I agree with
@Fred - I ended up not really using my SVG corp because of banking issue. It's next to impossible to get card processing or any "normal" banking. It really only makes sense if you are using it as the holding company for something sketchy or are going to be dealing with mostly crypto.
I did spend the entire last year to see what's working and what's not and I did setup in almost every single Offshore Jurisdiction you can imagine and it comes all down to Banking at the end.
SVG is fine for Crypto Only related Activities as Crypto is not yet regulated in SVG.
Card Processing is anyway a major problem of this Small Caribbean Islands even with the couple domestic Banks each Islands has even as a Resident Company it's difficult to achieve and like back in the 90's.
Small Caribbean Islands can make sense for SPV's and Wealth Management with low frequent first party transfers as mentioned earlier and then the "Exotic" Wire Instructions are even not a problem however if you have a day to day Business things getting complicated or unworkable when the Beneficiary on your Invoice is a Bank holding Bank Accounts on the other end of the world.
If you still want to try your luck with a Small Islands Offshore Company in 2025 try to get at least a Bank Account in Mauritius with a dedicated Mauritius IBAN and Western Correspondent Banks.
Sorry but the African Export Import Bank is a serious leading multilateral development bank and financial institution with an investment grade rating. It is in fact a critical bank for the continent with offices across Africa and even
Caribbean (Barbados). The owner of BONI Michael Prest (a Nigerian tycoon) is a respected African commodities guy himself and so makes sense the relationship with his bank and African Export Import Bank. If BONI have managed now to get African Export Import Bank as their correspondence bank then that tells you they have probably sorting past issues out and passed serious due diligence a relationship with a multilateral bank requires.
https://media.afreximbank.com/afrexim/Afreximbank-1Q2025-Abridged-unaudited-financial-statements.pdf
In short you don't need to disparage in this way to push your services. You can end up doing more harm than good to your reputation and offering.
Martin don't get me wrong - I'm not saying that the Egypt Bank itself or BONI itself is not a serious Business and yes as you mentioned it can make sense to work with an Egypt Bank when you are a big guy from Nigeria who has most likely long Business History with this Egypt Bank already.
I understand that the Egypt Bank is happy to help a long and profitable Customer to provide Correspondent Banking but the reality remains the same - Wire Instructions are terrible to work with and almost impossible for day to day Banking.
I can't think of many Jurisdictions the Banks are fine to Wire you USD to a SVG Company with a Nevis Bank as Beneficiary holding an Account in Egypt especially when most Forum Users are Westerns.
I understand when something like what I mentioned here is seen as a pitch for our own Business and indeed we have a reason why we did end up working with Panama as a Jurisdiction however it should rather be seen as Feedback & Experience someone is not wasting money on certain things like
@cionide did.
