Opening an account in a foreign bank

in hive-185538 •  4 years ago 

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Every entrepreneur who wants to register a business abroad must open a bank account. But, every day the procedure becomes more complicated than before. Only professional lawyers will be able to understand the peculiarities of the laws of different countries of the world. They regularly review innovations, analyze and apply the knowledge gained in their work.

What documents are needed to open an account in a foreign bank

  1. Personal data of the applicant and those who will be related to the opened account. These are: passports, address and personal data, identification codes, certificates, resumes and questionnaires.

  2. Corporate package of documents. Originals of employment contracts, articles of association of a company or organization, orders by which directors and other managers of the enterprise were appointed.

  3. Information about the business itself. That is, what is planned to be done, what products will be sold and the possible production of goods. It is necessary to indicate for what purpose the account is opened. Direction of use of funds. Planned cash flow. The main sources of income, the origin of funds.

  4. Documents, reports, allowing you to confirm that the entrepreneur has paid all the necessary taxes and fees.

  5. Funds will be credited to the opened account. Accordingly, foreign banks require the source of the capital to be indicated. They check them for involvement in crime.

  6. It is required to provide information on the availability of accounts in other banks. This applies to both the manager, the business owner and the beneficiaries. That is, you need to indicate the data in other banks of all persons who will be directly related to the account being torn off.

  7. Package of recommendations. They must be from representatives of other financial institutions, business partners, suppliers and other persons, companies.

It must be remembered that each country has internal laws. Banks can and have the right to demand additional data from a potential client. Only a team of professional lawyers can quickly collect a full package of documents and send them to the chosen bank. The account will be opened as soon as possible. The client only needs to select the country and financial institution in which to open an account. Lawyers will independently submit documents and receive an answer. The account will be opened as quickly as possible.


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