Eternity Law International — News — Bank account for forex company

Bank account for forex company

Published:
April 27, 2020

How to open a bank account for forex company is an urgent issue for many. Today, a huge number of countries are adopting legislation that is aimed at combating money laundering transactions.

Such measures have a great impact on the complexity of the procedures for opening accounts in foreign financial institutions.

For this reason, it should be borne in mind that opening a bank account for risky activities such as forex is a rather complicated and painstaking task.

At the same time, opening a company corporate account is a prerequisite for starting a business.

When opening an account with a banking organization in another country, an enterprise often faces the need to choose between concepts such as the complexity of the procedure itself, which involves opening.

In addition, for clients from the CIS countries quite often a significant role is played by such criteria as ease of managing their own account, and currencies with which it is possible to work.

In order to be able to open an account with a bank in Europe, customers will need to collect the following documents:

  • scanned copies of constituent documents, business plan;
  • scanned copies of utility bills;
  • an extract from a banking organization on the movement of funds for three months is required.

POSSIBLE DIFFICULTIES

If there are situations when there are any difficulties with apostilling the documentation, our company’s clients can count on the offer of a personal visit to a banking organization in order to carry out identification.

Our staff will prepare all the documents requested when issuing the invoice.

In situations where there are no problems with the documents, remote account opening in a European banking organization takes no more than 10 days.

The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.

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