Thursday 24th October, 2019

It is generally accepted that there is a long-term future for highly regulated, reputable and integrated financial centres such as Nevis. International financial services have become increasingly more common in wealth management involving individuals from high tax countries. We are confident that BONI’s presence in Nevis ideally positions us to be your preferred provider of wealth management solutions.

About BONI

BONI was incorporated in 1998 as a wholly owned subsidiary of The Bank of Nevis Limited and is the only international bank licensed in Nevis and does not have any external ties.

About Our Parent, The Bank of Nevis Limited (BON)

BON commenced business in 1986 and provides a wide range of retail and corporate banking services in St. Kitts and Nevis. It has been listed on the Eastern Caribbean Securities Exchange since 2001 and 24% of its equity is owned by the St. Christopher and Nevis Social Security Board. Today, BON is the largest independent financial services group in Nevis.

Regulatory Authorities

BONI is regulated by the 2014 Nevis International Banking Ordinance (NIBO), the scope of which requires us to submit to quarterly financial statements and annual audited financial statements to the ECCB. The Nevis Offshore Banking Ordinance also grants the ECCB the authority to require us to submit to an examination of all books, minutes, cash, securities, vouchers and other documents and records relating to our assets, liabilities and business generally.

Foreign Account Tax Compliance Act (FATCA)

We are registered with the US Treasury Department as a Foreign Financial Institution (FFI) for FATCA reporting purposes.

Global Forum of Transparency and Exchange of Information for Tax Purposes

In August 2014 it was announced that St Kitts and Nevis had been rated as Largely Compliant with international financial standards by OECD Global Forum, the second top rating.

Our Banking Services

At BONI, the following services are made available to individuals and corporate structures:

  • Multicurrency Deposits: USD, EUR and GBP
  • Current Accounts, Savings Accounts, Certificates of Deposit
  • Wire Transfers
  • Approved Intermediary Programme
  • Online Banking
  • Custody of Securities
  • USD Credit Cards

BONI is committed to providing a more integrated wealth management offering, comprising:

  • Trust and corporate administration
  • Investment management; and
  • Services to High Net Worth Individuals seeking to obtain St Kitts and Nevis Passports under the Citizenship by Investment Programme.