Process and Requirements
Company Formation and Bank Account Application

Process and Requirements

Process & Requirements for company formation
Process

Step 1:
We confirm your needs and requirements and understand the details about the new company

Step 2:  
Upon payment of fees, we proceed with company formation

Step 3:
We send you scanned copies of the company documents by email and send hard copies of company documents by courier

Information Requirements

If we are also introducing the new company for a bank account, the detailed information requirement will vary according to which bank and/or jurisdiction is required. However, as a guide, the requirements will include the following:


1.
Ownership structure: Who will own the shares of the new company and what percentage


2.
If any officer (director, secretary) or member (shareholder) of the new company will be a company (or any type of legal entity) a complete set of corporate documents will  be required


3.
Business activity including;

  • Detailed description of business activity
  • Estimated income per year
  • What countries will incoming funds come from
  • What is the destination country of outgoing funds
UBO Requirements

If we are also introducing the new company for a bank account, the detailed information requirement will vary according to which bank and/or jurisdiction is required. However, as a guide, the requirements will include the following:


1.
Colour copy of passport


2.
Recent utility bill (not older than three months) in English
— we can arrange translation if required

Process & Requirements for bank account registration
Process

The exact process and requirements will vary from bank to bank. However, below is an outline of what you can expect.


Step 1:

You send a profile of your company, account requirements & scanned copies of the required information and documents (see Information Requirements)


Step 2:
Subject to review of the profile and information, by us & the bank; we issue an invoice,


Step 3:
Upon receipt of payment, we send you account application forms (payment is made in full and is not refundable)


Step 4:
The account is opened subject to review of completed application forms and supporting information.

Company Application Req.

1.
Certified Copy of Company Documents


2.

Utility bill
(proof of address)


3.

Bank reference letter


4.

The Bank Prefer business to have a Website


5.

Business Information —
to include:

  • Business activity
  • Income value per year
  • What country incoming funds come from
  • What country outgoing funds go to
  • Company ownership details
  • Reason for opening the account
UBO Requirements

1.
Contact Details

  • Telephone, Mobile, Email, etc.

2.
Passport

  • Coloured — Certified Copy
  • Type of Certification depends on passport country

3.
Bank Reference Letter

  • “Mr ___ has had a bank account with this bank for __ years and during that time the account has been maintained according to agreed terms and conditions”

4.
Proof of Residential Address

  • Recent Utility Bill — not older than 3 months

5.
Income —
to include:

  • Source of Wealth
  • Annual Income
  • Main Business Activity

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