Offshore Bank Account Benefits

Updated time: Jul 30, 2018 , 16:21 (UTC+08:00)

Our specialist team provides bank-account-opening support in many jurisdictions that are well known among the offshore community. Please see our fee schedule for our selection of recommended reputable banks in favourable jurisdictions, or contact our relationship managers for tailored advice.

Top 10 benefits of an offshore bank account

  • Operating bank accounts for your offshore company
  • International-business friendly
  • Fast, easy and convenient international payments
  • Supports multiple currencies, including: USD, EUR, GBP, HKD, SGD, AUD, CHF etc
  • Supports SWIFT/BIC, IBAN
  • Supports debit/credit cards and chequebooks in your business/personal name
  • Letters of credit (L/C)
  • Favourable transaction fees for inward and outward transactions
  • No money control
  • Reputable banks in many continents
  • Wealth management and asset protection

Application in a nutshell

1. Remote application

  • Cost and time efficiency: a personal visit is not required – travel-free and hassle-free.
  • 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.

2. Personal visit (shareholder and director)

  • Personal visit: an appointment for ‘know your client’ check and application signing by all related parties is required (normally applies for banks in Hong Kong, Singapore and Latvia).
  • Corporate solutions and SMEs in niche markets: our partnered banks in Singapore and Hong Kong offer many services benefiting corporates and SMEs in niche markets (subject to pre-approval checks).
  • Quality support: our specialist banking-support team will review, advise on and support you with the paperwork, then arrange a meeting with the bank at a convenient time for you.
  • Your bank account is usually ready within 10 working days, depending on your chosen bank.