a rainy day. This is why there are many Citizenship by Investment programmes (CIB) available today. The Caribbean nation of St. Kitts and Nevis began this program in 1994. Other Caribbean nations followed. Later Europe got into the act offering citizenship to persons willing to make large investments into the country, like Malta and Cyprus. Now other nations like Moldova and Bulgaria are offering the same thing.

Here at Kevelex we are often asked about things you should consider when setting up a new international / offshore bank of fintech business. For example, one of our most popular products was the Singapore Stored Value Facility.

Ask any experienced banker from a small offshore jurisdiction what the three most important aspects of his business are, and he'll say correspondent banking, correspondent relationships, and correspondent accounts! Here at Kevelex we help offshore banks and other international fintech businesses to open correspondent bank accounts with strong banks worldwide. Do not hesitate to email or WhatsApp us for more information about this matter. We always work on a no-win, no-fee basis.

Are you ready to set up your own offshore bank? Work through this 7-point checklist from Kevelex Corp, the experts in offshore bank licensing and correspondent account opening.