What are the requirements for Ukrainian citizens to open a bank account in Antigua?

What are the requirements for Ukrainian citizens to open a bank account in Antigua?

For Ukrainian citizens considering banking options abroad, Antigua presents itself as an appealing destination with its stable banking environment and attractive tax system. Understanding the requirements for opening a bank account in Antigua is essential for those seeking to leverage the country's financial opportunities.

  • Travel Visa: Ukrainians enjoy the privilege of traveling to Antigua and Barbuda without the need for a visa, making initial visits for banking purposes more straightforward.
  • Entry Requirements: Upon arrival, several documents are necessary:
  1. A round-trip ticket ensuring the return journey.
  2. Provide proof of residence indicating where you will stay during your visit.
  3. Evidence of financial means to support oneself in Antigua and Barbuda.
  4. A valid passport with at least six months remaining until expiration from the planned departure date.

Process of Opening a Bank Account in Antigua

Establishing a bank account in Antigua and Barbuda is a streamlined procedure designed to cater to the needs of both residents and international clients, including Ukrainian citizens. Here's a step-by-step guide to navigate through the requirements and procedures:

  • Initial Contact and Documentation: Contact your preferred bank from the list of reputable institutions like ACB Caribbean or Caribbean Union Bank. Prepare to provide essential documents such as a valid passport, proof of residence (like a utility bill), and detailed banking history, including credit references or a letter from a business associate.
  • Minimum Investment and Account Maintenance: Be ready to make an initial deposit of at least XCD 1,081, and note that current account maintenance fees range between XCD 18.92 to XCD 27 monthly. 

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By adhering to these steps and preparing the necessary documentation, Ukrainian citizens can efficiently open a bank account in Antigua and Barbuda, leveraging the country's stable banking environment and attractive tax system for their financial endeavours.

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