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Remote Application

Remote Application

Submit application online

Cost and time efficiency. Especially for those who prefer using nominee structure or have a complicated company structure.

Apply from home: submit supporting documents depending on the prerequisites of your chosen bank.

Quality support: our specialist banking-support team will review, advise on and support you with the paperwork.

Your bank account is usually ready in 10 working days, depending on your chosen bank.

Personal Visit

Personal Visit

The shareholder and director will visit the bank office for the meeting with the bank staff

An appointment for ‘know your client’ check and application signing by all related parties is required (normally applies for banks in Hong Kong, Singapore).

Undoubtedly, wide range of services in Hong Kong and Singapore Banks, which we have meaningful relationship with, will meet your expectations.

Our dedicated bank team will help you out with preparing a decent portfolio before the interview.

All Jurisdictions

Offshore Company Corp provides Account Opening Consultancy in many jurisdictions that are well known. Please see our offer reputable banks in favorable jurisdictions, or contact our relationship managers for tailored advice.

Asia Pacific

Hong Kong, China Hong Kong, China
HSBC Bank
Website www.hsbc.com.hk
Bank Name HSBC Bank
Initial Deposit HKD 10,000
Average Time 2 - 4 working days
Remarks Personal Visit
Service Fee US$ 899.00
ICICI Bank Hong Kong
Website www.icicibank.hk
Bank Name ICICI Bank Hong Kong
Initial Deposit HKD 10,000
Average Time 4 - 6 working days
Remarks Personal Visit
Service Fee US$ 899.00
Hang Seng Bank
Website www.hangseng.com
Bank Name Hang Seng Bank
Initial Deposit HKD 10,000
Average Time 4 - 8 working days
Remarks Personal Visit
Service Fee US$ 899.00
Standard Chartered Hong Kong Limited
Website www.sc.com/hk
Bank Name Standard Chartered Hong Kong Limited
Initial Deposit HKD 50,000
Average Time 4 - 6 working days
Remarks Personal Visit, HK resident OR HK company
Service Fee US$ 899.00
OCBC Wing Hang HK Bank
Website www.ocbcwhhk.com
Bank Name OCBC Wing Hang HK Bank
Initial Deposit HKD 50,000
Average Time 4 - 6 working days
Remarks Personal Visit
Service Fee US$ 899.00
Bank of China
Website www.bochk.com/en/home.html
Bank Name Bank of China
Initial Deposit HKD 300,000
Average Time 3 - 7 working days
Remarks Personal Visit
Service Fee US$ 899.00
DBS Bank Limited
Website www.dbs.com.hk
Bank Name DBS Bank Limited
Initial Deposit USD 10,000
Average Time 4-6 working days
Remarks Personal Visit
Service Fee US$ 899.00
Currenxie
Website https://www.currenxie.com/en-hk/
Bank Name Currenxie
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Airwallex
Website https://www.airwallex.com/
Bank Name Airwallex
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Statrys
Website https://statrys.com/
Bank Name Statrys
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Rapyd
Website https://www.rapyd.net/
Bank Name Rapyd
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Malaysia Malaysia
Standard Chartered Bank (Malaysia)
Website www.sc.com/my
Bank Name Standard Chartered Bank (Malaysia)
Initial Deposit USD 20,000
Average Time 4-6 working days
Remarks Personal Visit
Service Fee US$ 899.00
Singapore Singapore
HSBC Singapore Ltd
Website www.hsbc.com.sg
Bank Name HSBC Singapore Ltd
Initial Deposit SGD 30,000
Average Time 5 - 7 days
Remarks Personal Visit
Service Fee US$ 899.00
DBS Bank Limited
Website www.dbs.com.sg
Bank Name DBS Bank Limited
Initial Deposit USD/SGD 100,000
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00
OCBC Bank
Website www.ocbc.com
Bank Name OCBC Bank
Initial Deposit SGD 30,000
Average Time 2 - 4 days
Remarks Non-Singapore companies, Personal visit required at nearby branch
Service Fee US$ 899.00
Standard Chartered Bank Limited
Website www.sc.com/sg
Bank Name Standard Chartered Bank Limited
Initial Deposit SGD 30,000
Average Time 4 - 6 days
Remarks Personal Visit, SG resident OR SG Company
Service Fee US$ 899.00
Maybank
Website info.maybank2u.com.sg
Bank Name Maybank
Initial Deposit USD/SGD 1,000
Average Time Preliminary Review: 3-4 Working Days
Remarks Personal Visit
Service Fee US$ 899.00
United Overseas Bank Limited Co
Website www.uobgroup.com
Bank Name United Overseas Bank Limited Co
Initial Deposit USD/SGD 25,000
Average Time Preliminary Review: 3-4 Working Days
Remarks Personal Visit
Service Fee US$ 899.00
Aspire
Website https://aspireapp.com/
Bank Name Aspire
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Wallex
Website https://www.wallex.asia/
Bank Name Wallex
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
IN Financial Technologies
Website https://www.inft.co/
Bank Name IN Financial Technologies
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Vanuatu Vanuatu
Pacific Private Bank
Website www.pacificprivatebank.com
Bank Name Pacific Private Bank
Initial Deposit USD 1,500
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Vietnam Vietnam
Vietcombank
Website www.vietcombank.com.vn
Bank Name Vietcombank
Initial Deposit
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00
Standard Chartered Bank (Vietnam) Limited
Website www.sc.com/vn
Bank Name Standard Chartered Bank (Vietnam) Limited
Initial Deposit
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00
HSBC Bank (Vietnam) Ltd
Website www.hsbc.com.vn
Bank Name HSBC Bank (Vietnam) Ltd
Initial Deposit
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00
CITIBANK Vietnam
Website www.citibank.com.vn
Bank Name CITIBANK Vietnam
Initial Deposit
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00
Vietnam Technological and Commercial Joint- stock Bank - Techcombank
Website www.techcombank.com.vn
Bank Name Vietnam Technological and Commercial Joint- stock Bank - Techcombank
Initial Deposit
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00

Europe

Lithuania Lithuania
Switzerland Switzerland
CIM Banque
Website www.cimbanque.com
Bank Name CIM Banque
Initial Deposit USD/CHF 10,000
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
United Kingdom United Kingdom
MultiPass
Website https://multipass.co/
Bank Name MultiPass
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00

Caribbean

Belize Belize
Belize Bank International
Website www.belizebankinternational.com
Bank Name Belize Bank International
Initial Deposit USD 1,000
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Caye International Bank
Website www.cayebank.bz
Bank Name Caye International Bank
Initial Deposit USD 1,000
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
British Virgin Islands British Virgin Islands
Bank of Asia
Website https://www.bankasia.com/
Bank Name Bank of Asia
Initial Deposit US$ 20,000
Average Time 1-2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Canada Canada
DNBC Financial Group
Website https://www.dnbcgroup.com/
Bank Name DNBC Financial Group
Initial Deposit EUR 3,000
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 0.00
Cayman Islands Cayman Islands
FirstCaribbean International Bank
Website https://www.cibcfcib.com/
Bank Name FirstCaribbean International Bank
Initial Deposit US$ 10,000
Average Time 1-2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Puerto Rico (U.S. territory) Puerto Rico (U.S. territory)
CB International Bank
Website https://www.cbibank.com/
Bank Name CB International Bank
Initial Deposit Not required
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Saint Kitts and Nevis Saint Kitts and Nevis
Bank of Nevis International
Website www.boniltd.com
Bank Name Bank of Nevis International
Initial Deposit USD 10,000
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
International Merchant Bank Limited
Website https://www.imbltd.com/
Bank Name International Merchant Bank Limited
Initial Deposit US$ 25,000
Average Time 1-2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Saint Lucia Saint Lucia
PROVEN Bank
Website https://stlucia.provenbank.com/
Bank Name PROVEN Bank
Initial Deposit US$ 5,000
Average Time 1-2 weeks
Remarks Remote Application
Service Fee US$ 899.00

Middle East

United Arab Emirates (UAE) United Arab Emirates (UAE)
Emirates NBD Bank
Website www.emiratesnbd.com
Bank Name Emirates NBD Bank
Initial Deposit AED 50,000
Average Time 3 - 7 days
Remarks Personal Visit Emirates NBD Bank only support ICC/FTZ/FZ company in UAE/RAK
Service Fee US$ 899.00
Emirates Islamic Bank
Website www.emiratesislamic.ae
Bank Name Emirates Islamic Bank
Initial Deposit AED 10,000
Average Time 1 - 2 weeks
Remarks Personal Visit
Service Fee US$ 899.00

Africa

Mauritius Mauritius
MauBank Ltd
Website www.maubank.mu/en
Bank Name MauBank Ltd
Initial Deposit 5,000 (GBP, USD, EUR, CHF, AUD or ZAR: 5,000)
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 2,600.00
Bank One
Website www.bankone.mu
Bank Name Bank One
Initial Deposit USD 5,000
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 2,600.00

America

United States of America United States of America
Mercury
Website https://mercury.com/
Bank Name Mercury
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00

Asia Pacific

See more jurisdiction and the list of offshore banks we offer in the Asia Pacific for your account. Choose and open your account now, our customer relationship managers are here to support you.

Hong Kong, China Hong Kong, China
HSBC Bank
Website www.hsbc.com.hk
Bank Name HSBC Bank
Initial Deposit HKD 10,000
Average Time 2 - 4 working days
Remarks Personal Visit
Service Fee US$ 899.00
ICICI Bank Hong Kong
Website www.icicibank.hk
Bank Name ICICI Bank Hong Kong
Initial Deposit HKD 10,000
Average Time 4 - 6 working days
Remarks Personal Visit
Service Fee US$ 899.00
Hang Seng Bank
Website www.hangseng.com
Bank Name Hang Seng Bank
Initial Deposit HKD 10,000
Average Time 4 - 8 working days
Remarks Personal Visit
Service Fee US$ 899.00
Standard Chartered Hong Kong Limited
Website www.sc.com/hk
Bank Name Standard Chartered Hong Kong Limited
Initial Deposit HKD 50,000
Average Time 4 - 6 working days
Remarks Personal Visit, HK resident OR HK company
Service Fee US$ 899.00
OCBC Wing Hang HK Bank
Website www.ocbcwhhk.com
Bank Name OCBC Wing Hang HK Bank
Initial Deposit HKD 50,000
Average Time 4 - 6 working days
Remarks Personal Visit
Service Fee US$ 899.00
Bank of China
Website www.bochk.com/en/home.html
Bank Name Bank of China
Initial Deposit HKD 300,000
Average Time 3 - 7 working days
Remarks Personal Visit
Service Fee US$ 899.00
DBS Bank Limited
Website www.dbs.com.hk
Bank Name DBS Bank Limited
Initial Deposit USD 10,000
Average Time 4-6 working days
Remarks Personal Visit
Service Fee US$ 899.00
Currenxie
Website https://www.currenxie.com/en-hk/
Bank Name Currenxie
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Airwallex
Website https://www.airwallex.com/
Bank Name Airwallex
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Statrys
Website https://statrys.com/
Bank Name Statrys
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Rapyd
Website https://www.rapyd.net/
Bank Name Rapyd
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Malaysia Malaysia
Standard Chartered Bank (Malaysia)
Website www.sc.com/my
Bank Name Standard Chartered Bank (Malaysia)
Initial Deposit USD 20,000
Average Time 4-6 working days
Remarks Personal Visit
Service Fee US$ 899.00
Singapore Singapore
HSBC Singapore Ltd
Website www.hsbc.com.sg
Bank Name HSBC Singapore Ltd
Initial Deposit SGD 30,000
Average Time 5 - 7 days
Remarks Personal Visit
Service Fee US$ 899.00
DBS Bank Limited
Website www.dbs.com.sg
Bank Name DBS Bank Limited
Initial Deposit USD/SGD 100,000
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00
OCBC Bank
Website www.ocbc.com
Bank Name OCBC Bank
Initial Deposit SGD 30,000
Average Time 2 - 4 days
Remarks Non-Singapore companies, Personal visit required at nearby branch
Service Fee US$ 899.00
Standard Chartered Bank Limited
Website www.sc.com/sg
Bank Name Standard Chartered Bank Limited
Initial Deposit SGD 30,000
Average Time 4 - 6 days
Remarks Personal Visit, SG resident OR SG Company
Service Fee US$ 899.00
Maybank
Website info.maybank2u.com.sg
Bank Name Maybank
Initial Deposit USD/SGD 1,000
Average Time Preliminary Review: 3-4 Working Days
Remarks Personal Visit
Service Fee US$ 899.00
United Overseas Bank Limited Co
Website www.uobgroup.com
Bank Name United Overseas Bank Limited Co
Initial Deposit USD/SGD 25,000
Average Time Preliminary Review: 3-4 Working Days
Remarks Personal Visit
Service Fee US$ 899.00
Aspire
Website https://aspireapp.com/
Bank Name Aspire
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Wallex
Website https://www.wallex.asia/
Bank Name Wallex
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
IN Financial Technologies
Website https://www.inft.co/
Bank Name IN Financial Technologies
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
Vanuatu Vanuatu
Pacific Private Bank
Website www.pacificprivatebank.com
Bank Name Pacific Private Bank
Initial Deposit USD 1,500
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Vietnam Vietnam
Vietcombank
Website www.vietcombank.com.vn
Bank Name Vietcombank
Initial Deposit
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00
Standard Chartered Bank (Vietnam) Limited
Website www.sc.com/vn
Bank Name Standard Chartered Bank (Vietnam) Limited
Initial Deposit
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00
HSBC Bank (Vietnam) Ltd
Website www.hsbc.com.vn
Bank Name HSBC Bank (Vietnam) Ltd
Initial Deposit
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00
CITIBANK Vietnam
Website www.citibank.com.vn
Bank Name CITIBANK Vietnam
Initial Deposit
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00
Vietnam Technological and Commercial Joint- stock Bank - Techcombank
Website www.techcombank.com.vn
Bank Name Vietnam Technological and Commercial Joint- stock Bank - Techcombank
Initial Deposit
Average Time 2 - 4 days
Remarks Personal Visit
Service Fee US$ 899.00

