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Setting up a Business Bank Account

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Bank Account Opening

We have protocols with International recognized banks both in Europe, USA, Far East and in Offshore to provide you a reliable, secure and fully active business structure.

Service exclusive for clients incorporating with Eurofinanzza

At Eurofinanzza Tax Law Center, 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.

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. Eurofinanzza Tax Law Center 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 Eurofinanzza Tax Law Center chooses its network of banks

With our 21 years of experience in the field, we can select banks that are secure, provide excellent services, and numerous banking facilities (e-banking, credit cards, letters of credit, etc.).

Important characteristics analised before selecting a bank:

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Political and economic stability of the country where the bank is located.

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Bank confidentiality to preserve the privacy of our customers.

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Financial guarantees of the bank to avoid the risk of bankruptcy.

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Excellent reputation of the institution.

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Wide range of financial products offered.

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Which account for which customer?

Eurofinanzza Tax Law Center 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.

Bank Facilities available

As a rule, the following facilities are available from all banks and financial establishments we work with:

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Multi-currency accounts

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E-banking

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Trading in currency, shares and other titles

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Interest bearing accounts

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Credit card and Debit card

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Letter of Credit

We point out that it is difficult for offshore companies to establish credit lines, loans or other cash facilities unless assets are deposited with a bank to serve as collateral.

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

Some Banking Options

Documents required

Learn more about which documents are required to open a bank account, disclaimer and other useful information here.

Documents usually required to open a Bank Account

As a general rule, the bank asks for a certified copy of the shareholder’s and director’s passport (beneficial owner), as well as recent proof of residence which, must be less than three months old.

If the client goes to the bank in person to open the account, a certified copy of the passport is not required. In Mauritius, banks also require a letter of reference from a bank and a CV.

We will send you the additional documents necessary for opening the account by email, as an attachment, for you to sign and return to us preferably by special courier (DHL, FedEx or other), along with the other documents mentioned above.

Disclaimer

The above description is not an offer or soliciting to provide financial services of any kind inclusive but not limited to buying any security or investment product or receiving an investment advice from us. Bank fees and account opening terms inclusive due diligence requirements are subject to change from time to time without notice.

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.

US Corporate Bank Account

Opening a company bank account in the United States became almost impossible for foreigners since introduction of the “Patriot Act”. However, the good news is: it still can be done and, MOREOVER, Eurofinanzza has protocols with top and major US Banks allowing us, as introducers, to get your business bank account to be open REMOTELY.

Have any questions?

There is a dedicated team in our Head Office available to deal with your enquiries regarding any of our five offices.
We aim to respond to all enquiries within 24 hours.