One of the first and most crucial tasks that you will need to undertake in order to establish your foriegn owned company is to open a local bank account in your country of choice.

It sounds easy, it should be easy… but frequently it isn’t. In fact, sometimes it can feel like certain banks go out of their way to make it difficult!

The long walk to the bank a number of banks require applicants to visit the bank in person in order to open their account, which is fine if you’re a USA  company and you want to open an account in USA or if you are a British company and want to open an account in UK. However, it’s not quite as convenient for those of us living outside USA or UK respectively.

There are some banks that won’t even talk to you unless your annual turnover is in excess of €1 million. This isn’t much help if you want to get your foreign owned  company up and running as quickly and cost-efficiently as possible.

Our aim is to make the whole process as quick and painless as possible. You can also be assured of personal service from our staff every step of the way.

Through our knowledge of local banking regulations and our relationships with major banking groups  we cut through the red tapes.  Where banks require you to visit in person, we will have a local representative on hand to assist you through this sometimes daunting process and we can negotiate a low minimum turnover threshold subject to certain minimum criteria.

In order to be eligible for this service, we require you to provide us with proof of identity and your local address, as well as details of your business. This means we will need a copy of your passport (for Delaware in particular and in some other regions, you need to get this notorized), a copy of your driving license, a copy of your most recent utility bills (electricity, heating, telephone etc), a copy of three months bank statement with your address on it (you can blank out the bank account and sort code information). In regards details of your business, we need to know the business name (if one is already been incorporated), date it was incorporated and the purpose of your business and why it is trading in the USA. We provide assistance with the paper work but it is vital that we know who our client is and the bank needs to know who you are too, which is why the information about is requested. For Delaware Bank Account our fee is $750 (and this fee comes with a guarantee that you will get a corporate bank account or your money will be refunded in full to you). Finally, if you are purchasing other services of ours aside the bank account you will get up to 20% discount on this fee depending on your order value. To find out more about how we can help you solve your banking requirements, please contact us via online enquiry form or by phone.