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?

Middle East Focus – May 2019

  • FDI surge in Dubai driven by high-tech and innovative businesses
  • Abu Dhabi permits foreigners to own freehold properties in investment areas
  • UAE/Saudi Arabia double tax treaty comes into force

Follow us

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