from $1,000

Fidelity Bank

Corporate Account Opening in the Cayman Islands

As part of the Fidelity Group, Fidelity Bank offers an array of banking solutions for both individuals and corporate entities, including savings accounts, e-banking facilities, bank cards and loan services in the Cayman Islands

Online Banking

Credit Card

Debit Card

Pre Paid Card

USD
500

Min. Balance

1-2 weeks

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: $100

FACTS & INFO

  • Requirements

    REQUIREMENTS FOR ACCOUNT SETUP:

    • Applicant must have a connection to the Cayman Islands
    • Personal presence is not required
    • The initial deposit and minimum balance will be US$500
    • The account will be activated within 1-2 weeks (upon receipt by the bank of all duly completed forms and relevant information)

    DOCUMENTS REQUIRED:

    For the Company:

    A set of legalised company documents consisting of:

    • Certificate of incorporation
    • Memorandum and articles of association
    • 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
    • Copy of the corporate structure, identifying the ultimate beneficial owner(s)
    • Valid license (if applicable)

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

    • Notarized copy of a valid passport. The passport must be signed and the signature must match the signature in the application form. The photograph must be clear and of good quality.
    • Original or notarized copy of a utility bill / bank statement dated within 3 months as verification of residential address.
    • Original or notarized copy of a bank reference letter, dated within 3 months.
    • Power of attorney (where applicable).
    • Personal CV.

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

    A set of legalised company documents consisting of:

    • Copies of constitutional documents (certificate of incorporation, articles, etc.).
    • Copy of the corporate register (which shall include register of shareholders, directors and secretary).
    • Copy of the corporate structure.
    • Certificate of good standing.

    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 the required license or authorisation 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 are 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; 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 assistance in the licensing of your financial, Forex brokerage or gambling company.

SHIPPING COSTS

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

    Fidelity Bank (Cayman) Ltd. is part of the Fidelity Group, a financial services group headquartered in the Bahamas. Fidelity Group was established in 1978 and expanded in 1980 by opening offices in the Cayman Islands, and the Turks and Caicos Islands.

    The bank offers an array of banking solutions for both individuals and corporate entities, including savings accounts, e-banking facilities, bank cards and loan services.

  • Facilities

    WHAT FIDELITY BANK OFFERS:

    • Savings accounts
    • Chequing accounts
    • Loaning services
    • Pension
    • General insurance
    • Health insurance
    • Mobile banking
    • E-banking
    • Visa credit card and debit card

    BANK TARIFFS AND CHARGES

    Fidelity Bank (Cayman) Ltd. can be considered as a low-cost bank with respect to incoming/outgoing payments, account maintenance and e-banking. The monthly maintenance fee for a savings account for balances under $500 is $5. The monthly maintenance fee for a chequing account is $10. The bank charge for incoming payments is $15. The bank fee for outgoing payments will depend on the amount being transferred. There is no charge for internet banking.

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

    The 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.