A corporate bank account abroad is a key element of financial infrastructure.

It ensures operational transparency, access to international markets, and builds trust with partners.

A corporate account is opened in the name of a legal entity and is used for:

• accepting payments from clients and partners;
• payments to suppliers and contractors;
• salary payments;
• payment of taxes;
• working capital management.

Types of corporate accounts

– Current account – daily transactions.
– Foreign currency account – working with foreign counterparties.
– Deposit account – placement of free funds.
– Savings account – formation of reserves.
– Multicurrency account – storing funds in different currencies.
– Specialized accounts – transit, correspondent, target, escrow.

Benefits of opening a corporate account

– transparency and financial discipline;
– trust of partners and investors;
– access to loans, guarantees, letters of credit;
– international opportunities;
– modern online services.

How to choose a bank to open an account?

Criteria: business geography, industry experience, rates and commissions, quality of service, reputation and sustainability.

Documents required for opening a corporate account:
– constituent documents;
– details of management and persons authorized to sign;
– information about beneficiaries;
– confirmation of company address;
– financial statements or business plan;
– Description of activities.

For foreign companies, notarization, apostille and translation are required.

Steps to opening a corporate account:

1. Consultation and selection of a bank.
2. Preparation of documents.
3. Submitting an application.
4. Verification and compliance.
5. Approval and activation.

Terms and cost

– Resident companies: 3–14 days.
– Foreign companies: depending on jurisdiction and bank, within 1-2 months.

Costs: account opening, minimum deposit, maintenance, fees, currency conversion, corporate cards.

Jurisdictions for opening corporate accounts:
– Onshore – simplicity, but limitations.
– Offshore – Growing Restrictions.
– Midshore (Cyprus, Malta, Singapore, Hong Kong) – balance of taxes and regulations.
– Europe – reliability, strict compliance, high tariffs.
– Asia – flexibility, regional focus.
– USA – access to the dollar system, strict requirements.

Remote opening of a corporate account.

Online process: registration, document upload, video identification, electronic signature.
Pros: saves time, opening without travel.

Cons: limited functionality, sometimes a visit is required.

Multibanking

Pros: reduced risks, optimization of foreign exchange transactions, geographic diversification.

Cons: more complex equation, increased costs.

Corporate account management:
– distribution of access rights;
– monitoring of transactions and limits;
– Integration with accounting;
– security: two-factor authentication, audit.

Reasons for bank refusal:

– incomplete set of documents;
– opaque ownership structure;
– high-risk industries;
– problematic jurisdictions;
– negative credit history;
– suspicion of money laundering.

Closing a corporate account occurs according to the following algorithm:

Application, debt repayment, withdrawal of funds, notification of counterparties, final statement.

Our professional experience spans multiple jurisdictions and we are constantly expanding our geographic reach.

💼 We open corporate accounts for non-resident companies in leading banks:

– Türkiye 🇹🇷 — Vakif, Emlak katylim, Ziraat, Deniz
– Serbia 🇷🇸 — Alta Bank, Api Bank, etc.
– Belarus 🇧🇾 — Parity Bank, Zepter Bank, Priorbank, BNB Bank, etc.
– Kazakhstan 🇰🇿 – BCC, Zhusan Bank (with registration of TIN and BIN)
– Laos 🇱🇦 — JDB bank (remote, correspondent accounts for payment systems)
– China 🇨🇳 – OCBC bank, Zhejiang Chouzhou Commercial bank (remotely)
– Liechtenstein 🇱🇮 – Bendura Bank, Alpinum bank (remotely)
– Switzerland 🇨🇭 – Cim Bank, Maerki Bauman bank (remotely)
– Montenegro 🇲🇪 — Zapad bank
– Cyprus 🇨🇾 — Helenic Bank, Cyprus Bank, Alfa BANK GREEK (remotely via videoconference)

Our clients can benefit from onboarding through more than 10 of our partner payment systems on favorable terms.