Bank Accounts

We can help to open Bank accounts in 50+ countries.

The natural functioning of the business is possible only if you have an open bank account, or better – in several, mainly if the company is conducted in several jurisdictions. A bank account is not only a necessity for doing business but also one of the factors confirming legality and reliability. Opening a bank account in a foreign bank is one of the primary services provided by Zelwin Agency partner-lawyers worldwide.

Lawyers are ready to advise in full detail on the specifics of opening an account in your case and to accompany the procedure for opening such an account from the decision to open until the last transaction on the statement. In addition, lawyers are ready to advise on all the nuances of opening an account in a foreign bank and why to do it within the framework of your business case.

Opening a foreign account seems to be a beneficial option in many cases of foreign business, taking into account the following nuances:

– the need to ensure the confidentiality of the business, as well as the data of the beneficiaries;
– doing business involving businesses and banking institutions in low-tax jurisdictions (local banking institutions provide favorable financing terms, relatively low and sometimes even low service rates, have flexible currency control rules, as well as simplified record-keeping requirements);
– opening accounts for settlements with business partners from specific regions, such as Europe;
– business protection, as well as reduction of related financial and economic risks (fluctuations in exchange rates, inflation, and other factors);
– ease of filling out documents and maintaining records.

The benefits of opening foreign bank accounts for non-residents are not limited to those listed above. Our partner-lawyers can help identify options for opening foreign accounts that will help maximize the benefits of doing business and holding money overseas. Provide input to the lawyers for individualized advice on the issue.

It is not always possible to open an account with a foreign bank because of local restrictions. For example, in some jurisdictions, only a resident of the bank’s jurisdiction can do so. Nevertheless, the option of opening an EMI account offers several unique advantages:

– no minimum deposit requirements;
– simplified compliance rules;
– no limits on closing transactions on the account;
– high level of confidentiality of the owners’ data due to the absence of exchange of tax information;
– provision of additional guarantees of safety of funds if a certain threshold is exceeded.

Suppose you set yourself the task of opening an account in a foreign bank. In that case, ouw partner-lawyers are ready to consider the business case carefully and answer the question “can I open an account in a foreign bank?” in your case, as well as in which jurisdiction this option will be available to you and most advantageous.
For example, many banks in Singapore and Hong Kong refused to open a bank account for foreign nationals from the CIS. Therefore, our lawyers will help you to avoid the risks of rejection and loss of time by selecting the options for opening a bank account that is most suitable for your business case. In particular, the lawyers will help in the successful implementation of the following actions:

– consider the background of the case and suggest the most appropriate options for opening an account abroad;
– make a plan on how to register a foreign bank account in your case;
– help you take advantage of the option of opening a foreign bank account remotely, where available;
– will accompany the procedure for opening a foreign account, including negotiations with foreign bank officials;
– provide further legal support in possible problematic situations that may arise during the operation of a foreign bank account.

Zelwin’s range of services is not limited to those mentioned above.

Lawyers are prepared to find a suitable low-tax jurisdiction for your case, optimize the amount of taxes to be paid, and help obtain a residence permit in a foreign jurisdiction. In addition, we will gladly provide legal support in opening a corporate or personal account in a foreign bank. Provide information for your case.