How to open a bank account in Incognito Bank (Laos)

Outgoing transfer fee – 2% (min. USD 50)

Incoming transfer fee – 0,5%

Account maintenance fee – USD 200 per month

The account is managed via Internet banking (in English; within Laos only) and by email (for cross-border payments)

The Bank offers a wide range of banking services and products for corporate clients and individuals

The bank issues debit cards for the account signatory and additional cards for company employees

An account is opened remotely

Corporate documents (standard list) :
- Certificate of Incorporation;
- Memorandum & Articles of Association;
- Proof of the company’s structure (Certificate of Incumbency, extract from the public register, etc.) – not older than 1 year;
- Power of Attorney (unless the bank account signatory is also the director).

If the structure includes other legal entities, a similar list of documents is requested for them.

Company’s business profile:
- KYC questionnaire, including a detailed description of the company’s activities and economic results, required account currencies, and expected incoming/outgoing payments;
- Bank statements for the last 6 months (if the company was in operation before).

Documents for individuals in the company structure:
- copy of passport;
- copy of proof of residential address (bank statement or utility bill not older than 1 year).

The bank will also require photo identification (photo with a passport) of the account signatory.

Current

It is possible to open an account without visiting the country where the bank is located; It is possible to open an account without meeting the banker

Predictable