BANK ACCOUNT OPENING ASSISTANCE

Why it matters to have an international bank account

There is a myriad of reasons why you, as a savvy and cosmopolitan businessperson, should always have access to an international bank account.

Handle multiple currencies at the same time

As your business becomes more international and borders are crossed with nary a thought, setting up an international bank account to juggle the many different currencies you work with is a no-brainer.

By doing so, you will be able to manage your capital from any location in the world, while protecting it from market volatility and the many fluctuations often experienced by foreign currencies.

Likewise, while travelling, you will have easy access to your money in an unimaginable number of currencies, making it simple for you to effectuate any type of payment without inhibitions or losing funds by going through pricy currency conversions.

Diversify your risk

By having your capital in many different currencies and investing in a wide array of countries and industries, you will spread out your risk and be less susceptible to market volatility.

Plan your taxes in an efficient manner

Depending on your main country of residence, owning an international bank account will help you plan your taxes in an effective manner, minimizing your tax obligations and only making you pay where you’re ultimately supposed to.

Safeguard your money

Choose to open an international bank account in an established, safe, and trustworthy jurisdiction, and your money will never be in better hands. By stashing away your funds in multiple currencies, you’re less likely to suffer the consequences of wild foreign exchange fluctuations.

Work with your money digitally

An international bank account will make your life easier by facilitating digital transactions and the simple sending and receiving of payments with the tap of your thumb. Plus, you will never have to worry about visiting a physical bank or interacting with a teller; your account will be accessible to you day and night on your tablet, mobile phone, or laptop.

Rely on internationally experience customer service agents

Staff members working for international banks are better prepared to assist you with international transactions, problem-solving, and investing your capital in worthy sectors. Their knowledge, for instance, of the offshore world and the multiple investment opportunities there is a lot greater than that of a local bank, giving you plenty of more bang for your buck.

How we can help

Meridian Trust will walk you from A to Z when it comes to opening your international bank account.

This process, which has become more challenging as a result of the growing regulatory obligations and checks businesses must follow these days, will seem like a cinch with our expertise by your side.

Besides our company formation and structuring, secretarial, and advisory services, we can offer you the following as it relates to opening an international bank account:

• Suggest several international banking solutions within a few working days.
• Look over your international bank account application, providing you with feedback to give you a better chance to land the account in as little time as possible.
• Serve as your introducer to an international bank account provider.
• Offer you unlimited support while you’re in the process of opening your account and going through the many checks and administrative steps required.
• Look over your business case and provide input where needed.
• If necessary, carry out the role of Resident Account Signatory or Non-Executive Director.
• Double check, verify and notarize documents.
• Translate documents into English or any other language deemed necessary.

Free Consultation

Let's talk! Fill in the form below and schedule your 30 minute free consultation with one of our corporate lawyers, to discuss any questions about opening your international bank account.