Bank of Nevis International targets Dubai millennials with impact investments

Bank of Nevis International targets Dubai millennials with impact investments

Bank of Nevis International Trust Services Inc. (Bonits), a provider of migration investment, trust, and company formation services, has launched its first international outpost office in Business Bay, Dubai.

Founded on the Caribbean island of Nevis, the investment provider is targeting the emirate as base to reach well-heeled millennials across the Middle East, Africa and Asia.

“As a global financial centre and the hub for the region, Dubai is a unique and an ideal location from which Bonits can service existing clients and grow its geographic footprint and customer service outreach,” said company CEO Michael J. Prest.

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“We'd like to increase the number of investors we have in the Middle East. Around 10 percent of people who bank with us or who correspond with us looking for opportunities are based in the region, and we'd like to build on that,” he added.

The trust offers migration investment packages, with packages starting from $150,000 for a family of four, as well as a range of sustainable impact investments.

“Over the next 12 months, Bonits will launch initiatives that focus on the needs of a new generation of clients for whom positive