Bank Account Opening Services 2018-12-03T14:14:47+00:00

Bank Account Opening Services

At TBA, we consider a company to be practically useless, unless it holds a corporate bank account.

The exceptions are holding companies that are created with the sole purpose of holding shares in other companies.

Thus, we have developed a banking network and expertise which enables us to open accounts for all companies we register. Obviously, the final decision to open an account depends on the bank, but our account opening success rate is close to 95%.

Our professional status as “International Corporate Service Provider” and our signing of a good conduct charter give us the status of “eligible introducer” in the eyes of financial establishments in general.

As a result of this, opening an account and managing the dossier are much simpler; we send the banking file directly to our clients. We can also open bank accounts by correspondence for the majority of banks we work with.

Our clients can benefit from the following options offered by a majority of our banking partners: Internet Banking, Standing order/ Direct debit, Cheque book, Credit card or Debit card, BACS, CHAPS available, Telephone banking. Normally you will benefit from a period of FREE business banking transaction on a day-to-day basis; a bank account can be open in Euro, US dollar, Pound Sterling, Swiss Franc, Japanese Yen or local currency.

We have made this process as fast and integrated as possible in order to ensure that you receive a first-class service. Throughout the process we are kept up to date with your bank account progress. We do not have any signing rights on the account unless you explicitly instruct us to act as signatories in trust or as a part of the nominee services we provide.

Our company provides professional advice on selection and collaboration with well-established bank for each client individually; we undertake a full set of services on the organization of cooperation with the most reputable and respected banks.

Our clients refer to us as being fast, accurate, responsive but yet very affordable. TBA & Associates kept up that reputation for years and the company is appreciated by the community of world financial institutions. We are pleased to know that the communication between the bank and our clients is most productive from the point of view on receiving concrete high-quality services by mutually beneficial obligations.

How TBA choses its network of banks

With our 17 years of experience in the field, we are able to select banks that are secure, provide excellent services, and numerous banking facilities (e-banking, credit cards, letters of credit, etc.).

In addition, other important characteristics are analised before selecting a bank, such as:

– Political and economic stability of the country where the bank is located.
– Bank confidentiality to preserve the privacy of our customers.
– Financial guarantees of the bank to avoid the risk of bankruptcy.
– Excellent reputation of the institution.
– Wide range of financial products offered.
– Which account for which customer?

TBA customer profile differs one from each other, including, among others, entrepreneurs, pensioners, shareholders, import-export businessmen, heirs, consultants and patent owners. We have, therefore, developed a banking network where an account can be opened for any type of activity.

How to open a Bank Account
Remotely or with Physical presence required

With a few exceptions, it is still possible for a client to be identified through approved intermediaries such as TBA, without having to make a personal visit to the bank for opening of an account.

Banks in Latvia or Cyprus – for trading operations clients often prefer these banks as the least time consuming to open, more flexible for transactions and more convenient to work with due to user-friendly internet banking systems.

Banks in Switzerland – for investment and fund protection. Traditionally, Swiss banks are confidential and secure.

Offshore Banks are usually used for trading operations. In order to open a new bank account for an offshore company, any reputable bank will request personal and professional details on the owner of the offshore company.

Specifically, the bank will need to identify the beneficial owner of the company and any account signatories by requesting following documents:

– Passport copy (preferably international passport)
– Proof of residential address (1-2 utility bills – for example for electricity, cable TV, internet, which are not older  than 3 months). These documents must indicate the owner\’s name, surname and residential address.
– Curriculum vitae
– Bank reference
– Business description of company

The standard set of offshore company documentation (certified by a notary and legalised with Apostil) is required by most banks. Our company packages include corporate document sets that suit the requirements of the most banks. Nevertheless, any bank may request additional documents as they see appropriate.

Bank accounts for Hong Kong, Singapore and Dubai companies in corresponding countries require a personal interview with the bank officer at the location of the bank.

Besides a personal visit, these banks will require more profound information on the qualification of the company’s beneficial owners and business profile of the company.

With our introduction service, we review the proposed company activity and documents, as well information on the owner to see if their profile and requirements fit the specific bank. Then we proceed to arrange completion and signing of the bank documents and interview set-up.

TBA opens bank accounts in the following countries:

Belize
Cyprus
Delaware
Georgia
Hong Kong
Latvia
Liechtenstein
Malta
Mauritius
New Zealand
Poland
Seychelles
Singapore
St Vincent
Switzerland
United Arab Emirates
United Kingdom
United States, Philadelphia
Vanuatu

A company is free to open an account where it wishes. Therefore, a company registered in Hong Kong or Gibraltar may well have its bank account in Switzerland and vice versa. To determine what would be the most appropriate jurisdiction for your bank account, please contact one of our advisors who would be happy to assist you.

Our Services

Our Services before you deal directly with the bank by yourself:

Independent advice to help you to choose the right bank;
Support regarding due diligence requirements;
Assistance with filling in the required forms;
Provision of properly legalized corporate documentation where applicable;
Recommending you to the bank based on your individual profile and due diligence documentation;
Representing you before the bank in the course of account opening;

Our bank account introduction is a professional service provided by TBA to European or Offshore company owners as an approved bank intermediary.

While we cannot guarantee the bank will open an account for every client, by using our professional expertise, we can significantly increase the success rate for account opening. We also can reduce potential application hold ups with incorrect or missing documents that the client may not have been aware of.

Factors we consider when recommending banks for account opening: client’s citizenship and country of residence, types of transactions involved (trading / manufacturing / real estate / investment), volume of payment transfers, investment requirements, confidentiality, soft currency requirements, as well as language issues when communicating with the bank.