Bank Account for an Offshore Company | List of Banks

Open a bank account for an offshore company in 2020.

We are an official agent and representative of prestigious onshore and offshore banks where a bank account can be opened for an offshore company, and in most cases the account number will be provided to you immediately. These banks offer multi-currency accounts, full online management, and credit / debit cards that make your funds quickly available to you practically anywhere in the world.

The banks we offer are located in Europe and in the Caribbean. When it comes to opening an account with an offshore bank, we can do much more than simply introduce you to the bank.

We can guarantee that we will provide you with a corporate bank account at one of the best and most advantageous banks for You that we recommend.

We will help you open an account for your offshore company step by step. We will fill in all the necessary application forms and agreements with the bank. We will follow the account opening process from the start until the moment you begin working with your online banking.

A little about offshore accounts and banks

Offshore bank — (the terms «offshore bank» and «offshore account» are not used because it is an account opened for an offshore company), but a bank located outside the depositor's country of residence, as a rule a bank located in a low-tax jurisdiction or a «tax haven», which provides legal or financial advantages:

• A high level of confidentiality
• A low or zero level of taxation. Offshore banks are attractive because no taxes are paid when working with them. This is an advantage for persons (legal entities) that do not pay profit tax or pay no taxes at all, and for persons who believe they can unlawfully conceal their net income (unlawful in those countries where the very fact of selling goods at understated prices constitutes tax evasion)
• Easy access to account management. All offshore banks offer account management via online access or telephone banking.
• Protection against the financial instability of resident banks and the political situation in the country. This is beneficial for residents of countries where there is a risk of political instability and a risk that assets may be frozen, seized or disappear, as during the Argentine economic crisis, or, closer to home, the collapse of the USSR and the bankruptcy of the «Ukraina» bank and the «Nadra» bank. The adoption of the Tax Code in Ukraine, which provides for introducing a 5% tax on citizens' income from bank deposits, also draws interest to offshore banks.
• Offshore banking is one of the few industries, along with tourism, in which geographically remote island states can compete with other countries and thereby attract investment into their developing economies.

What is required to open an account:

Required documents (scanned): the international passport of the beneficial owner and of the company's attorney (may be the same person), the national (domestic) passport, documents confirming business activity in Ukraine: the registration certificate, the certificate from the statistics office, pages 1–2 of the articles of association. A full description of the business of the registered offshore company and of the company doing business in Ukraine.

Provision of the information requested during account opening (number of transactions, contact details, etc.)

• Cost of opening an account with banks in Latvia and Lithuania: 300 dollars (the client receives the account details within a few days; full account opening depends on how quickly the client provides all documents and on the client's type of business)

From a few days to 3 weeks. (each bank deducts from 150 to 350 euros/dollars from the account upon the first incoming payment, for activation and for providing means of identification)

Preferred banks: Baltikums, Aizkraukles

• Austria (Raiffeisen, Deutsche, ): 900 dollars. (an apostille on the beneficial owner's passport will additionally be required) timing depends on the company's business, up to a month. Activation fee up to 300 dollars.
• Opening an account with banks in Cyprus (Marfin, Bank of Cyprus, Hellenic): 550 dollars

Timing: up to a month. Activation fee 300 dollars.

All service fees for corporate clients are available on the banks' official websites.

Required from the client (in addition to the company documents) (scanned): international passport, documents confirming business activity in Ukraine, or documents confirming the beneficial owner's financial standing. A certificate of the beneficial owner's income and senior management position (original), a full description of the business of the newly registered offshore company and of the company doing business in Ukraine.

Provision of the information requested during account opening (number of transactions, contact details, etc.)

• Cost of opening an account with banks in Latvia and Lithuania: 300 dollars (the client receives the account details within a few days; full account opening depends on how quickly the client provides all documents and on the client's type of business)

From a few days to 3 weeks. (each bank deducts from 150 to 350 euros/dollars from the account upon the first incoming payment, for activation and for providing means of identification)

• Austria (Raiffeisen, Deutsche, ): 900 dollars. (a copy of the beneficial owner's passport with an apostille will additionally be required) timing depends on the company's business, up to a month. Activation fee up to 300 dollars.
• Opening an account with banks in Cyprus: 550 dollars

Timing: up to a month. Activation fee 300 dollars.

All service fees for corporate clients are available on the banks' official websites.

For more detailed information on opening accounts and payment cards, contact us via Skype.