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.

You could be interested

Grenada Citizenship for Investments

Jurisdiction suggests persons made great contributions to country’s economical field to get citizenship-rights and enjoy all privileges residents possess. Obtain citizenship in Grenada may be performed as a token of gratitude for endowments to local growth. Privileges offshore citizenship in Grenada possesses for persons who decide to contribute to country’s economical sphere. Grenada citizenship by...

EMI license for sale: core aspects to consider before the purchase

Buying an E-Money Institution that is duly authorized but has not operated is a popular inquiry among the individuals that are willing to operate in a financial market. However, there are a lot of pitfalls in getting relevant information when it comes to acquiring or selling an authorized company. In this article, we will provide...

What obligations does FINTRAC have?

The Canadian Financial Transactions and Reporting Analysis Center (FINTRAC) is the financial intelligence unit in Canada. The center’s mission is to assist in the detection, prevention and deterrence of activities related to the illegal circulation of funds and the financing of terrorist operations. FINTRAC makes a unique contribution to safeguarding the safety of Canadians and...

AEMI License in Spain

Overview of AEMI Licensing in Spain An AEMI licence in Spain is increasingly sought after as tech-enabled solutions expand across Europe. This licence, granted by the Bank of Spain, allows organisations to issue e-money, offer payment facilities, and expedite secure transferring operations in obedience with EU  monetary legislations. Holding an AEMI licence in Spain enables...

Company registration in India

Today, India is more and more interesting for entrepreneurs. For foreign capital owners, this jurisdiction is interesting and profitable, since it is based on the Anglo-Saxon legal system. In addition, India is also convenient for the development of offshore structures, since there is no tax levy in this country levied on capital increases. However, you...

Company registration in Turks & Caicos

Caicos and Turks are islands located in the Atlantic Ocean. This territory attracts foreign investors as it is an offshore zone. Benefits and advantages of registering a company in Turks and Caicos A firm on the islands is completely tax exempt. High level of confidentiality of information about shareholders and directors. Possibility to use the...

Related posts

Bank account creating for your business-company: remittance system or bank

Every business-company, no matter its size or industry, needs access to financial services to operate efficiently. Whether you are starting a new venture or expanding an existing one, creating a bank account is one of the first critical steps to ensure the smooth functioning of your company. However, in today’s rapidly evolving financial landscape, enterprise...

Forex broker account

The world’s largest financial market is Forex, which exchanges currencies at market prices. Back in 1977, the cash flow in the Forex market was more than 5 billion, and in 2016 it was 5 trillion dollars. He replaced the established standards for the freedom of currency exchange. Additional financial flows were needed for different countries. Over time, people...

Bank account for startup

Bank account for startup – where to choose? Choosing the right account with a foreign banking institution will help you keep track of all your expenses, generate revenue and enjoy flexible and convenient banking services. Which account type to choose and in which country to apply for its opening depends on what the account you...

Foreign bank account

Foreign bank account : all the advantages and risks.  Now, due to the situation with deoffshorization, entrepreneurship need to turn to the international banking services. Therefore, the question of how to open an account in a foreign banking institution is now in the mind of almost everyone who is actively involved in business. Advantages of...

Bank account for casino

The specialists of our company have developed a full range of services for the registration of gambling companies in offshore zones and EU countries in those jurisdictions in which the gambling business is allowed. Our turnkey casino opening package includes the cost of opening a bank account for casinos, which can be done immediately after...

BANK ACCOUNT FOR ICO

By the number of users of Bitcoin Ukraine is in the TOP-10 countries of the world, despite this, to establish a company for the development of crypto business and properly build financial flows is quite difficult, since the legal status of electronic currency has not yet been determined. The only document on the basis of...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: