Business Bank Account

All companies require a bank account but opening accounts is becoming increasingly difficult due to international transparency and anti-money laundering initiatives. Many banks will no longer open accounts for non-resident companies. Others will only open accounts for companies that have been introduced by a recognised and licensed service provider that is on their ‘approved list’.

All banks now undertake increased due diligence – not just when opening accounts but also on a transactional basis. Account opening procedures differ widely between banks, sometimes even between different branches of the same bank. Applications can be complicated and documents often have to be certified or notarised and translated.

Sovereign Trust (Gibraltar) Limited has longstanding relationships with many banks in Gibraltar and around the world. We can assist with bank introductions and the preparation and submission of the necessary documentation.

Interested in Business Bank Account?

Asia Focus – July 2019

  • Singapore to launch new corporate structure for investment funds
  • Hong Kong grants first virtual banking licenses
  • Singapore crowned as world’s most competitive economy
  • China strengthen protections for trademark rights and trade secrets
  • When is a trust not a trust?
  • The benefits of outsourcing your payroll
  • Sovereign welcomes Caring Company status in HK
  • Escrow services now offered by Hong Kong office

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Sovereign Trust (Gibraltar) Limited
Tel: +350 200 76173