Instructions for Opening Corporate
Opening a corporate bank account is vital for your
International Business company. You'll need a few
documents for the bank.
Prepare a corporate resolution. This document will
specifically state the individuals and officers
permitted to act for the corporation in banking matters.
These people can sign checks, open accounts, transfer
money, invest funds and perform all other banking
necessities under their signature(s).
You may give these
individuals complete authority to act for the
corporation, or authorize one or more people to commit
the company in some cases, but not others. The corporate
resolution advises the bank of your authority wishes and
its responsibilities to respect them.
Opening a business bank account online can be an easy
and painless process when you have all the necessary
documentation in place.
First, it is important to realize there are several
factors that can prohibit one from opening a business
bank account on the internet.
Most offshore banks will not open an account for
the following activities :
Banks, Mutual Funds and Trusts.
If you’re running a business, you will need a
business bank account.
(A) A notarized copy of the Certificate of Incorporation
/Certificate of Good Standing
(B) A notarized copy of the Memorandum and Articles of
(C) Description of the nature of the business activity
on company letterhead signed by the Director(s).
(D) Resolution of the Board of Directors authorising
opening of the account and conferring authority on the
person who will operate the account
(E) Notarized Copies of passport or other acceptable ID
(the page with photo and signature) for Authorized
Person, Additional Authorized Persons (if any), all
Directors/Officers and Beneficial Owners. A notarized
copy of Driver's License is also required for US and
(F) Copy of Utility Bill or a Bank Statement as a proof
of address for Authorized Person, Additional Authorized
Persons (if any), all Directors/Officers and Beneficial
(G) Bank References for the Authorized Person and
Authorised Persons (if any) as well as for all
Fees and Charges for corporate account:
You can choose to open an account with Maestro or
Mastercard and secure digital hardware devise.
Account opening fee $500
Contact us for getting more details on fees.
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