Europe

See more jurisdiction and the list of offshore banks we offer in the Europe for your account. Choose and open your account now, our customer relationship managers are here to support you.

Lithuania Lithuania
Switzerland Switzerland
CIM Banque
Website www.cimbanque.com
Bank Name CIM Banque
Initial Deposit USD/CHF 10,000
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
United Kingdom United Kingdom
MultiPass
Website https://multipass.co/
Bank Name MultiPass
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00

Caribbean

See more jurisdiction and the list of offshore banks we offer in the Caribbean for your account. Choose and open your account now, our customer relationship managers are here to support you.

Belize Belize
Belize Bank International
Website www.belizebankinternational.com
Bank Name Belize Bank International
Initial Deposit USD 1,000
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Caye International Bank
Website www.cayebank.bz
Bank Name Caye International Bank
Initial Deposit USD 1,000
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
British Virgin Islands British Virgin Islands
Bank of Asia
Website https://www.bankasia.com/
Bank Name Bank of Asia
Initial Deposit US$ 20,000
Average Time 1-2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Canada Canada
DNBC Financial Group
Website https://www.dnbcgroup.com/
Bank Name DNBC Financial Group
Initial Deposit EUR 3,000
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 0.00
Cayman Islands Cayman Islands
FirstCaribbean International Bank
Website https://www.cibcfcib.com/
Bank Name FirstCaribbean International Bank
Initial Deposit US$ 10,000
Average Time 1-2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Puerto Rico (U.S. territory) Puerto Rico (U.S. territory)
CB International Bank
Website https://www.cbibank.com/
Bank Name CB International Bank
Initial Deposit Not required
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Saint Kitts and Nevis Saint Kitts and Nevis
Bank of Nevis International
Website www.boniltd.com
Bank Name Bank of Nevis International
Initial Deposit USD 10,000
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 899.00
International Merchant Bank Limited
Website https://www.imbltd.com/
Bank Name International Merchant Bank Limited
Initial Deposit US$ 25,000
Average Time 1-2 weeks
Remarks Remote Application
Service Fee US$ 899.00
Saint Lucia Saint Lucia
PROVEN Bank
Website https://stlucia.provenbank.com/
Bank Name PROVEN Bank
Initial Deposit US$ 5,000
Average Time 1-2 weeks
Remarks Remote Application
Service Fee US$ 899.00

Middle East

See more jurisdiction and the list of offshore banks we offer in the Middle East for your account. Choose and open your account now, our customer relationship managers are here to support you.

