Antigua and Barbuda has taken steps to position itself as the so-called "economic powerhouse of the Caribbean", and the Global Bank of Commerce is leading the way. The first bank to be licensed in Antigua and Barbuda in 1983 under the International Business Corporations Act, Global Bank of Commerce has provided secure, reliable offshore banking services for clients ever since.
Strict privacy laws in Antigua and Barbuda are designed to protect offshore clients, and the stable political and economic climate provides a secure environment for banking interests. Antigua and Barbuda has severe penalties related to breaches of confidentiality in the financial sector.
In an effort to stay up-to-date with the modern banking industry, this jurisdiction has dedicated resources to increasing infrastructure, including advanced communications. This means clients with offshore bank accounts will enjoy online banking services, as well as the ability to fax instructions, which the bank can carry out with client signature and password.
In other words, you can conduct business remotely. Clients of Global Bank of Commerce will also receive debit cards with a $100 fee for setup and $30 in annual fees. The cost to set up an account is $450, and accounts require a minimum balance of $5,000.
There is a monthly account fee of $10 and the bank offers wire services for a small fee. Funds may be transferred by wire or check.
Antigua and Barbuda is a growing entity in international business banking, actively attracting business interests across the globe. This only serves to strengthen and stabilize the financial services industry in this jurisdiction, and Global Bank of Commerce is among the most enduring and reliable banking institutions in Antigua and Barbuda.