from €785

Capital Security Bank

Corporate Account Opening in Cook Islands

Assistance with establishing of a corporate bank account with Capital Security Bank in the Cook Islands. Full-service private bank with distinct level of services for asset protection or investments.

Online Banking

Credit Card

Debit Card

Pre Paid Card

USD
20000

Min. Balance

2-4 days

Processing Time

ORDER FORM

PRE-APPROVAL

Find Out if you are Pre-Approved

The information you provide will allow us to obtain approval for your account as quickly as possible. Please proceed to the buying process and you will get the Pre-Approval Form Application in your Purchases. Please answer each question fully and in detail. Your application may be delayed if the form is incomplete.
TOTAL: €95

FACTS & INFO

  • Requirements

    REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH CAPITAL SECURITY BANK:

    • Personal presence is not required
    • The minimum initial deposit and balance required: US$20,000
    • Cash intensive businesses, such as retail stores, hotels, convenience stores, taxi businesses, are reviewed on a case by case basis.
    • The account will be activated within 2 - 4 business days, upon receipt by the bank of all duly completed forms and relevant information.

    DOCUMENTS REQUIRED

    For the Company:

    A set of legalized (apostilled) company documents consisting of:

    • Certificate of Incorporation
    • Memorandum and Articles of Associations
    • Documents confirming the appointment of company directors and secretary (if any)
    • document confirming the location of the registered office
    • Share Certificate(s)
    • Certificate of Good Standing if the company is more than 12 months old

    For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:

    • Notarized color copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
    • Original or notarized copy of utility bill (electricity, water, gas or cable) dated within 6 months as verification of residential address.
    • A Bank reference letter, dated within 3 months. The bank reference letter must be on official bank's letterhead. Ask your bank to include the date of letter issuance, the date of account opening,the type of account held, satisfactory relationship, signature of bank's senior personnel.
    • Personal CV

    For each corporate officer (where the company directors or shareholders are legal entities), please provide:

    A set of legalized (apostilled) company documents consisting of:

    • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
    • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
    • Copy of the Corporate Structure.
    • Certificate of Good Standing.

    PLEASE NOTE: Documents that are not in English must be accompanied by a certified translation.

    Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.

    IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES

    If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, STARTING BUSINESS will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

    Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

    Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.

    SHIPPING COST

    Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to your order during checkout. Shipping costs for international courier services are set automatically depending on geographic zones.

  • About the Bank

    Capital Security Bank was established in 1997 and is the only private bank operating within the Cook Islands only. CSB is regulated by the Financial Supervisory Commission Cook Islands and holds both and international and domestic banking licenses.

    The bank is covered by the Professional Indemnity Insurance and operates in accordance with the Cook Islands Banking Act of 2011, which provides comprehensive security and confidentiality for bank customers. The confidentiality laws of the Cook Islands prohibit the disclosure of banking relationships except with the consent of the customer, ensuring that no creditor or foreign government can gain access to bank information except in the case of preventing money laundering or averting the financing of terrorism.

    The bank does not lend against clients funds and remains 100% liquid and complies with International Financial Reporting Standards.

    The bank offers traditional offshore banking services including call & term accounts in a wide range of currencies and investment accounts with access to stocks, bonds, mutual funds and other investment products.

    CSB’s capital adequacy ratios: Core 11.3%, Tier1 11.3%, Total: 13.4%.

  • Facilities

    WHAT CAPITAL SECURITY BANK OFFERS:

    • Personal and corporate multicurrency accounts.
    • The bank is focused mainly on investment type of accounts with low transactional volumes.
    • Cash accounts, precious metals accounts, investment accounts, wealth management.
    • Full Internet banking.
    • International wire transfers in all major currencies (USD, EUR, GBP, AUD, NZD, CAD, CHF, JPY, HKD, SGD, NOK).
    • Fixed Deposits
    • The approximate timeframe for account allocation is 2-4 days after the original documents have been received by the bank.

    BANK TARIFFS AND CHARGES

    Capital Security Bank can be considered as medium-cost bank with respect to account maintenance and bank transfer fees. The multicurrency account establishment fee is USD 500 and the monthly account maintenance fee is USD 50. Fees for outward wire payments can vary from USD 100 to USD 300 - third party charges may apply to payments or receipts. Fees for inward wire payments are USD 20 - third party charges may apply to payments or receipts.

    PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.

    STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.