The traditional approach is to open a bank account in the country of incorporation, but often times the process may take time and require face to face presence for the initial application stage (especially due to the ever tightening banking KYC/AML rules). Our compliance team is available to consult with choosing the best traditional bank for your business while also assisting with the process, but there is also an alternative to consider which we recommend due to its innovative simplicity and wide range of possibilities.
Remote opening of a Company Bank Account with Payment card
We have partnered with Paysera – a secure and licensed electronic money institution providing online payment services globally, since 2004. We can assist in opening a business company bank account for your company remotely (applies to all jurisdictions, the full procedure can be finalized online). This solution provides a secure online bank account with ability to send and receive bank transfers (e.g. for invoicing) in the SEPA system as your company will receive an individual IBAN (International Bank Account Number). The recipient of the funds sees the company name as the primary sender of money – and payments are made to company name with the individual IBAN. In addition, a VISA card can be attached, which allows to pay in e-shops and withdraw funds at ATMs. Hence a fully operational business banking account can be set up simply online.
Paysera benefits for corporate business account
VISA Payment card and wihtdrawal from ATMs
The VISA card is a usual smart VISA card with PIN code, which can be replenished with money via your account and used to pay at points of sale and e-shops around the world where VISA cards are accepted. The card validity period is 4 years. You may also cash out at all ATMs accepting VISA cards. The currency of the card is Euro, but any currency payment can be processed (at the moment of purchase Euro will be converted to the payment currency).
- One cash-out operation in Euro, inside EU costs 1 EUR
- Cashing out in other currencies inside the EU costs 1 EUR and outside of the EU 1.5 EUR + 1,80% from the amount in both cases (currency exchange fee).
Opening a business bank account
Our compliance team will lead you through the process of opening an online business bank account with IBAN and VISA payment card. The initial stage concerns individual identification of the account holder by passport. The second stage concerns providing the necessary documentation for the company representation rights – if you have set up your company through us we will have this on file. The third (optional) stage includes a Skype video call for final identification purposes to unlock all transfer limits.
All of these stages can be completed online on your computer, there is no need for physical presence or to send documents by post. On average it takes takes 1-3 business days to have the company bank account opened – just follow the steps presented below:
MAXCORP is an expert in company formations and corporate services
Our local team of lawyers specializes in company formations, corporate services and onsite support. We provide turn-key solutions including local registered office, accouting&payroll, bank account opening, tax registrations and legal services.
MAXCORP is a certified service provider and holds a FIU license. We provide the best price to quality ratio with no hidden fees.