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.
- Do I need to come to the bank in person to open an account?
- Must I wait for the whole completion of setting up my offshore company before opening a bank account for my company?
- Does opening an offshore company mean that a bank account will automatically be opened for the company?
- How long does the bank complete the process of bank account opening for a company?
- In which countries can you open a bank account for my company?
- Can I get a credit card and a ATM (debit) card with my corporate account?
- Which banks do you work with?
- Why open an offshore bank account for company?
- 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?