Open a bank account

Types of bank accounts

1. Commercial ones are suitable for operating enterprises that are engaged in business in an active mode. For example, they import or export goods, consult and conduct commercial activities via the Internet. For offshore companies, opening such accounts is a rather complicated issue: it is more difficult for banking institutions to receive income from them. Unlike private accounts, maintaining commercial accounts takes longer and requires hard work to comply with the law. At the same time, people who trade through offshores often want to receive minimal commissions for transactions, which is also not very beneficial for the bank.
2. Private banking with personal capital. They can be created by a company, but operations will be of a non-commercial type. That is, all funds will be credited to new account at once, and number of operations will be small. A credit card may be needed for personal expenses of cardholder. A private account targets a relationship with a manager on a one-to-one basis to get information about capital gains, asset protection, etc. You can also issue a numbered invoice. It is important that many banks are happy to offer owners of a private account to open a commercial one as an addition. By combining two types of deposits, businesspersons can achieve a better relationship with clients and offer additional services.
3. Offshore retail accounts including private ones with a smaller balance. It’s suitable, for example, if an entrepreneur just wants to get a feel for offshore, but is not going to carry out a large number of transactions or make large deposits. Opening retail banking is allowed for both an individual and a legal entity.

Our specialists will provide you with complex financial assistance and offshore bank account opening services. Additionally, we act in the field of establishing and licensing companies in various areas of activity, in particular, cryptocurrency firms and gambling structures.

Steps to open an bank account

To quickly and safely create accounts with banks offshore, it’s better not to spend time-resources looking for a suitable solution, but immediately turn to a company that knows how to arrange everything correctly. What does the process of creating an account step by step look like?

1. Preparation of the necessary documentation. Initially, it is necessary to collect all constituent documentation, identities of the owners of the enterprise, directors and shareholders. In addition, it is necessary to describe the type of activity of the company, the planned operations, and give a list of counterparties.
2. Consultation with the manager of our agency. At the consultation, you’ll decide on the banking institution that is most suitable for goals of your company.
3. Prior approval. When a request is sent to the selected bank, businesspersons wait for a response. The organization may require additional documentation.
4. After the application is pre-approved, it is necessary to fill out all the required forms and send them.
5. Account creation. Specialists send data about accounts opening and possibilities of managing it.
6. Banks may require personal presence of the director at some stage. For details, it is better to contact our specialists.

According to the policy of our company, we charge a fee for our offshore bank account opening service to assist in the accounts opening. Unfortunately we cannot guarantee account opening itself, since final decisions are made by banks/EMIs based on submitted documents and answers to additional questions from the bank. We strongly recommend not to believe law firms who guarantee 100% successful results. But our firm is able to perform a free pre-approval procedure with the bank/EMI in the beginning, so that clients know for sure whether the bank or payment system agrees to accept them as a client.

What documents are needed?

Entrepreneurs submit next-mentioned:

• apostilled company documentation: confirmation of authority of officials, Statute of the company or memorandum of association, appointment of an individual to the position of head, certificate of appointment of the supreme governing body, legal address. The exact list differs depending on country of company’s incorporation.
• confirmation of company’s reputation, if any;
• license, if any.
• confirmation of the presence of the company’s office;
• director’s documents – a notarized passport and utility bills not older than 3 months in English.

Opening account in EMI-system: advantages

Electronic money accounts can be opened at an electronic institution. Electronic institutions operate under the license of the central bank of the country in which they are registered. Therefore, their activities are completely controlled. Presence of such accounts enables its owner to use all services offered by a regular banking establishment, however, with certain advantages. In particular, an account in the EMI system is beneficial in the following:

• faster transaction execution speed;
• high level of security of operations and data protection;
• convenience – there is no need to personally contact banks and possibility of complete all procedures on a remote basis;
• lower prices for account maintenance and for sending payments;
• the ability to access the account at any time and regardless of the location of the owner.

How much does it cost to open bank accounts

Specialists of our company offer offshore bank account opening services to entrepreneurs and businesses worldwide. Using support of our experts, you don’t waste extra time and money on choosing a bank on your own, traveling to the chosen jurisdiction, preparing documentation and waiting for a long decision. Price depends entirely on chosen country, main banks’ requirements and commercial goals. We also help you open a merchant account for commercial payments.

Some institutions offer personalized service to VIP clients. In this case, you will be assigned a personal banker who monitors the state of the markets and recommends correcting the investment portfolio in time. It is even possible to give this banker the right to discretionary management, then he/she himself/herself will make changes. Until recently, such service was offered exclusively to owners of millions of accounts, and now – from 200 thousand dollars.

An offshore account belongs to an individual or company that is established outside residence. Our firm operates in all offshore jurisdictions and will help you register a business, open accounts, obtain a license and in other matters related to offshore firms.

What is included in our services?

Our team of professionals has been in the offshore market for many years and offers full support at all stages of remote opening. We are well aware of all features of laws of different jurisdictions and will help you choose the right conditions on an individual basis.

After correctly and quickly registering accounts using help of our lawyers, you’ll be able to conduct your business online from anywhere in the world. It is very important that the procedure of self-opening an account by an unknowing person can be dangerous in terms of data confidentiality. We’ll help you save all your personal data and save money on registration.

Our specialists select the most loyal banking establishment, if you haven’t decided yet. The entire process of registration will take a little time, in comparison with the waiting time for a decision and correcting errors when submitting documents yourself. In addition, in 95% of the cases we submit applications for creation of offshore accounts, approval comes without the necessity to send additional documentation. We also have an extensive list of ready-made companies for sale in hundreds of jurisdictions and a wide variety of businesses.

How do I open an offshore bank account?

To do this, it is necessary to collect the appropriate package of necessary documents, the list of which may vary depending on the jurisdiction and individual needs of the client. Our company offers offshore bank account opening service, guaranteeing the fastest and highest quality results.

How to open offshore bank account online?

To do this, you need to contact a bank representative and also prepare the required documents in their electronic form. Our experts offer quality offshore bank account opening services remotely and with full professional support.

What is offshore banking services?

This is banking in offshore banking institutions. They are popular due to low tax fees, enhanced system of reliability and confidentiality, and improved security measures. Our company is ready to offer you the best offshore account opening services.

Which banks offer offshore accounts?

The most popular jurisdictions in which banking institutions allow you to open an account are Cyprus, Latvia, Hungary, Switzerland, Montenegro and some others. Our specialists are ready to offer you high-quality offshore account opening service and full professional support