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Business Accounts

Whether it is a new or an existing business, we can assist with the opening of the business account that you may need in Guilders, US Dollars or Euros.

Below is a list of available business accounts and the required documentation for opening each account.

Resident Company: Sole Proprietorship

Required documentation to open an account:

  • Picture ID (ID-Card, valid passport or drivers-license) of all authorized signing authorities, owner(s) and proxy holders. Please also provide the address of all.
  • Recent Excerpt bearing a Chamber of Commerce stamp (no older than six months).
  • At least one original acceptable (bank) reference letter addressed to The Windward Islands Bank Ltd. on the owner(s), signing authorities and proxy holders if these persons do not currently hold an active bank account at The Windward Islands Bank Ltd.
  • At least one original acceptable (bank) reference letter of the company addressed to The Windward Islands Bank Ltd. If this is a new company without any prior banking history, a Statement Of Non-Banking has to be completed and signed by the applicant(s).

Resident Company: (N.V. or B.V.) established in Curacao or St. Maarten

Required documentation to open an account:

  • Picture ID (ID-Card, valid passport or drivers-license) of all signing authorities, ultimate beneficial owner(s), Supervisory or Managing Directors. Please also provide the address of all.
  • Recent Excerpt bearing a Chamber of Commerce stamp (no older than six months).
  • Articles of Incorporation.
  • Shareholder Registry.
  • At least one original acceptable (bank) reference letter addressed to The Windward Islands Bank Ltd. on the beneficial owner(s), director(s) and/or authorized signing authorities on said account if these persons do not currently hold an active bank account at The Windward Islands Bank Ltd.
  • At least one original acceptable (bank) reference letter of the company addressed to The Windward Islands Bank Ltd. If this is a new company without any prior banking history, a Statement Of Non-Banking has to be completed and signed by the applicant(s).

Resident Foundation

Required documentation to open an account:

  • Picture ID (ID-Card, valid passport or drivers-license) of all signing authorities and board members. Please also provide the address of all.
  • Recent Excerpt bearing a Chamber of Commerce stamp (no older than six months).
  • Articles of Incorporation.
  • At least one original acceptable (bank) reference letter of the company addressed to The Windward Islands Bank Ltd. If this is a new Foundation without any prior banking history, a Statement Of Non-Banking has to be completed and signed by the applicant(s).
  • At least one original acceptable (bank) reference letter addressed to The Windward Islands Bank Ltd. on all board members and signing authorities if these persons do not currently hold an active bank account at The Windward Islands Bank Ltd.

Resident Association

Required documentation to open an account:

  • Picture ID (ID-Card, valid passport or drivers-license) of all signing authorities and board members. Please also provide the address of all.
  • Recent Excerpt bearing a Chamber of Commerce stamp (no older than six months).
  • Articles of Incorporation.
  • At least one original acceptable (bank) reference letter of the company addressed to The Windward Islands Bank Ltd. If this is a new Association without any prior banking history, a Statement Of Non-Banking has to be completed and signed by the applicant(s).
  • At least one original acceptable (bank) reference letter addressed to The Windward Islands Bank Ltd. on all board members and signing authorities if these persons do not currently hold an active bank account at The Windward Islands Bank Ltd.

Resident Partnership / "Maatschap"

Required documentation to open an account:

  • Picture ID (ID-Card, valid passport or drivers-license) of all authorized signing authorities, owners and proxy holders. Please also provide the address of all.
  • Partnership Agreement.
  • At least one acceptable Bank reference letter on all signatories and Partners, if these persons do not currently hold an active bank account at The Windward Islands Bank Ltd.

Resident Other Account Types: Committees, Football Club and Carnival Group

Required documentation to open an account:

  • Picture ID (ID-Card, valid passport or drivers-license) of all signing authorities and board members. Please also provide the address of all.
  • At least one acceptable (bank or employer's) reference on the accountholder(s).

Non-Resident (Offshore) Company: (N.V. or B.V.) establish in Curacao or St. Maarten

Required documentation to open an account:

  • Picture ID (ID-Card, valid passport or drivers-license) of all signing authorities, ultimate beneficial owner(s), Supervisory or Managing Directors. Please also provide the address of all.
  • Recent Excerpt bearing a Chamber of Commerce stamp (no older than six months).
  • Articles of Incorporation.
  • Shareholder Registry.
  • Two original acceptable (bank) reference letters addressed to The Windward Islands Bank Ltd. on the beneficial owner(s), director(s) and/or authorized signing authorities on said account if these persons do not currently hold an active bank account at The Windward Islands Bank Ltd.
  • At least one original acceptable (bank) reference letter of the company addressed to The Windward Islands Bank Ltd. If this is a new company without any prior banking history, a Statement Of Non-Banking has to be completed and signed by the applicant(s).
  • Copy of "Currency Permit" (Deveizenvegunning) of the Central Bank of Curacao and St. Maarten.
  • Certificate of Incumbency/Director's Registration.

Non-Resident (Offshore) Company: (Ltd, Inc., Avv, SARL, SA, EURL)

Required documentation to open an account:

  • Picture ID (ID-Card, valid passport or drivers-license) of all signing authorities, ultimate beneficial owner(s), Supervisory or Managing Directors. Please also provide the address of all.
  • Recent Excerpt bearing a Chamber of Commerce stamp, in the country of domicile (no older than six months). Alternatively, you may provide a Certificate of Good Standing.
  • Articles of Incorporation. (Register stamp on the Articles of Incorporation).
  • Shareholder Registry.
  • Resolution of "Memorandum" / "Certificate" in which the managing director(s) has or have) been appointed.
  • At least one original acceptable (bank) reference letter of the company addressed to The Windward Islands Bank Ltd. If this is a new company without any prior banking history, a Statement Of Non-Banking has to be completed and signed by the applicant(s).
  • Certificate of Incumbency / Director's Registration.
  • Mandatory Question: Is the company engaging in money generating activities on St. Maarten? If yes, provide a copy of the CRIB Registration.

Procedure


  1. Once you have all the required documentation and / or questions, please fill out and print the BASA form.
  2. contact a customer service officer to schedule an appointment or visit your nearest branch.
  3. All signatories must be present when opening the account for signing of the Signature list.
  4. On appointment with the Customer Service Officer, information will be requested on the source of funds used to open the account as well as the transaction profile (i.e. the amount and frequency of deposits, incoming / outgoing transfers, largest transaction amount and anticipated cash activity).
  5. In the event that the shares are held by another company you will need to provide the same information as required for this company as per account opening requirements.
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