Once your offshore company has been incorporated the next step is very likely to be the opening of your offshore bank account. 

Your company will not be able to carry on its business activities without at least one corporate bank account in an established offshore banking institution, with comfortable operational rates, reliable Internet banking and credit/debit card facilities.

You may experience a number of difficulties in the opening of this account if you decide to go about it alone.  Many offshore banks will only open an account for clients that are referred by their affiliates.

We are affiliated with offshore banks not only in the Caribbean but also in Europe and will guide and assist you with your choice of bank, taking into consideration your individual requirements, the size and profile of your business and the country where your company is operating.  The offshore banks that we work with are well established institutions offering multi-currency accounts for savings, investing, and trading purposes, with convenient and secure internet banking facilities and will provide you with a major credit card allowing you to operate your account and access your funds from wherever you are in the world.

There is no requirement for you to travel to the bank. Offshore banks all allow for remote account opening, the corporate paperwork and personal due diligence documentation being accepted via courier.

You will have to provide a number of due diligence documents to identify yourself and your business, and the banks will require duly certified copies of corporate documents for your company, which we will provide to when you incorporate.

Personal due diligence documents will also need to be prepared and submitted for all shareholders and directors, and a certified copy of your passport and/or another valid ID document, proof of address and a reference letter from your present bank, where you have held an account for at least two years. In certain cases extra information may be requested to prove the legality of your business.

We recommend you open an offshore banking account when you incorporate your offshore company. The requirements for company documents vary from bank to bank, and therefore it’s easiest to prepare the appropriate set of corporate documents for the bank at the same time as incorporation, as this will save you time and money.

Our bank introduction service is not a 100% guarantee that the bank will open you an offshore account, but it’s pretty close to it, as our offshore consultants will review your business activities and offer advice, before you incorporate your offshore company, to maximize your chances of successfully opening an offshore banking account.

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