Bank Accounts

Sovereign is able provide introductions to a number of banks in South Africa and elsewhere in the world with which we have long-term relationships. Sovereign can also assist with account opening procedures.

All companies require a bank account but opening accounts is becoming increasingly difficult due to international transparency and anti-money laundering initiatives. 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 has longstanding relationships with many banks In South Africa and elsewhere in the world. It is strongly recommended that we assist with bank introductions and the preparation and submission of the necessary documentation. Clients are, of course, free to choose their own banks but generally an account can be opened more quickly and on better terms at banks known to, and recommended by, Sovereign.

Interested in Bank Accounts?

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