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Open a Bank Account in Cayman Islands Quick FactsInitial depositBanks can impose a minimum average balance, for example $100,000, to be considered by those who open a bank account in Cayman Islands. The minimum average balance for personal banking can be $10,000.14 more rows
Non-residents can open a bank account in the Cayman Islands. Some banks even allow you to do so without visiting the Caymans. However, you need to submit several certified documents as proof of your identity, your current overseas address, bank references and the source of your funds.
Cayman Islands Bank Account. A Cayman Islands bank account can help protect assets from lawsuits, enhance financial privacy, and in certain cases, lower taxes. This is especially the case when you hold the account in the proper legal tools. The U.S. has under five percent of the worlds population.
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How to apply One valid government-issued identification bearing a photograph and signature such as: Passport. National ID or voters card. Proof of address such as: Current utility bill (no more than 3 months old). Proof of funding, such as: Job Letter. The account Application Form [PDF: 614 Kb]
Non-residents can open bank accounts in Cayman without visiting the Islands (not all banks offer this service), but they must submit multiple certified documents to prove their identity, a current overseas address, the source of funds and bank references.
How to apply ID - Passport. Proof of address. Bank or Character Reference (if Bank relationship is less than 3 years) Employment Letter or Source of Funds documentation.

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