The Kingdom Bank

Concept

The Kingdom Bank is a licensed international bank in Dominica, specializing in multicurrency IBANs and digital asset operations within a banking framework. Founder and CEO — Nebil Serkan Zubari, head office in Roseau. The bank operates online: accounts are opened and serviced entirely remotely.

🍓 The Kingdom Bank is a tool for tasks where a traditional bank responds "this is not our product": multicurrency IBAN with global reach, OTC cryptocurrency conversion within a banking framework, custody of digital assets through a licensed channel, escrow for cross-border transactions.

Regulation

Dominica's offshore regime defines what The Kingdom Bank can and cannot do. Full Bank license under the International Banking Act (equivalent to Class A in Caribbean jurisdictions), supervision by the Financial Services Unit (FSU) of the Ministry of Finance of the Commonwealth of Dominica.

The offshore banking framework in Dominica is built parallel to the domestic banking system and does not compete with it: the bank is not permitted to serve Dominica residents. The flip side of this choice is the absence of OECD-level infrastructure: no state deposit insurance, no central bank acting as lender of last resort, correspondent network built by the bank itself. This shapes the product profile: greater product breadth with less reputational weight among the client's receiving banks.

A separate Digital Assets license from FSU — a regulatory position developed earlier than most OECD jurisdictions. Dominica, like several Caribbean jurisdictions, separated crypto operations licensing into a distinct regime, allowing banks to hold crypto on the same balance sheet as fiat. This is where The Kingdom Bank's key feature stems from — crypto operations are reflected in bank statements alongside fiat movements. In Europe and North America, this is rarely possible without separate fintech providers.

Following FATF reforms of 2018–2022 and the revision of EU AML lists, Dominica brought its AML/CFT up to near-OECD levels. KYC, source-of-wealth verification, ongoing monitoring — in full scope; compliance review on large transfers takes no less time than in the EU or HK. Dominica participates in CRS and FATCA; non-resident accounts are subject to automatic tax information exchange with the country of residence. The old concept of "offshore = secrecy" no longer works in Dominica; transparency is the price for maintained access to the correspondent network.

Information security fits within this framework: ISO/IEC 27001 and PCI DSS certifications (Information Security Policy); digital assets are stored in a hot/cold scheme — operational balance in hot wallets under multi-factor authorization, main volume in offline private key storage.

Jurisdictions

Most countries worldwide with confirmed KYC. Citizens and residents of Dominica are not served — the license is offshore, as required by FSU. Iran, Syria, DPRK, Cuba, Crimea — declined.

🍓 Russia and Belarus — selectively, with residence permit from another country and non-sanctioned trading counterparties. This is softer than EQI Bank and Nodabank, which after 2024 completely refused Russian passports. Pre-screening through an associate is mandatory.

Requirements

• foreign passport or residence permit from another country;
• company website and LinkedIn of key persons — for corporate applications;
• source of funds: statements, tax returns, asset sale agreements;
• notarization of documents;
• counterparties outside sanction-sensitive jurisdictions.

Products

Multicurrency IBAN

Accounts for individuals and legal entities, 50+ currencies in one number — USD, EUR, GBP, CHF and other fiats — plus crypto balances BTC, ETH, USDT, USDC. Local and international payments to 80+ countries. A working option for clients with distributed international cash flow whom EU and UK banks refuse based on citizenship or residency.

Digital Assets

Purchase, sale, deposit, withdrawal and exchange of BTC, ETH, USDT, USDC through the bank's Digital Assets channel. The fundamental difference from an exchange account — operations are reflected in bank statements alongside fiat. This closes compliance documentation at the client's receiving banks: compliance in HK, SG, EU reads the source in a bank statement, not in an exchange export.

Escrow and Custody

Corporate and correspondent services for M&A, secondary shares and OTC, where both parties need a regulated banking framework.

Correspondent Banking

Local and international payments through SWIFT correspondent network in 80+ countries. Fee schedule:

Onboarding and monthly maintenance are agreed upon following compliance review — benchmark around €1,500 for SWIFT connection, €2,500 for IBAN issuance, €750/month maintenance.

Q/A

How does The Kingdom Bank differ from EQI Bank and Nodabank?

All three are offshore banks in Dominica with crypto focus. The Kingdom Bank is an online-only platform with emphasis on multicurrency IBAN and Digital Assets license; opening is remote. EQI Bank goes deeper into custody and lending against digital assets, USD / USDT escrow. Nodabank has family office positioning, concierge service, higher onboarding fee.

Does the bank accept Russians?

Selectively — with residence permit from another country and non-sanctioned counterparties. Softer than EQI Bank and Nodabank.

What currencies can be held?

