Owner Managed Businesses
Banking and custody for owner managed businesses
You are looking for a licensed bank or asset manager to hold your capital in a tax neutral jurisdiction. We place the banking and the custody, and find the institution that fits.
iKYC is an adviser. We do not hold or manage assets, run the account, or act as custodian. Your tax position is for you and your own advisers.
What we place
A real home for capital and trading gains
You built a business that runs from anywhere. A US LLC or a UAE free zone entity. A partnership, a holding structure, sometimes a foundation over the top. The money comes in through fintech rails. They move it well enough. They are not a place to hold it.
iKYC places the home for it. We identify a licensed bank or an asset manager, in a tax neutral jurisdiction, to hold the capital. With an asset manager, custody sits behind it, and the capital can be invested. We manage the appointment through to a working relationship.
Payment rails do not hold capital
Owners at this stage usually solve payments first. An electronic money institution. A fintech platform. It receives the inflows and it pays a few bills.
It is not built to hold capital. There is no deposit protection. Accounts can be frozen, or closed at short notice. Money left in a payment platform is exposed, and it earns nothing.
Licensed banking for the business
An account in the name of the entity or the structure, at a licensed bank. A real bank, not a payment platform.
A home for the capital
Held with a licensed bank or an asset manager, in a tax neutral jurisdiction. With an asset manager, custody sits behind it, and the capital can be held and invested, with payouts to you.
How it fits together
Your existing payment arrangements receive the day to day inflows. Capital moves across, periodically, into the bank or asset manager. There it is held in custody, and it can be invested. From there, payouts are made to your domestic accounts as you need them, for living costs or for the business.
The payment side stays fast and simple. The capital sits somewhere regulated, away from the platform risk.
The internationally mobile owner
Mobile owners are normal for us. Resident in one country, a passport from another, a business formed in a third.
A bank reads that as complexity. We present it as what it is. A cross border life, with a clear source of wealth. Then we place it with an institution that is comfortable with it.
Who this is for
This works best for an owner managed business of substance, where there is real capital to hold.
These relationships carry a minimum size. Within one working day of seeing the structure, we tell you whether a realistic route exists. If it does not yet, we will say so.
Our coverage
30+ licensed banks on panel
12 jurisdictions covered
4 weeks standard opening
12+ years of regulatory insight
Get started
Send us the structure. Receive a first view within one working day.
Apply for BankingBook a CallFrequently asked
Owner managed banking, answered.
We already have fintech accounts for the business. What do we still need?
A real home for the capital. Payment platforms move money. They do not hold it safely or grow it. We place a licensed bank or an asset manager, with custody alongside, so the capital sits in one regulated place.
Where is the money held?
With a licensed bank or an asset manager that provides custody, in a tax neutral jurisdiction. We arrange this across twelve jurisdictions, including Jersey, Guernsey, the Isle of Man and the Cayman Islands.
Should the capital sit with a bank or an asset manager?
A bank holds it as a deposit. An asset manager holds it in custody and can invest it, with payouts to you. We identify which fits your case, and manage the appointment.
Can the account be held in the company name, or personally?
Both. Banking and custody can sit in the name of the operating company, the holding entity, or in personal or joint names.
How does the money flow in practice?
Your existing payment arrangements receive the inflows. Capital moves periodically into the bank or asset manager, where it is held in custody and can be invested. Payouts are made to your domestic accounts as you need them.
Do you replace our existing payment accounts?
No. Those stay with you for day to day payments. What we place is the licensed banking, asset management and custody that sit behind them.
We run the business through a US LLC or a UAE free zone entity, and we are not resident there. Can that be banked and held?
Yes. Owner managed businesses run through a US LLC, a UAE free zone entity or a similar vehicle are common for us. We document the structure and place it with a licensed institution that is comfortable with it.
We are resident in one country and the business is formed in another. Does that matter?
It is normal for the owners we work with. We present it correctly and place it with an institution used to cross border ownership.
Is there a minimum?
These relationships carry a minimum size. We tell you within one working day whether a realistic route exists for your case.
What will the institution want to see?
Who owns the structure, the source of the wealth, the source of the funds, the purpose of the relationship, and where you are resident. We prepare the file the way the institution wants to receive it.
Looking for somewhere real to hold what your business earns?
Tell us how the business runs and where the capital sits today. We will tell you where it can bank and where it can be held.
Apply for BankingBook a Call