Account opening in a payment institution
Facing with the problems of opening a bank account and frequent closing of corporate accounts due to the lack of activity in the country of company registration, Legarithm recommends paying attention to licensed payment institutions.
Payment institutions not only almost completely duplicate the functionality of the bank, but also have a number of undeniable advantages such as opening an account for highly risky activities (gambling, forex and cryptocurrencies), the ability to open an account remotely, less strict compliance, advanced technologies, and short account opening times.
Legarithm only works with trusted payment institutions that have been in the market for many years and have a good business reputation.
The package of documents for opening an account is identical for banks and payment institutions:
The payment institution will need to provide corporate documents of the company, confirmation of site ownership, contracts with counterparties, information about shareholders and directors.