50+ currencies — USD, EUR, GBP, CHF and other fiats, plus crypto balances BTC, ETH, USDT, USDC.

What cryptocurrencies are supported?

BTC, ETH, USDT, USDC through the bank's Digital Assets channel.

Is there deposit insurance?

No. For investment-grade storage of primary capital — Swiss or Singapore private bank.

How is an account opened and how long does it take?

Remotely, without visiting Dominica. Through private.law — pre-screening of profile with an associate, notarization of documents, submission through the bank's online platform, KYC and UBO review. Total time with a clean profile — 7–14 business days; up to 2–3 weeks for high-risk.

Does the bank report under CRS / FATCA?

Yes. Dominica participates in both regimes; information about non-resident accounts is transmitted to tax authorities of the country of residence.

What are the fees and onboarding fees?

SEPA in/out €1 + 0.5%, SWIFT in €50 + 1%, SWIFT out €5 + 2%, crypto ↔ fiat conversion 2%. Onboarding and monthly maintenance — benchmark €1,500 for SWIFT connection, €2,500 for IBAN issuance, €750/month maintenance. Final figures — following compliance review.

When is another bank chosen instead of The Kingdom Bank?

For primary investment-grade capital — Swiss or Singapore private bank: deposit insurance, investment grade sovereign rating, stable reference for receiving counterparties. For regular cross-border settlements with Western correspondents — European or Hong Kong bank: less compliance scrutiny on WIRE chains. For primary banking of a regulated fund or brokerage company under FCA / MAS / SEC — licensed bank in the country of regulation.

Related Topics

• 🇨🇳 Dominica Banking License: offshore banking regime and real use cases (parent)
• EQIBank: Dominica offshore bank and OTC operations within banking framework
• Nodabank: offshore bank and family office under Dominica banking license regime
• FV Bank: Puerto Rico bank, IFE license and digital custody
• Neobanks: rating and review of payment providers
• Personal account abroad
• OTC settlements, USDT and banking control

FAQ

How does The Kingdom Bank differ from EQI Bank and Nodabank?

All three are offshore banks in Dominica with crypto focus. The Kingdom Bank is an online-only platform with emphasis on multicurrency IBAN and Digital Assets license; opening is remote. EQI Bank goes deeper into custody and lending against digital assets, USD / USDT escrow. Nodabank has family office positioning, concierge service, higher onboarding fee.

Does the bank accept Russians?

Selectively — with residence permit from another country and non-sanctioned counterparties. Softer than EQI Bank and Nodabank.

What currencies can be held?

50+ currencies — USD, EUR, GBP, CHF and other fiats, plus crypto balances BTC, ETH, USDT, USDC.

What cryptocurrencies are supported?

BTC, ETH, USDT, USDC through the bank's Digital Assets channel.

Is there deposit insurance?

No. For investment-grade storage of primary capital — Swiss or Singapore private bank.

How is an account opened and how long does it take?

Remotely, without visiting Dominica. Through private.law — pre-screening of profile with an associate, notarization of documents, submission through the bank's online platform, KYC and UBO review. Total time with a clean profile — 7–14 business days; up to 2–3 weeks for high-risk.

Does the bank report under CRS / FATCA?

Yes. Dominica participates in both regimes; information about non-resident accounts is transmitted to tax authorities of the country of residence.

What are the fees and onboarding fees?

SEPA in/out €1 + 0.5%, SWIFT in €50 + 1%, SWIFT out €5 + 2%, crypto ↔ fiat conversion 2%. Onboarding and monthly maintenance — benchmark €1,500 for SWIFT connection, €2,500 for IBAN issuance, €750/month maintenance. Final figures — following compliance review.

When is another bank chosen instead of The Kingdom Bank?

For primary investment-grade capital — Swiss or Singapore private bank: deposit insurance, investment grade sovereign rating, stable reference for receiving counterparties. For regular cross-border settlements with Western correspondents — European or Hong Kong bank: less compliance scrutiny on WIRE chains. For primary banking of a regulated fund or brokerage company under FCA / MAS / SEC — licensed bank in the country of regulation.

Key factual claims

• Following FATF reforms of 2018–2022 and the revision of EU AML lists, Dominica brought its AML/CFT up to near-OECD levels.
• Accounts for individuals and legal entities, 50+ currencies in one number — USD, EUR, GBP, CHF and other fiats — plus crypto balances BTC, ETH, USDT, USDC.
• Local and international payments through SWIFT correspondent network in 80+ countries.
• Onboarding and monthly maintenance are agreed upon following compliance review — benchmark around €1,500 for SWIFT connection, €2,500 for IBAN issuance, €750/month maintenance.