Can I open a bank account in any jurisdiction?
Individuals and legal entities, regardless of their country of residence or incorporation, are free to open bank accounts in any jurisdiction. However, some countries have their own requirements and peculiarities that differ from jurisdiction to jurisdiction. For example, Estonia is one of the most popular jurisdiction for e-commerce business, but currently Estonian banks open corporate accounts only to companies whose founders are residents of Estonia. If a company is incorporated in Estonia but fails to open a bank account in a local bank, we suggest opening an account in another jurisdiction.
Some jurisdictions require the mandatory personal presence of directors or founders of a company at a bank when opening a corporate account. However, certain banks that have branches in several countries may be visited in any convenient office. You can find some banks that offer services of an on-site representative of the bank.
Because each bank in different jurisdictions may have its own requirements, it may take a long time before you find a suitable one. We recommend to seek advice on this matter as only professionals may effectively offer you banks that take into account your requirements and preferences.
- I have business in my resident country. Why do I need to register a company in another country?
- I don’t know what jurisdiction to choose. What shall I do?
- I registered a company through the portal, but later I decided to change a jurisdiction. Is it possible to make a change?
- I see that there are different company types. What company types do you register through the portal?
- How can I choose a suitable jurisdiction for company registration?
- I didn’t decide on a company name. How can I choose it? Can I later change company name?
- Probably, I can just register a company in a jurisdiction with a lowest profits tax rate?
- What will be additional expenses after I register a company?
- What is company maintenance cost?
- Do I need to be a resident of the country in which I want to register a company?
- I see that there are countries in which it is necessary to have a resident in a board of directors. What to do in such cases?
- Do I need to personally visit a country in which I will register a company?
- Who will submit documents to tax authorities and perform accounting if I register the company through the portal?
- What shall I do if my preferred company name was not pre-approved?
- Is the company registration same as trademark registration in this jurisdiction?
- Do I need to register a trademark in this country?
- How do I need to report on income in my resident country? Is it possible that I will pay taxes twice?
- How can I get money from customers in my country after I register a company?
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