Do I have to pay income tax on income I’ve earned offshore?
There are no withholding taxes on the income you earn from banking with us. However, like any other investor it is important for you to be familiar with the reporting requirements of your domicile country so as to ensure that you are well informed when making your investment decisions.

How can i open an Account with your Bank?
Customers have the convenience to open accounts via E-mail.

What is the minimum balance required to be kept in an Account?
The minimum balance for an Account is 20.000,00 EURO/USD
What is a 'Demand Guarantee'
A type of protection that one party in a transaction can impose on another party in the event that the second party does not perform according to predefined specifications. In the event that the second party does not perform as promised, the first party will receive a predefined amount of compensation by the guarantor which the second party will be required to repay.
What is a 'Letter Of Credit'
A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

What is a 'Medium Term Note - MTN'
1. Notes range in maturity from one to 10 years. By knowing that a note is Medium Term , investors have an idea of what its maturity will be when they compare its price to that of other fixed-income Securities. All else being equal, the coupon rate on medium-term notes will be higher than those achieved on short-term notes.
2. This type of debt program is used by a company so it can have constant cash-flow coming in from its debt issuance; it allows a company to tailor its debt issuance to meet its financing needs.

What is a 'Promissory Note'
A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date. A promissory note typically contains all the terms pertaining to the indebtedness by the issuer or maker to the note's payee, such as the amount, interest rate, maturity date, date and place of issuance, and issuer's signature. The 1930 international convention that governs promissory notes and bills of exchange also stipulates that the term “promissory note” should be inserted in the body of the instrument and should contain an unconditional promise to pay.

A non-interest-bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date.
Bills of exchange are similar to checks and promissory notes. They can be drawn by individuals or banks and are generally transferable by endorsements. The difference between a promissory note and a bill of exchange is that this product is transferable and can bind one party to pay a third party that was not involved in its creation.

A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are generally issued by commercial banks. The term of a CD generally ranges from one month to five years.

A standby letter of credit, or SBLC, is a financial instrument that provides a guarantee of payment to a beneficiary in the event a requisite obligation fails to occur. Standby letters of credit are issued by a bank or financial institution on behalf of a client to essentially warranty a contract that exists between the client and the beneficiary. The SLOC represents the bank's promise to pay the named beneficiary on behalf of the client in the event the client fails to uphold its contractual obligations.

A guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.

What is 'Online Banking'
The performance of banking activities via the Internet. Online banking is also known as "Internet banking" or "Web banking."

What is an ‘Investment Bank’
Investment banks are institutions that function mainly to serve businesses. They aid companies in the process of purchasing and selling bonds, stocks and a variety of other investments.

What is a ‘Commercial Bank’
Commercial banks are responsible for managing deposit accounts, such as checking and savings accounts, for both businesses and individuals. Using money held on deposit enables them to make loans available to the public and to companies.

What is a 'Prepaid Credit Card'
A card issued by a financial institution that is preloaded with funds and is used like a normal credit card. A prepaid credit card works in the opposite way of a normal credit card, because instead of buying something with borrowed funds (through credit), you buy things with funds that have already been paid.

What is a 'Debit Card'
A payment card that deducts money directly from a consumer’s checking account to pay for a purchase. Debit cards eliminate the need to carry cash or physical checks to make purchases. In addition, debit cards, also called check cards, offer the convenience of credit cards and many of the same consumer protections when issued by major payment processors like Visa or MasterCard. Unlike credit cards, they do not allow the user to go into debt, except perhaps for small negative balances that might be incurred if the account holder has signed up for overdraft coverage.

What is a 'Credit Card'
A card issued by a financial company giving the holder an option to borrow funds, usually at point of sale. Credit cards charge interest and are primarily used for short-term financing. Interest usually begins one month after a purchase is made and borrowing limits are pre-set according to the individual's credit rating.