International corporate bank account for Bitcoin business

International corporate bank account for Bitcoin business

Bitcoin business
Healy Consultants assists our Clients’ Bitcoin business by opening international corporate bank accounts in reputable jurisdictions around the World.

Our firm specializes in setting up high volume corporate bank accounts tailored to our Clients Bitcoin activities, and for which we have an excellent approval ratio record because of our global banking relationships and determination.

  • Advantages

    Having a corporate bank account for a Bitcoin company offers the following advantages:

    • Your Bitcoin company will be more attractive to Clients if payments are processed by a stable corporate bank account;
    • Your bank accounts will be closer to your Clients, thus enabling your company to process transactions faster;
    • Having multiple corporate bank accounts for Bitcoin business will minimize FX risks for our Clients having expenses and/or revenue sourced from several countries;
    • By establishing a relationship with international banking groups your Bitcoin business can use their facilities in other countries;
    • The bank account facilitates excellent Internet banking in English.
  • Disadvantages

    Opening a corporate bank account for a Bitcoin company imposes the following disadvantages:

    • Bitcoin industry and bank policies regarding Bitcoin are difficult to predict. Because Bitcoin is a recent innovation, most Central Banks around the world are still unsure about how to regulate it;
    • Some banks may request additional due diligence, including: i) more stringent AML/CFT procedures ii) request for ultimate beneficial owner details and iii) request for a personal visit to a branch.
  • 8 Steps to open a corporate bank account for Bitcoin business

    Many of our global Bitcoin Clients engage Healy Consultants due to the difficulty of the process. Opening an international corporate banking account is a time consuming task, Healy Consultants will shelter our Client from the administrative challenges and can supply our Clients a corporate bank account number within 6 weeks without travel to meet the bank officers involved.

    1. Healy Consultants requires all Clients to i) settle our fees ii) sign and return our Client engagement letter and iii) provide us all the required due diligence documents;
    2. Prior to submitting the corporate bank account application to our Client’s preferred bank, Healy Consultants requires detailed information on i) company’s activities (including proof of business such as recent contracts and invoices); ii) company’s customers and suppliers iii) details of the management team and iv) the company’s financial projections;
    3. Healy Consultants will assist our Client prepare i) a set of company documents and ii) a detailed business plant; to secure a pre-approval of the preferred global bank, minimizing costs and transparency;
    4. Healy Consultants approaches our multiple partner banks, to obtain preliminary approval for bank account opening for our Client’s company;
    5. Following receipt of the preliminary approval for our Bitcoin Client’s corporate bank account, Healy Consultants will collect a set of notarized/ legalized and translated documents from our Client to complete the bank account opening requirements;
    6. Within two weeks following submission of the account opening application, Healy Consultants will receive the approval from our Client’s preferred bank;
    7. If required, Healy Consultants will activate internet banking facilities on our Client’s behalf;
    8. Following successful activation, we will dispatch a courier to our Client’s preferred mailing address containing bank documents and internet banking details.
  • Bitcoin friendly banks comparison table

    BankAccepts Bitcoin?TravelLocal entityOnline bankingHealy Consultants fee
    MaltaYesNoNoFair4,950
    BulgariaYesYesNoExcellent4,950
    MozambiqueYesNoNoFair4,950
    BrazilYesYesYesExcellent4,950
    MauritiusYesYesNoFair4,950
    PolandYesNoNoExcellent4,950
    SwedenYesNoNoExcellent4,950
    South KoreaYesNoNoExcellent4,950
    EstoniaYesNoNoExcellent4,950

  • Healy Consultants fees

    Healy Consultants will be pleased to help our Clients efficiently open an international corporate bank account for a fee of US$5,950.

  • Our typical Clients

    • Small companies with Bitcoin-related activities wishing to secure a corporate bank account in their region;
    • Medium to Large Bitcoin exchange platforms interested to expand their network of bank accounts;
    • Bitcoin companies who wish to establish a relationship with our global network of Bitcoin-friendly banking institutions.
  • Other corporate banking considerations

    • In certain cases our Clients will need to legalize or apostille company documents in their country of origin;
    • It is a difficult task to obtain corporate account approval for a foreign company, when shareholders and directors and bank signatories reside overseas;
    • There is a 10% probability the banks will request a bank signatory to travel for a one hour bank interview. Healy Consultants will try its best to negotiate with the bank for a travel exemption. If our Client must travel to the country for corporate bank account opening, Healy Consultants will refund our Client US$1,150;
    • The banks enjoys ultimate power of approval of corporate bank account applications. Consequently, guaranteed success is outside of Healy Consultants’ control. What is inside our control is the preparation and submission of a high quality bank application that maximizes the likelihood of approval;
    • It is important our Clients are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfill those obligations annually. Let us know if you need Healy Consultants help to clarify your local and international annual tax reporting obligations;
    • Global banks continue to tighten corporate bank account opening procedures, their internal compliance departments completing more thorough due diligence of Clients. Furthermore, global banks now require evidence of proof of business in the country where the corporate bank account will be, including sales contracts or lease agreement. As the engagement evolves, global banks may revert to Healy Consultants at any time during the process to request additional information. This unforeseen event will delay previously estimated engagement deadlines.

Frequently asked questions

Contact us

For additional information on our bitcoin business corporate bank account services, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal