Bank accounts
Opening foreign bank account Which bank are you interested in? Reliable and authoritative? Easy manageable and inexpensive in…
Opening foreign bank account
Which bank are you interested in?
Reliable and authoritative? Easy manageable and inexpensive in maintaining?
Which account do you need?
Corporative or personal? Trade or savings account?
Opening a bank account in foreign bank is an obvious step after purchasing/registration an offshore company. The purpose of opening such an account is in servicing of the offshore companies. Also, abroad accounts are opened to save earned money on safer financial and legal conditions. You can also have other goals for owning a foreign bank account that cannot be provided by domestic financial institutions.
When choosing a bank you will have to balance between the confidentiality and possibility of trust account management, reliability and reputation of the foreign bank and its attitude to origin of your capital, country of incorporation.
Before you open a bank account you have to clearly define the purpose of opening the account. This may be a settlement and cash services of enterprises commercial activities, secure storage of the accumulated funds, investing in banking products, low risk securities, etc.
How to choose a reliable foreign bank?
1. STRONG ECONOMY
– Jurisdiction of the bank must have a strong economy with sufficiently stable currency.
2. THE BANK’S REPUTATION
– Read as much information about the bank as you can, its history, and who are its shareholders.
3. BANKING SERVICE
– Call the bank in order to find out the service level, what advantages can it offer to you and whether there is a bank manager who talks your language.
4. BANK SECRECY
– Inquire about secrecy in bank of your choice and whether the bank discloses confidential information about their clients.
5. VISIT TO THE BANK
– Some foreign banks demand a personal meeting with a client when opening an account, and for other banks it is enough to send customer identification documents by email. Find out the account opening procedure at your bank.
About partners banks and the procedure
SBSB cooperates with over 100 world banks.
For many partnership agreements we have the right of documents certification and identification of company beneficial owners. This means that in order to open a bank account, you need to meet only with our company employee, there is no need to go to the bank. However, this practice is not applicable to all banks.
In general, the opening of the bank account takes about 2 weeks. If you open an account without the help of qualified lawyers, the procedure can take up to a month or more.
All client support and online banking is carried out in English. The person who will manage this account must be fluent in English, in order to unprecedentedly, easily perform bank transfers.
European banks
Very simple and easy-to-use are the banks in Latvia and Estonia. The big plus of the Baltic banks is that the customer support banking is held in Russian. A Russian-speaking manager who helps you with the difficulties of the translation and other issues on the account is included.
SBSB offers accounts opening in banks of Estonia, Latvia, Hungary, Cyprus and Malta.
Opening an account for a forex company
We offer a unique opportunity to open a corporate account for your forex company.
We know that banks often refuse forex companies to open an account. This is due to the fact that the forex – it is an activity with a high risk. If the company does not have a brokerage license – 97% of the banks will not open an account.
Long SBSB partnership with banks allows to recommend customers and to open a forex company accounts in European banks.
We never break the bank rules, we just found the banks who can cooperate with forex segment.
Opening an account for online casinos and bookmakers
We are able to offer the opening of accounts in European banks for the bookmaker and online casino.
For detailed information, please contact our specialists.
Service cost
Opening an account for individual (personal account)
Banks of Latvia and Estonia – 350 euros
European banks (excluding the Baltic States) – from 500 euros
Offshore banks – from 750 euros
Opening an account for a legal entity (corporate account)
Banks of Latvia and Estonia – 350 euros
European banks (excluding the Baltic States) – from 600 euros
Offshore banks – from 750 euros
Opening a corporate account for high-risk activities
Forex, online casino, bookmaker companies – from 750 euros
Best jurisdictions
SBSB offers opening accounts in banks of Austria, Denmark, the USA, Canada, Germany, Great Britain, Liechtenstein, Luxembourg, Monaco, the Netherlands and Switzerland.
Bank accounts in Austria, Denmark, Liechtenstein, Luxembourg, and Switzerland are the most reliable and representative worldwide.
The requirements for account opening in these banks are slightly complicated compared to, for example, Baltic banks. Private managers of banks in Switzerland, Austria and Liechtenstein usually want to personally meet with the business owner. Bank representatives can come to a meeting at a convenient time and place for your request. In addition, banks in prestigious countries are often interested in opening investment and savings accounts, rather than commercial and operational accounts. These banks own most of the world money.
To get the price for opening a bank account, please, download our price list.
BANK JURISDICTION that we offer
• Austria
• United Arab Emirates
• United Kingdom
• Hong Kong
• Denmark
• Latvia
• Liechtenstein
• Luxembourg
• Singapore
• An offshore bank account
• USA
• Switzerland
If you have questions and/or need a consultation on this subject, please, feel free to contact our specialists via phone-call (numbers required can be found in contact list on the internet page) or by submitting a form located on the left side of the page.
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