What are requirements for opening a bank account for company?
Banks normally require you to provide them with certified copies of a company’s certificate of incorporation, bylaws or Memorandum and Articles of Association, plus the resolution of the directors to open a bank account. All banks also require evidence of beneficial ownership in the form of certified copies of passports and the relevant resolutions by the Board. Banks have to know their customers’ business and therefore we will require clients to provide us with detailed plans for the new company’s operations. As a condition for opening a new account, most banks require that an initial deposit be placed, and some banks may insist that significant minimum balances be maintained.
- Must I wait for the whole completion of setting up my offshore company before opening a bank account for my company?
- Do I need to come to the bank in person to open an account?
- How long does the bank complete the process of bank account opening for a company?
- Does opening an offshore company mean that a bank account will automatically be opened for the company?
- Can I get a credit card and a ATM (debit) card with my corporate account?
- In which countries can you open a bank account for my company?
- Why open an offshore bank account for company?
- Which banks do you work with?
- What fees apply for maintaining the bank account?
- Can I have a bank account in different currencies?
- How can I use the funds from my offshore account?