One IBC would like to send the best wishes to your business on the occasion of the new year 2021. We hope you will achieve incredible growth this year, as well as continue to accompany One IBC on the journey to go global with your business.
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To open bank accounts in Hong Kong and Singapore, personal visit is a must.
However, for other jurisdictions, such as Switzerland, Mauritius, St Vincent etc, you can leave most of the work to our expert team and enjoy the benefit of remote application. The whole procedure can be completed online and via courier (apart from a few exceptions).
Better yet, a customised personal meeting with our partnered Bank Account Manager can be arranged if you wish.
This is a must. Most banks require the company KYC documents to have a certain degree of legal notary as eligibility.
No. If you tick the bank account opening option, we shall-in close collaboration with yourself-choose the bank which most suits your needs from among our network of prime banks.
The bank will then decide if the account can be opened, depending on how comfortable they are with the nature of your business and the personal information provided by you.
We can support you to open bank accounts in Hong Kong, Singapore, Switzerland, Mauritius, St. Vincent and the Grenadines and Latvia.
Depending. This is subjected to bank service.
We only work with first class banks, which are able to offer you all the services you may require (internet banking, anonymous credit and debit cards) like:
An offshore bank account gives a higher level of freedom, security, and profitability that why open an offshore bank account for the company to grow your business.
Many offshore countries guarantee bank secrecy. In some, bank secrecy laws are so strict that it is a crime for a bank employee to disclose any information about a bank account or its owner. Currency control in offshore countries is considerably less rigid than in high-tax countries. (Also read: Bank account with multiple currencies)
Moreover, offshore bank accounts are able to avoid the high service costs that have become a part of domestic banking. Offshore banks normally offer very attractive interest rates. Offshore credit and debit cards afford a certain level of privacy since all purchases are debited to the offshore bank account.
At the same time, some offshore banks are financially stronger and better managed than even major domestic banks. This is the case because an offshore bank must maintain a higher ratio of liquid assets to accumulated debts.
For the above mentioned reasons it could indeed make sense to operate a bank account in an offshore jurisdiction where it is safe from domestic fiscal authorities, creditors, competitors, ex- spouses and other who might wish to appropriate your wealth.
The banking fees depend on the establishment holding your account.
On average the fees for maintaining the account come to around Euro 200 per year. As for us, we do not charge any further fees once the account has been opened.
Also read: Requirements for opening a bank account
Bank documents normally require you to provide them with
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.
Once the bank account has been opened, you can choose a multi-currency account. This will allow you to keep several currencies in the same account.
When a new currency is used, the bank will automatically open a "sub-account" so that you do not have to pay any exchange fees.
As with any other bank account, the funds of your offshore company bank account will be accessible through credit/debit cards, cheques, Internet banking or withdrawal at the bank.
The beginning of the new year is a fantastic time to start new businesses, to reach out to new customers. Thus, a Hong Kong company would definitely be a prime choice for investors that want to operate the business in Asia.
There are four rank levels of ONE IBC membership. Advance through three elite ranks when you meet qualifying criteria. Enjoy elevated rewards and experiences throughout your journey. Explore the benefits for all levels. Earn and redeem credit points for our services.
Earn Credit Points on qualifying purchasing of services. You’ll earn credit Points for every eligible U.S. dollar spent.
Spend credit points directly for your invoice. 100 credit points = 1 USD.
We cover the market with an ever-growing network of business and professional partners that we actively support in terms of professional support, sales, and marketing.
We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.