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Personal/Corporate Account Opening at a Bank/EMI. Service offer

Detailed description of the stages of the account opening process. General requirements of banks/EMIs for documents and information.

Contents

  1. Detailed description of the stages of supporting a bank/EMI account opening procedure
    1. STAGE I
    2. STAGE II
    3. STAGE III
    4. SUCCESS FEE
  2. Detailed breakdown of fees for services[1]
  3. General requirements of banks / EMIs for documents and information*
    1. For a legal entity
    2. For an individual (directors / shareholders / beneficial owners / attorneys)

for 30+ years GSL has supported account openings at banks around the world

200+ banks and EMIs that we work with
Offshore Banking | GSLopen the account in foreign bankgsl.org
Payment Systems | GSLgsl.org
Services
Fees (USD)
Services of:
= selecting a bank/EMI individually for you;
= putting together a request for pre-approval, for which we will need information on the company and its activities/turnover OR, in the case of a personal account, information on the individual’s sources of funds/residence/account balance;
= sending this request to 3 (three) banks/EMIs;
= preparing the final description of all available options, taking into account the feedback received at the pre-approval stage;
= based on the results of pre-approval, you select a bank/EMI to start the account opening procedure in.
500
Services of supporting the account opening, which include:
= providing information on the account opening procedure, a basic list of documents and information on the company for opening an account* (the bank has a right to request additional documents and information which it thinks necessary);
= advising on the preparation of the application package;
= filling in bank forms;
= sending the package of documents to the bank;
= preparing for an interview with a banker;
= interacting with the bank at all stages of the account opening procedure, dealing with additional questions.
from 850
(depending on the bank/EMI)
Payment of the remainder of the full fee for the service, after receiving notification from the bank/EMI that the account has been opened.
450
Success fee
An additional success fee is charged if the account is opened faster than the average standard procedure time, which is:
= for corporate accounts – 3 months,
= for personal accounts – 1 month.
+10%
to the fee for the service

*We recommend you read the general requirements of banks/EMIs for documents and information (below).

Detailed description of the stages of supporting a bank/EMI account opening procedure

STAGE I

  • we offer you several banks / EMIs to choose from, depending on the activities of the company, turnover, possible account balance, and residence of the individuals;
  • we then send a preliminary request to 3 (three) banks/EMIs of your choice with a description of the company’s activities/turnover / structure OR, in the case of a personal account, information on the individual’s sources of funds / residence / account balance, which will allow making a preliminary assessment of the account opening chances;
  • based on the feedback from the banks / EMIs, we prepare the final description of all available options;
  • based on the results of pre-approval, you select a bank / EMI to start the account opening procedure in.
The fee for the service is USD 500. This fee will later be recorded as prepayment in the final invoice.

STAGE II

Support of the account opening procedure itself, which includes:

  • providing information on the account opening procedure, a basic list of documents and information on the company for opening an account (the bank has a right to request additional documents and information which it thinks necessary);
  • advising on the preparation of the application package;
  • filling in bank forms;
  • sending the package of documents to the bank;
  • preparing for an interview with a banker;
  • interacting with the bank at all stages of the account opening procedure, dealing with additional questions.
The fee for this stage starts at USD 850. The fee depends on a specific bank/EMI and is determined based on the estimated time to be spent by the consultant on preparing and supporting your application up to the final decision of the bank/EMI.
Please note that all banks / EMIs are institutions that are independent from us and they reserve the right to reject the account application at any stage of the procedure without giving any reason. We maximize your chances of a positive decision, but we cannot guarantee one.

STAGE III

After the bank / EMI approves the account application, payment of the remainder of the full fee for support service is due.

The fee for this stage is USD 450.

SUCCESS FEE

An additional success fee of +10% to the fee for the service is charged if the account is opened faster than the average standard procedure time, which is:

  • for corporate accounts – 3 months,
  • for personal accounts – 1 month.

