Q- I am a Non-USA Citizen and would like to open a corporate bank account for my Corporation or LLC. Can you assist me with this?
A- Yes we can assist Non USA Citizens to open Corporate bank accoount for their corporation or LLC or any other USA legal entity.
Q-What would you require from me if I need a USA Bank Account set up for my business without the need to travel?
A- This service is one of the most needed services and also one that we need to ensure we know our client before we can assist them for obvious reasons. You will need to provide us with details of your identiy, proof of address and all of the required document must be notorised. We also need to know about the nature of your business, its track record and who the key directors /shareholders are. We do not offer this service to any client who is not prepared to provide us with the relevant documentation.
Q- How much do you charge for assisting clients to open a USA Bank Account if they are Non USA Citizens?
A- Our fees for this service starts from $750 and very much depends on the clients particular circumstances and what needs to be done. Our initial assessment of your current circumstances will enable us to determined whether we are able to accept you as a client or not. We only work with client that we know we will have 100% success rate with.
Q- How long will it take for my corporate bank account to be set up?
A- Usually it takes up to four weeks but this very much depends on how quickly the document required are sent to us.
Q- What kind of card will I get from the issuing bank?
A- You will be issued a debit card which can be used at any ATM around the world to withdraw funds. Of course you can withdraw funds via bank wire transfer as well. You will be assigned an account officer who will be your main contact person at the bank.
Q- What happens if you are unable to get my bank account set up?
A- This rarely happens if at all because we only accept clients who we know we can work with and be successful. In the event that we are unable to assist you to open your corporate bank account we will will fully refund your money back.
Q- At what points do I pay for the service?
A- Full payment is expected before we start working on your assignment. Payment can be made by credit card, debit card, western union or by cheque. Upon funds being cleared, we will start the project and expect you to provide us with all relevant documentation required.
Q- What types of business can expand overseas into the USA or European market?
A- There is no limit. Professional service providers and ecommerce businesses are just but few services. A business that sells physical goods can also expand into a new market.
Q- What structure should a business take when expanding into a new market?
A- A business can set up a subsidiary in the new market with the parent being in its own market. The subsidiaries are individual legal entities that are incorporated within the jurisdiction of the new market. Another business structure can be one that is an independent company in the new market and with no link to another company in the owners local market.
Q- How quickly can a business that want to expand into the USA or Europe gets incorporated by BSS?
A- In certain countries in Europe, the requirement for notorized document can make the process longer.Usually between 24hours to six weeks depending on individual circumstances.
Q- Do clients who want a business bank account need to travel to Europe to open one?
A- Not at all; there are documentation that the banks will require and as part of our services and links with the bank, we can assist client to open a bank account without the need to travel abroad. However there are some banks in Europe that require client to visit their office to finalise the paper work.
Q- What kind of document will the bank need from foreign customers?
A- To name a few the banks will need a certified copy of your passport and or driver license, proof of address and utility bills, copy of the incorporated certificated, in some cases a business plan and in the USA Fed Tax EIN.
Q- What about merchant accounts how can this be obtained as a foreign business?
A- Paypal is one of the fastest way to get a merchant account, however they will require the account to be linked to a business bank account and will also need to validate the business' credibility usually asking for proof of utility bills, incorporation and address. When a customer incorporates with us, they will be able to get all the necessary documentation to ensure they sign up for Paypal in the foreign country. Other merchant account we have links with should be able to assist.
Q- What are the services you offer clients who want to expand into the USA or Europe?
A- You will find details of or services on the top left hand corner of this page
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