EMI for a Saint Kitts and Nevis IBC

[SilverNeo]

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?

 

[JohnnyDoe]

What was the reason for choosing a Nevis company and how do your clients react when it bills them?

 

[ilke]

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.

 

[SilverNeo]

What was the reason for choosing a Nevis company and how do your clients react when it bills them?

Privacy and asset protection and a few others I did mention to them that I was doing this and they had no issues with paying me in my company as long as I can get an EMI or a bank account

 

[JohnnyDoe]

Privacy and asset protection and a few others I did mention to them that I was doing this and they had no issues with paying me in my company as long as I can get an EMI or a bank account

Unfortunately it’s no longer year 1984

 

[SilverNeo]

For banks there are banks in Panama and few others I was just thinking for the short term I can use

Unfortunately it’s no longer year 1984

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.

 

[Forester]

Nevis does not seem like a reasonable choice for this scale.

Would you mind to elaborate more what do you mean?

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.

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.

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.

I can confirm.

 

[Forester]

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.

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

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.

Very true

 

[SilverNeo]

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

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)

 

[SilverNeo]

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.

I was able to open it with no issue appreciate it I owe you one

 

[SilverNeo]

@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.

 

[ilke]

@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.

Yes.

 

[SilverNeo]

Yes.
View attachment 8244

Yes.

Thank you for the confirmation. I appreciate it, It's not an issue I was just curious.