Our team has repeatedly opened bank accounts in foreign jurisdictions and has successfully passed all the tightened banking requirements.

Before you open a corporate account, we will select the best bank depending on your type of business, turnover, rates, currencies for sending and receiving payments, and the ability to work with non-residents.

We work with a large network of licensed payment institutions and banks and will find options for remote account opening, without the need for a personal visit to the bank. Nevertheless, you should be prepared that some financial institutions still require the personal presence of the company director.

Advantages of foreign accounts

Foreign accounts have a number of advantages:

• Stability of financial institutions;
• Reputation of financial institutions;
• Low commissions for international and domestic transfers;
• High level of service;
• Possibility of remote opening and management.

What documents do I need to open a corporate account in a foreign bank?

• Articles of Incorporation;
• A document confirming the registration of the company;
• A document confirming the composition of the shareholders, directors, secretaries of the company, as well as the legal address;
• Documents of all shareholders and directors (passports, resumes and utility bills);
• Rental agreement of the premises (if there is an office);
• Address of the company website;
• Information about the planned turnover;
• Contracts with counter-parties.

The list of documents differs between banks, but as a rule, the list above is minimal. All official documents will need to be translated into English and notarized. In some cases, it is necessary to translate the documents into the language of the country where the desired bank is located.

Our lawyers will help to prepare and collect all necessary documents to open an account and choose the best bank based on your requirements.

Faced with the problem of opening a bank account and the frequent closure of corporate accounts due to the lack of bank activities in the country, we recommend to pay attention to licensed payment institutions (Electronic Money Institutions).

Payment institutions not only nearly duplicate the functionality of a bank but also have a number of compelling advantages such as an account opening for high risk activities (gambling, forex and cryptocurrency), remote account opening, less strict compliance, advanced technology and short account opening time.

We work only with the checked payment institutions, which have been operating on the market for many years and have a good business reputation.

The package of documents for account opening in the payment system is identical for the bank and the payment system. The payment system will need to provide corporate documents of the company, proof of site ownership, agreements with counterparties, information about shareholders and directors.