Overview

• Bank of Asia (BVI) Limited is a fully digital, cross-border bank headquartered in the British Virgin Islands (BVI). Licensed by the BVI Financial Services Commission (FSC) in March 2017, it was the first banking license granted in the territory in over two decades. The bank officially commenced operations in September 2019, aiming to serve the growing financial needs of international companies, high-net-worth individuals, family offices, and trusts, particularly those associated with offshore jurisdictions

Services Offered

• Bank of Asia provides a wide range of financial services through its digital platform, including:
  • Multi-currency deposit accounts (USD, EUR, HKD, RMB)
  • Cross-border payments and remittances
  • Investment banking and corporate advisory services
  • Structured financing solutions
  • Private banking and wealth management
  • Insurance and asset management services (via business partners)
  • Digital onboarding with robust Know Your Customer (KYC) and Anti-Money Laundering (AML) processes.

Required Documentation for Bank Account Opening

• Certified copies of corporate documents with apostille
• Certificate of Incumbency (issued within 6 months) with apostille
• Certificate of Good Standing (for companies over 1 year old)
• Bank Reference Letter (for companies less than 1 year old),
• Certified copy of passport with photo and signature specimen for all relevant individuals-
• Certified proof of address (e.g., utility bill, bank statement, or government-issued ID with address)
• Bank reference for all relevant individuals, showing date of account opening (should be more than 1 year)
• Proof of wealth/income (e.g., latest tax return, consolidated bank statement of last 3 months, latest employment contract)
• Proof of physical address of principal place of business issued within 3 months (if operating company)
• Company business plan (with account owner’s signature), business forecast, or website (if any)
• Completed pre-compliance questionnaire
• CVs of directors and beneficiaries

Bank of Asia (BVI) Limited Account Opening Summary