THE ADVANTAGE OF OFFSHORE ACCOUNTS
It is getting more and more complicated to open a company bank account abroad nowadays. Instead of presenting a list of available banks/countries we have decided to gather basic information from your side prior to offering you a suitable bank(s). Our recommendation will be based on the information we received from you.
Kindly let us know the following details:
basic details about your company (country and date of registration)
nationality of company director(s), shareholder(s) and beneficial owner(s)
main business activities of the company
who will open and manage the account
preferred type of account (current, deposit or investment account)
preferred currency (US$, EUR, GBP, CHF or other)
preferred account management (phone, fax or internet banking)
acceptable maximum opening deposit
estimated monthly turnover
Bank accounts can be opened by mail or in person. Every bank will request original company documents affixed with an Apostille. The standard set usually contains Certificate of Incorporation, Memorandum & Articles of Association, Appointment of First Directors and Officers and Power of Attorney if the account is not being opened by one of Directors. Of course company documents may vary depending on the country where the company was incorporated. If the company is older than 12 months, most banks insists on a Certificate of Good Standing as well.
Besides the above company documents, the authorized person′s passport copy affixed with an Apostille is always required. Of course banks may ask for other documents such us a recent utility bill, bank reference, full description of the business etc. Opening a bank account is really an individual process now.
If the bank is not really sure of what the company is doing and who you are, your application will most probably be refused.
