What are requirements for opening a bank account for business?

Banks normally require you to provide them with certified copies of a company’s certificate of incorporation, bylaws or Memorandum and Articles of Association, plus the resolution of the directors to open a bank account. All banks also require evidence of beneficial ownership in the form of certified copies of passports and the relevant resolutions by the Board. Banks have to know their customers’ business and therefore we will require clients to provide us with detailed plans for the new company’s operations. As a condition for opening a new account, most banks require that an initial deposit be placed, and some banks may insist that significant minimum balances be maintained.

Relative FAQs

  1. Must I wait for the whole completion of setting up my offshore company before opening a bank account for my business?
  2. Open Business offshore bank account for your company - How it works?
  3. How long does the bank complete the process of bank account opening for a business?
  4. Can I get a credit card and a ATM (debit) card with my business account?
  5. Why open an offshore bank account for business?
2048 Bit SSL Certificate