CORPORATE & PERSONAL BANK ACCOUNTS

Bank Account Opening

FOR BUSINESSES & INDIVIDUALS

Due to our broad experience, we can assist you with an opening bank account with the top banks & payment institutions.

We always make sure that the bank account is customized for achieving your objectives, and is in sync with the desired payment processing solution.

Solution Across 5 countries with over 30+ Banks

Assistance with corporate & Personal Bank Account Opening

Get in touch with us & we will understand your requirements & assist you with suitable banking solution for your business.

Book Your Free Consultation

Banking Solution

Banking Solutions By Region

Asia

Malaysia & Singapore

Malaysia & Singapore

Malaysia & Singapore

Malaysia & Singapore

Europe

Switzerland

Cyprus

Georgia

Poland

Africa and pacific

Mauritius

Mauritius

Mauritius

Seychelles

Middle East

UAE

UAE

The Process

How Does it works?

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We understand your requirements & evaluate the case.

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KYC Collection & Application Filling

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Application Submission to bank & banker meeting.

Key Information You Need To Know

Our Services

Due to our broad experience in banking , we’ve built up close relationships with 30+ international banks in multiple jurisdictions.

The bank accounts opening procedure includes :

  • Reviewing & verifying your KYC Documents.
  • Assistance in filling up of bank application forms.
  • Submission of KYC & Application forms to bank.
  • Following up with bank for the account opening process.

If you have any questions, please feel free to contact us or write to support@startingoffshore.com

Checklist for

Personal Account

DOCUMENTS REQUIRED TO OPEN PERSONAL BANK ACCOUNT

  • Notarised/Certified Passport Copy
  • Notarised/Certified Copy of Utility Bill or Bank Statement ( not older than 90 days )
  • Bank Reference Letter
  • Personal CV

Please Note:

  • Documents that are not in English must be accompanied by a certified translation.
  • Once the soft copies of documents are submitted , bank might ask to ship the original documents.

If you have any questions, please feel free to contact us or write to support@startingoffshore.com

Checklist for

Corporate Account

DOCUMENTS REQUIRED TO OPEN CORPORATE BANK ACCOUNT

For Company :

  • Certificate of incorporation
  • Memorandum and articles of associations.
  • Articles of Incorporation
  • Register of Directors & Shares
  • Certificate of good standing (if the company is more than 12 months old)
  • Business Plan
  • License ( if any applicable )

For Each Director, Shareholder & Ultimate Beneficial Owner:

  • Notarised/Certified Passport Copy
  • Notarised/Certified Copy of Utility Bill or Bank Statement ( not older than 90 days )
  • Bank Reference Letter
  • Personal CV

Please provide below, if the company has corporate shareholder :

  • Certificate of incorporation
  • Memorandum and articles of associations.
  • Articles of Incorporation
  • Register of Directors & Shares
  • Certificate of good standing (if the company is more than 12 months old)

Please Note:

  • Documents that are not in English must be accompanied by a certified translation.
  • Once the soft copies of documents are submitted , bank might ask to ship the original documents.

If you have any questions, please feel free to contact us or write to support@startingoffshore.com

Business

Activities

The banks we work with accepts wide range of business activities. However there are several types of businesses that are not accepted by banks.

A valid license certificate will be required if you’re conducting any licensed activity. 

Licensed activities include, but are not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to the public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

If you have any questions, please feel free to contact us or write to support@startingoffshore.com

 

Notes &

Disclaimer

PLEASE READ CAREFULLY

  • Starting Offshore does not take responsibility for decision taken by the bank. The bank might change the account opening
    procedure, terms and requirements at any time.
  • Our roles are largely to facilitate bank account opening process and make introduction. We do not have any control in the ways, manners and process of banking approval.
  • Due to strict compliance on anti-money laundering & counter financing of terrorism laws and rules, the banks are taking longer time and requesting more documents and information before approving application.
  • Our fee is billed NOT as a guarantee of bank a/c opening, but on “work performed” basis. If your first application is rejected, we will bill you the same fee for a second application. There is no refund for rejection.
  • We do not advise or give information on bank charges, transfer limit, range of facilities and banking restrictions. If you wish to know more about these and how these will affect your banking relationship, you are advised to ask the banks during the time a meeting is set up for you.

  • Nationals from certain countries considered or listed as “high risk” are likely to be declined. Our Compliance Officer can advise if you are national of such countries.
  • The process to apply for bank a/c opening is now taking substantially longer than before, usually it is very optimistic to consider application response from bank within min of 14 business days. Please allow yourself ample time.
  • It is common for all banks to request documents/information showing proof of your existing business before approving your account. Such documents can be receipts, invoices, bills, bank statements, audited account, list of counterparties, website, brochures, etc.

  • It is prudent to not overstate your banking transactions, revenue or turnover. It is also prudent to keep your bank account active and to maintain sufficient balance. Inactive account or account falling below required monthly balance may be subject to review or even closure.
  • Due to strict compliance on anti-money laundering & counter financing of terrorism laws and rules, the banks are taking longer time and requesting more documents and information before approving application.

If you have any questions, please feel free to contact us or write to support@startingoffshore.com

Frequently Ask Questions

Below are the commonly asked questions about opening bank account.

Our fees are based on the amount of work involved.

Once we examine your profile & business activities we will provide our assistance fees.

Unfortunately, full fees will not be refunded because regardless the result we will have to liaise with bank & prepare documents required.

Our fee is billed NOT as a guarantee of bank a/c opening, but on “work performed” basis. Approving/Rejecting the application is solely banks decision & internal policies, our roles are largely to facilitate bank account opening process and make introduction. We do not have any control in the ways, manners and process of banking approval. UBO Profiles in the company & the business activity documentation submitted also has major impact on the approvals by the compliance of the banks. Banks will asses all of these with the internal data

Our roles are largely to facilitate bank account opening process and make introduction. We do not have any control in the ways, manners and process of banking approval. Once we submit your application to bank, we will no control in anyways.

Yes one company / individual can open as many accounts as they want in different banks.

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Our bank assistance fees will include below :

  • Reviewing & verifying your KYC Documents.
  • Assistance in filling up of bank application forms.
  • Submission of KYC & Application forms to bank.
  • Following up with bank for the account opening process.

Due to global pandemic , most banks are now co-operating to open the account remotely. 

However a online interview will be conducted by the bank during the time of account approval.

It is up to the bank's discretion whether to approve for remote opening or request a physical meeting at the bank.

  • Business plan should contain enough details on how you intend to carry out the business with financial forecast of next 3 years based on appropriate systems , procedures & resources.
  • Target Markets
  • Marketing Plan
  • Description of Business Operations
  • Anticipated Volume of Total Incoming & Outgoing Transactions
  • List of Major Customers, Suppliers , Contractors , Payment Providers etc with their Company Name , Registered Country & Website