01.Do I need to go to the bank to open an account in person?
In most jurisdictions where we provide services, you can leave most of your work to our expert team and enjoy the benefits of remote application. The whole process can be completed online and by express delivery (with a few exceptions).
2. Do I have to wait for my offshore company to complete before opening a bank account for my compan
yes. Most banks require KYC documents such as company registration certificate as account opening qualification.
3. Will the establishment of an offshore company automatically open a bank account for the company?
No. If you check the bank account opening option, we will work closely with you to select the bank that best suits your needs from our main bank network.
Then, the bank will decide whether to open an account, depending on their satisfaction with the nature of your business and the personal information you provide.
4. How long does it take for the bank to open an account for the company?
After submitting all required documents to the bank, the bank will conduct a compliance check.
Generally, the bank account can be approved and activated within 7 working days, depending on the bank you choose.
5. In which countries can you open a bank account for my company?
We can support you to open bank accounts in the United States, Lithuania, Switzerland, Puerto Rico and other places.
6. Can I open other types of accounts?
Yes, in addition to traditional bank accounts, we also help open EMI accounts, digital currency accounts, and third-party quick payment accounts.
7. Which banks do you cooperate with?
We only cooperate with first-class banks, which can provide you with all the services you may need (online banking, anonymous credit cards and debit cards), such as boa, Huamei bank, CIM bank, European Pacific Bank, etc.
8. Why open an offshore bank account for the company?
Offshore bank accounts provide a higher level of freedom, security and profitability, which is why you need to open an offshore bank account for the company to develop your business.
Many offshore countries guarantee bank secrecy. In some cases, bank secrecy laws are so strict that it is a criminal act for bank employees to disclose any information about bank accounts or their owners. The currency control of offshore countries is far less strict than that of high tax countries
In addition, offshore bank accounts can avoid the high service costs that have become part of domestic banking. Offshore banks usually offer very attractive interest rates. Offshore credit and debit cards provide a degree of privacy because all purchases are credited to offshore bank accounts.
At the same time, the financial strength of some offshore banks is even better than that of major domestic banks. This is because offshore banks must maintain a high ratio of current assets to accumulated debt.
For these reasons, it does make sense to open a bank account in an offshore jurisdiction, which is safe for domestic financial authorities, creditors, competitors, former spouses and others who may wish to misappropriate your wealth.
9. What are the costs of maintaining a bank account?
Bank charges depend on the institution holding your account.
The cost of maintaining the account is about $200 per year on average. As for us, once we open an account, we will not charge any fees.
10. What documents are needed to open a bank account for the company?
Bank documents usually require you to provide them
a. Certified copy of certificate of incorporation
b. Articles of association or memorandum and articles of Association
c. Resolution of the directors to open a bank account.
All banks are also required to prove beneficial ownership in the form of certified copies of passports and relevant resolutions of the board of directors.
The bank must understand the customer's business, so we will ask the customer to provide us with a detailed plan for the operation of the new company.
As a condition for opening new accounts, most banks require initial deposits, while some banks may insist on maintaining a substantial minimum balance.
11. Can I have a multi currency bank account?
After opening a bank account, you can choose a multi currency account. This will allow you to keep multiple currencies in the same account.
When using the new currency, the bank will automatically open a "sub account", so that you do not need to pay any exchange fees.
12. How do I use the funds in my offshore account?
Like any other bank account, the funds in your offshore company's bank account can be withdrawn through credit card / debit card, cheque, online banking or in the bank.