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How it Works?

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SFM has one of the world’s largest banking networks

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Opening a bank account for your company

We have developed a banking network and expertise which enables us to assist our clients through the account application for all companies we register. Obviously, the final decision to open an account depends on the bank, but our clients’ account opening success rate is excellent.

Our professional status as "International Corporate Service Provider" and our signing of a good conduct charter makes us a welcomed introducer in the eyes of financial establishments in general.

As a result of this, opening an account and managing the dossier are much simpler, we send the banking file directly to our clients. Bank account opening by correspondence is also possible for many of banks with whom we work.

How do we choose our network of banks?

With our 15 years of experience in the field, and we are able to select banks that are secure, provide excellent services, as well as numerous banking facilities (e-banking, credit cards, letters of credit, etc.).

In addition, other important characteristics are studied before selecting a bank, such as:
  • Political and economic stability of the country where the bank is located.
  • Bank service conditions (fees, minimum deposit, etc).
  • Excellent reputation of the institution.
  • Wide range of financial products offered.

What banking facilities are available?

As a general rule, the following facilities are available from the financial establishments with whom we work:
  • Multi-currency accounts;
  • E-banking;
  • Trading in currency, shares and other titles;
  • Interest bearing accounts;
  • Credit card and debit card; and
  • Letter of Credit.

We point out that it is difficult for offshore companies to establish credit lines, loans or other cash facilities unless assets are deposited with a bank to serve as collateral.

How to choose the country where the bank account will be opened?

SFM processes bank account applications in the following countries :

Seychelles

Belize

Switzerland

Cyprus

Hong Kong

Panama

United
Kingdom

Latvia

St Vincent

Mauritius

Gibraltar

Curaçao

United Arab
Emirates

BVI

Singapore

New Zealand

Malta

Antigua

Miami

Nevis

Puerto Rico

A company is free to open an account where it wishes. Therefore, a company registered in Hong Kong or Gibraltar may well have its bank account in Switzerland and vice versa. To determine what would be the most appropriate jurisdiction for your bank account, please contact one of our advisors who would be happy to assist you. For more information, please also see our frequently asked questions about bank accounts.

Which documents are needed to open a bank account?

As a general rule the bank asks for a certified copy of the shareholder's and director's passport (beneficial owner), as well as recent proof of residence which, must be less than three months old. However, the full scope of documents depends on the bank, and on the particulars of each case. If the client goes to the bank in person to open the account, a certified copy of the passport is not required. In Mauritius, banks also require a letter of reference from a bank and a CV. In Panama, banks do not open accounts by correspondence.

We will send you the additional documents necessary for opening the account by email, as an attachment, for you to sign and return to us preferably by special courier ( DHL, FedEx or Chronopost), along with the other documents mentioned above.

Disclaimer: each bank account application is subject to the bank’s mandatory due diligence requirements and duties under national and international (FATF) standards, in particular to prevent money laundering, and nothing on this webpage shall be construed as an offer to waive such requirements and duties.


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