Detailed breakdown of fees for services[1]

Services
Fees
Services of:
= selecting a bank / EMI individually for you;
= putting together a request for pre-approval, for which we will need information on the company and its activities / turnover OR, in the case of a personal account, information on the individual’s sources of funds / residence / account balance;
= sending this request to 3 (three) banks/EMIs;
= preparing the final description of all available options, taking into account the feedback received at the pre-approval stage;
= based on the results of pre-approval, you select a bank / EMI to start the account opening procedure in.
USD 500
Services of supporting the account opening, which include:
= providing information on the account opening procedure, a basic list of documents and information on the company for opening an account (the bank has a right to request additional documents and information which it thinks necessary);
= advising on the preparation of the application package;
= filling in bank forms;
= sending the package of documents to the bank;
= preparing for an interview with a banker;
= interacting with the bank at all stages of the account opening procedure, dealing with additional questions.
from USD 850
(depending on the bank/EMI)
Payment of the remainder of the full fee for the service, after receiving notification from the bank/EMI that the account has been opened.
USD 450
Success fee
An additional success fee is charged if the account is opened faster than the average standard procedure time, which is:
= for corporate accounts – 3 months,
= for personal accounts – 1 month.
+10%
to the fee for the service
Supporting a complex account opening case:
1. Activity-wise:
- licensed activities (investment fund, crypto, fintech, tobacco / alcohol / pharma production, precious metals, etc.);
- trading complicated by the type of goods (raw materials / dual-use goods / medical goods);
- payment service provider activity;
- state-owned counterparties;
- high-risk regions from the FATF list.

2. Structure-wise:
- number of shareholders – more than 3 individuals or more than 2 legal entities in the company structure;
- non-transparent ownership structure, which includes: public companies / trusts / funds.
+USD 450
to the basic fee for the service
Supporting an account opening for companies not administered by us*
You can also contact our consultants to discuss the possibility of transferring companies under our administration and thus reducing the cost of the service.

*except supporting the account opening at Chinese banks
+20%
to the standard fee for the service
Supporting a remote account opening (for both individuals and legal entities) at banks that usually require a personal visit of the account signatory / beneficial owner of the company*
The making of additional documents (powers of attorney, special resolutions, etc.) is payable separately.

*except supporting the account opening at Chinese banks
+10%
to the basic fee for the service
Supporting an account opening for non-residents (individuals/legal entities) at banks that mainly only onboard local residents (individuals/legal entities)*

*except supporting the account opening at Chinese banks
+10%
to the basic fee for the service
Follow-up support for the operation of the account:
- assistance with installing and setting online banking;
- assistance in establishing interaction with bank representatives (a relationship manager where applicable) with respect to ongoing matters;
- organizing the payment policy.
First 3 months – USD 650.

From then on, a monthly fee as agreed, depending on the required scope of work, complexity of the case, etc.

Supporting the opening of a personal account in parallel with a corporate account at the same bank
50% discount on the service
Supporting the opening of a 2nd/3rd account in parallel with the current opening*

* except supporting the account opening at Chinese banks
If the banks are from the same jurisdiction:
1st bank – full price;
2nd bank – 30% discount;
3rd bank – 50% discount.

If the banks are from different jurisdictions:
1st bank – full price;
2nd bank – 10% discount;
3rd bank – 20% discount.

Preparing a business plan, company profile (depending on the additional requirements of the bank/EMI)

Only for the purpose of providing it to the bank for account opening (not for attracting investors, marketing or other business development purposes).
USD 200 / hour
(at least 3 hours)
Advising on the current situation with banks (difficulties, nuances, sanctions, etc.), also identifying the banks and EMIs potentially suitable for a specific case, and on other related matters
USD 200 / hour
Accompanying you to the bank for an interview with a banker and the signing of account opening forms
USD 400 – 600

[1] The fees are valid as at July 2024.

General requirements of banks / EMIs for documents and information*

For a legal entity

  • Certificate of Incorporation;
  • Memorandum and Articles of Association;
  • Certificate of Incumbency showing the current structure, for companies older than 1 year;
  • Resolution of Director’s Appointment;
  • Resolution of Issue of Shares;
  • Share Certificates;

If there is a corporate director/shareholder/secretary in the structure, it is necessary to provide all the documents listed above.

  • filled in bank/EMI application forms for the company and the owner;
  • statement of the company’s bank account for the last 6 months (in the case of a new company, a statement of account of the owner’s other company can be provided alongside proof of ownership of that other company);
  • confirmation of the source of funds, including the initial deposit;
  • copies of existing contracts / invoices with counterparties;
  • office lease agreement, cash flow chart, ownership structure chart, etc.

For an individual (directors / shareholders / beneficial owners / attorneys)

  • Proof of identity (passport), residence permit;
  • Proof of address (not older than 3 months);
  • CV;
  • Bank reference letter.

*The list is not exhaustive. The bank/EMI has a right to request any further documents and information.

Are you interested in the offer?
from USD 1 800
Download offer in PDF
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