Offshore Corporate Bank Account |
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An offshore corporate bank account is an excellent way to support an offshore company. Healy Consultants offers a wide range of offshore corporate banking services catering to the needs of global traders and business people, including assistance with opening an offshore merchant account. |
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Offshore Corporate Banking Services include: |
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1. |
A comprehensive offshore corporate bank account application must be supported by detailed information on the company's activities (including proof of business such as examples of contracts and invoices etc), information on the company's clients and suppliers, as well as information about its management team (shareholders and directors) and financial projections. Our offshore corporate banking team will help prepare the necessary package of information to the bank's satisfaction. |
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2. |
Offshore corporate banking service standards are inferior to those in established Asian banking centres such as Singapore and Hong Kong. While Healy Consultants endeavours to ensure that your offshore corporate banking experience is positive and efficient, we do not normally recommend a offshore corporate bank account to our clients when building global corporate structures. |
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Healy Consultants staff will prepare the offshore corporate bank account application forms and attend a bank interview on your behalf. We are one of the few global professional firms to provide this service. |
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4. |
Offshore jurisdiction governments request local banks to implement strict 'know your client' procedures as part of their Offshore corporate banking and offshore merchant account policy. Prior to opening a offshore corporate bank account or Offshore merchant account, our client will be required to submit information on the company's activities and shareholders' and directors' details. |
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As a result of the above, and other bureaucratic hurdles in the offshore jurisdiction, it is difficult for international companies to open a offshore corporate bank account or offshore merchant account. That said, Healy Consultants Offshore corporate banking team has a 100% approval record for obtaining offshore corporate bank account approvals for our clients. |
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Our clients are not required to be in person when opening a offshore corporate bank account. Our Offshore banking team has an excellent relationship with international banks in Offshore and will undertake the necessary Offshore corporate banking tasks on your behalf. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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7. |
Healy Consultants requires additional client due diligence, in addition to the information required by the bank, to enable us to assist with your offshore corporate bank account or offshore merchant account requests. |
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8. |
Please note that it will take two weeks for Healy Consultants' offshore corporate banking team to prepare a complete offshore corporate bank account or Offshore merchant account application/proposal for submission. |
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Following submission of the offshore corporate bank account or offshore merchant account application, the bank typically requires a minimum of three weeks to review and approve the proposal and provide bank account numbers. The bank then issues Internet passwords and an ATM card a further two weeks afterwards. |
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10. |
Healy Consultants' fee to help you open a offshore corporate bank account amounts to US$2,300. This fee includes the time spent by our offshore corporate banking team liaising with the bank, submitting the offshore corporate bank account application, attending a bank interview on your behalf, and preparing a detailed business plan as required. Please note that this fee does not include the initial deposit required by the bank. |
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11. |
Healy Consultants' fee to help you open an offshore merchant account is US$3,450. Healy Consultants will handle
the Offshore merchant account application from start to finish, there will be no additional
costs for you to consider. The time period from initial application to having
the Offshore merchant account operating is three weeks. |
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Contact Us Back to Offshore Company Formation page. |
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Buy Healy Consultants' Asia Business Set Up book. To order, call (+65) 6735 0120 or contact email@healyconsultants.com
