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Bank/EMI Account Opening for a Foreign Company. 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 the account opening process*
    1. STAGE I
    2. STAGE II
    3. STAGE III
  2. General requirements of banks/EMIs for documents and information*
    1. For a legal entity:
    2. For an individual (directors / shareholders / beneficial owners / attorneys):

GSL has been in the market for over 25 years

we work with more than 150 banks and 70 EMIs

the full list of banks is available
Services
Fees (USD)
Services of: selecting a bank/EMI individually for you, sending enquiries to 3 (three) banks/EMIs of your choice for pre-approval, giving a detailed description of all options available, highlighting those suitable for your concrete case
500
Services of: drawing up a detailed application for account opening, including the full information about the company, its owners and counterparties, sending this application to one of the banks/EMIs of your choice, giving a detailed description of all further steps of the account opening process
1000
Services of: collecting and analysing corporate and other documents to be submitted to 1 selected bank/EMI, filling in forms, accompanying you to a personal/online meeting with a banker, if necessary, preparing you for the interview, liaising with the bank at ALL stages
(depending on the bank/EMI)

Detailed description of the stages of the account opening process*

STAGE I

we offer you several banks/EMIs to choose from, depending on the activities of the company, turnover, possible account balances, and residence of the owners

we then send a preliminary enquiry to 3 (three) banks/EMIs of your choice with a brief description of your company’s activities, but without providing the company documents or disclosing the names of business partners or personal data of the owners, which will allow making a preliminary assessment of the chances of account opening

based on the feedback from the banks/EMIs, we prepare a detailed description of all the options available and highlight those suitable for your concrete case

Our fee for the service is USD 500. This fee will later be set off against the account opening fee.

STAGE II

we then send an enhanced enquiry to one of the banks/EMIs of your choice, now providing all the information about the company and its owners, including the source of funds and names of the counterparties, and we obtain from the banks/EMIs their preliminary consent to open an account

based on the feedback from the bank/EMI, we prepare a detailed description of all further steps of the account opening process

The fee for this stage is USD 1000, which will later be set off in the main invoice.

STAGE III

you choose the option that suits you best (or several ones at once, because we always recommend applying for accounts with at least 2 banks), and we send you an invoice for payment minus the amounts paid previously

we help you to collect the necessary package of documents, as well as fill in all the necessary forms required to open an account

if necessary, we arrange an interview for the account signatory/beneficial owner of the company at the bank of your choice, and we also accompany you at this meeting

we prepare you for the interview, going again through the list of necessary documents and accentuating necessary points; we also instruct you in detail about what questions the bankers usually ask and what they want to hear from you

we take care of interaction with the bank at ALL stages

upon completion of the entire process and successful opening of an account, you receive your account details and Internet banking codes

The fee for the service depends on a specific bank/EMI and is determined based on estimation of the 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 independent financial institutions and 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.

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 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 the 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);
  • 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?
1210 USD
Download offer in PDF
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