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Account in a foreign bank or payment system

Account in a foreign bank or payment system

Open an account in a foreign jurisdiction with all your business needs in mind. We provide the most up-to-date information, the best corporate accounts and confidential service.

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We open accounts with the following international banks

United Arab Emirates

Differences between a bank account and a payment system

  • Payment system - a payment operator that receives a percentage and/or fixed amount from the customer on each incoming/outgoing payment
    • A payment system can conduct funds through banks that, for certain reasons, cannot open an account for the customer. Thus, the customer's counterparties receive payment from the bank
      • Most payment systems do not provide cash storage services, but there are exceptions
        • Banks require a minimum balance / deposit to open an account. These funds are frozen by the bank with no possibility of use
          • It is easier to open an account in the payment system than in a bank due to remote verification of the manager and owner of the company
            We do not recommend buying ready-made companies with an open bank/payment system account, as the costs of re-registration will be expectedly higher than opening a fresh account for the company. In addition, the bank reserves the right to close the account if the company's activities change

            Minimum requirements

            • 01
              Corporate documents of the company: certificate of incorporation, articles of association, minutes of appointment of director, registers of directors, shareholders, beneficiaries, share certificate
              • 02
                Documents for company owners, legal entities and individuals: passport or ID, utility bill (not older than 3 months)

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                Personal Data Processing Policy

                Procedure for opening an account with a foreign bank or payment system

                • 01
                  Submission of the necessary documents and filling in the questionnaire. It reflects the following issues: activities, company structure, expected turnover on the account, number of transactions, etc. The bank will require disclosure of information up to the final beneficiary in case the owner of the company is a legal entity. The bank or payment system reserves the right to request additional information / documents at any stage of account opening
                • 02
                  Sending data for approval and precompensation. The procedure will help to determine the possibility of opening an account in the selected payment instrumen
                • 03
                  Verification of a company director by a bank or payment system. When opening an account with a bank, verification can be carried out both remotely and in person
                • 04
                  Submission of documents requested additionally and waiting for the final verdict after preliminary approval. The bank or payment system reserves the right to refuse to open an account without giving reasons at any stage

                BCA will help you do business abroad correctly

                3 minutes
                average response time to request
                5 languages
                6 offices
                10 days
                average service delivery time

                Calculation of cost of services

                Submit your application right now and receive favorable terms of cooperation within an hour

                Personal Data Processing Policy
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