United Arab Emirates (UAE) United Arab Emirates (UAE)
Emirates NBD Bank
Website www.emiratesnbd.com
Bank Name Emirates NBD Bank
Initial Deposit AED 50,000
Average Time 3 - 7 days
Remarks Personal Visit Emirates NBD Bank only support ICC/FTZ/FZ company in UAE/RAK
Service Fee US$ 899.00
Emirates Islamic Bank
Website www.emiratesislamic.ae
Bank Name Emirates Islamic Bank
Initial Deposit AED 10,000
Average Time 1 - 2 weeks
Remarks Personal Visit
Service Fee US$ 899.00

Africa

See more jurisdiction and the list of offshore banks we offer in the Africa for your account. Choose and open your account now, our customer relationship managers are here to support you.

Mauritius Mauritius
MauBank Ltd
Website www.maubank.mu/en
Bank Name MauBank Ltd
Initial Deposit 5,000 (GBP, USD, EUR, CHF, AUD or ZAR: 5,000)
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 2,600.00
Bank One
Website www.bankone.mu
Bank Name Bank One
Initial Deposit USD 5,000
Average Time 1 - 2 weeks
Remarks Remote Application
Service Fee US$ 2,600.00

America

See more jurisdiction and the list of offshore banks we offer in the America for your account. Choose and open your account now, our customer relationship managers are here to support you.

United States of America United States of America
Mercury
Website https://mercury.com/
Bank Name Mercury
Initial Deposit Not required
Average Time 3-5 working days
Remarks Remote Application
Service Fee US$ 899.00
What Banking facilities are available?

What banking facilities are available?

  • Multi-currency accounts
  • E-banking (Mobile/Internet Banking)
  • Trading account (Stock, bonds, Forex ... support)
  • Credit card and debit card
  • Dedicated client support
  • Global standard secured banking system
  • International Payments

Our network partner reputation banks

HSBC Hong Kong
Bank of China
OCBC Wing Hang Bank Limited
CIM Banque
Bank One
Emirates NBD Bank
Standard Chartered Bank (Hong Kong) Limited
DBS Bank Limited (SG)

Account Opening Fee

From

US$ 499 Account Opening Fee
  • Easy process
  • Our dedicated manager support
  • Provides maximum confidentiality
  • Support over 25 countries/jurisdictions
  • Just Order, We Do All For You
Merchant Account Online Services

Merchant Account Online Services

Nowadays, Offshore Customers don’t have many banking options. One option is to pursue high-risk merchant accounts that require a great deal of paperwork and higher fees or to incorporate in a “first world” jurisdiction, though it’s likely subject to higher expenditures.

This problem will be no more as Offshore Company Corp provides a complete suite granting access to financial services creates opportunity and provides a full range of

  • Payment Gateway,
  • Risk Management, Risk Avoidance
  • Services for card transactions
  • Alternative Payment methods

We are dedicated to serve and empower businesses to join and thrive in the international economy by the most reliable Merchant Account from international organizations: PayCEC, Stripe, Paypal, 2Checkout, etc.

FAQs

FAQs

1. Do I need to come to the bank in person to open an account?

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.

Read more:

2. Must I wait for the whole completion of setting up my offshore company before opening a bank account for my company?

This is a must. Most banks require the company KYC documents to have a certain degree of legal notary as eligibility.

3. Can a BVI company open a bank account in Singapore?

Yes, it is generally possible for a BVI (British Virgin Islands) company to open a bank account in Singapore. However, the specific requirements for opening a bank account in Singapore may vary depending on the bank and the type of account being opened. Some common requirements for opening a bank account in Singapore include providing proof of identity and address for the company's directors and shareholders, as well as providing documentation related to the company's business activities and financial history. In addition to these requirements, banks in Singapore may also require that the BVI company provide proof of incorporation, a business plan, and other documents as needed.

It is generally a good idea to contact the bank directly to determine the specific requirements for opening a bank account, as these requirements can vary from bank to bank and may change over time. In some cases, it may also be helpful to work with a local representative or corporate service provider who can assist with the process of opening a bank account in Singapore.

4. Do BVI companies have tax numbers?

BVI (British Virgin Islands) companies are generally not required to obtain a tax number or pay taxes on their business income in the British Virgin Islands. The British Virgin Islands has a territorial tax system, which means that taxes are only levied on income that is earned within the territory. As a result, BVI companies are generally not required to pay taxes on income that is earned outside of the British Virgin Islands.

However, it is important to note that this does not necessarily mean that BVI companies are not subject to taxes in other countries. Many countries have tax laws that apply to foreign businesses that operate within their borders or that derive income from their markets. As a result, it is possible that a BVI company may be required to pay taxes in other countries where it does business, depending on the specific tax laws of those countries.

It is a good idea for BVI companies to carefully review the tax laws of any country in which they do business and to seek advice from a tax professional if necessary to ensure that they are in compliance with all applicable tax requirements.

5. Who is a beneficial owner of a BVI company?

A beneficial owner of a BVI (British Virgin Islands) company is an individual or entity that ultimately owns or controls the company, either directly or indirectly, through a chain of ownership or by other means. In the context of a BVI company, the beneficial owner is typically the person or entity that ultimately benefits from the company's profits or assets, even if they do not have legal ownership of the company.

In some cases, the beneficial owner of a BVI company may be the same as the legal owner, such as when an individual or entity directly owns shares in the company. However, in other cases, the beneficial owner may be different from the legal owner, such as when the company's ownership is structured through a series of intermediaries or trusts.

It is important to identify the beneficial owner of a BVI company because this information can be used to help understand the ownership and control structure of the company, and may be required for regulatory or compliance purposes. In some cases, BVI companies may be required to disclose information about their beneficial owners to authorities or other third parties, such as banks or financial institutions.

6. Can I open a bank account in the UK for a BVI company?

Yes, it is generally possible for a BVI (British Virgin Islands) company to open a bank account in the UK. However, the specific requirements for opening a bank account in the UK may vary depending on the bank and the type of account being opened. Some common requirements for opening a bank account in the UK include providing proof of identity and address for the company's directors and shareholders, as well as providing documentation related to the company's business activities and financial history.

In addition to these requirements, banks in the UK may also require that the BVI company provide proof of incorporation, a business plan, and other documents as needed. It is generally a good idea to contact the bank directly to determine the specific requirements for opening a bank account, as these requirements can vary from bank to bank and may change over time. In some cases, it may also be helpful to work with a local representative or corporate service provider who can assist with the process of opening a bank account in the UK.

7. Can a BVI company open a bank account in Hong Kong?

Yes, it is generally possible for a BVI (British Virgin Islands) company to open a bank account in Hong Kong. However, the specific requirements for opening a bank account in Hong Kong may vary depending on the bank and the type of account being opened. Some common requirements for opening a bank account in Hong Kong include providing proof of identity and address for the company's directors and shareholders, as well as providing documentation related to the company's business activities and financial history.

In addition to these requirements, banks in Hong Kong may also require that the BVI company provide proof of incorporation, a business plan, and other documents as needed. It is generally a good idea to contact the bank directly to determine the specific requirements for opening a bank account, as these requirements can vary from bank to bank and may change over time. In some cases, it may also be helpful to work with a local representative or corporate service provider who can assist with the process of opening a bank account in Hong Kong.

8. Who can open a bank account for an LLC?

To deposit a customer's check or pay for a business expense, you'll need to open a business bank account in the name of your limited liability company (LLC). It may appear to be a hassle, especially in the early days of running your business when things are hectic and you're trying to keep both feet on the ground while meeting all of the new demands that a new business places on you, but it is necessary.

After you've gathered all of the necessary documentation, you can meet with your banker to open a bank account for your LLC. Doing your research ahead of time and bringing all of the necessary documentation will make this final step in the process much easier.

A separate business bank account is not only required for your LLC, but it will also assist you with many practical aspects of running your business, such as accounting for expenses, paying business bills, and depositing customer payments. Furthermore, using your bank account responsibly will help you build a stronger relationship with your bank, which will be especially useful if your LLC needs credit in the future.

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Better services - better price 15% off on company formation fee

October sale is now ON - Get your seasonal packages for Seychelles company formation

One IBC Club

One IBC Club

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.

Earning points
Earn Credit Points on qualifying purchasing of services. You’ll earn credit Points for every eligible U.S. dollar spent.

Using points
Spend credit points directly for your invoice. 100 credit points = 1 USD.

Partnership & Intermediaries

Partnership & Intermediaries

Referral Program

  • Become our referer in 3 simple steps and earn up to 14% commission on every client you introduce to us.
  • More Refer, More Earning!

Partnership Program

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.

Jurisdiction Update

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About Us

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.

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