Bank Account Opening for Offshore Companies

Get experts' total assistance in opening your bank account for your offshore company remotely. Leverage our expertise in the complex and uncertain process of dealing with banks worldwide.

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Bank Account Opening for Offshore Companies

We are active in over 15 jurisdictions

Cyprus country flagSt. Kitts & Nevis country's national flagSeychelles country's national flagThe Cayman Islands FlagSt. Vincent & Grenadines country's national flagBelize country national flagSeychelles country's national flagMauritius country's national flagSamoa FlagThe British Virgin Islands (BVI) FlagSeychelles country's national flagBahamas country's national flag
Seychelles country's national flagThe Cayman Islands FlagAnguilla country's national flagMarshall Islands country's national flagCyprus country flagBahamas country's national flagSt. Kitts & Nevis country's national flagPanama country's national flagThe Cayman Islands FlagSt. Vincent & Grenadines country's national flagSeychelles country's national flagMarshall Islands country's national flag

Bank Account Opening Service



A bank account can be opened online from anywhere.



A complex and uncertain process is demystified for you.



Guided document collection and organization



Premium bank account opening service at very low cost.


Documents required to open a bank account

Find out the documents required in order to apply for your offshore company's business bank account opening

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Company Setup Documents

These include your company's certificate of incorporation, memorandum, and articles of association. They establish the legal existence and structure of your offshore entity.
Included in the package

Good-Standing Certificate

The Certificate of Good Standing (CGS) confirms that your company is compliant with local laws and regulations and has no pending legal issues or outstanding liabilities.
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Previous Bank Statement

Banks may request statements from your existing business accounts to assess your financial history, cash flow, parties involved, and transaction activities.
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Bank Reference Letter

This letter, provided by your current or previous bank, serves as a testimonial of your company's banking relationship, financial stability, and creditworthiness.
Included in the package

Identity and Address Proofs

Certified copies of identification documents, such as passports, and address documents like utility bills for each director and shareholder are necessary.
Included in the package

Detailed Business Plan

This comprehensive document should outline your company's objectives, market analysis, competitive strategy, financial projections, and growth plans.
Included in the package

Business Trading Proofs

These documents provide evidence of your company's commercial activities, including sales contracts, purchase orders, invoices, and vendor agreements.
Included in the package

Account Opening Forms

These forms collect essential information about your company, its ownership structure, business activities, and intended banking services.

Open your offshore bank account

Find out the benefits and reasons to take advantage of our expertise for your offshore company's bank account opening

Remote Opening

Remote Opening

Our service facilitates the hassle-free opening of offshore bank accounts worldwide, sparing you the need for a physical presence and streamlining the process for international clients seeking banking solutions.

Documentation Clarity

Documentation Clarity

Our experts meticulously gather and organize all required documentation, ensuring clarity and completeness to expedite the bank's review process and enhance the likelihood of successful account openings.

Application Follow-up

Application Follow-up

We provide ongoing support by proactively tracking and following up with banks, promptly addressing any inquiries or requests for clarification, and ensuring a smooth and timely account opening process for our clients.

Valuable Expertise

Valuable Expertise

Benefit from the experience and expertise of our team, who possess in-depth knowledge of offshore banking regulations and procedures, to navigate complexities and optimize success rates for account openings.

Affordable Pricing

Affordable Pricing

Our services are competitively priced, offering a one-time fee for multiple bank applications. In the event of initial unsuccessful attempts, we will continue to assist you in applying to alternative banks at no extra cost to you.

Peace of mind

Peace of Mind

Entrust your offshore bank account opening process to our capable hands and experience peace of mind. Focus on your core business while we handle the intricacies of banking procedures with professionalism and diligence.


Available banking options

Check out the available traditional and electronic (online) banking options for your offshore company's bank account opening

Bank's LocationBank NamePersonal Visit Required?Initial Deposit RequiredOnline Banking Available?
BelizeBelize BankNot requiredUS$ 4,000Yes, available
BelizeCaye International Bank Ltd.Not requiredUS$ 1,000Yes, available
BelizeHeritage BankNot requiredUS$ 3,000Yes, available
British Virgin IslandsBank of AsiaNot requiredUS$ 20,000Yes, available
British Virgin IslandsFirst Caribbean International BankNot requiredUS$ 25,000Yes, available
Cayman IslandsFirstCaribbean International BankNot requiredUS$ 10,000Yes, available
Hong KongBank of ChinaPerson visit is requiredHKD 300,000Yes, available
MalaysiaStandard Chartered Bank (Malaysia)Person visit is requiredUS$ 20,000Yes, available
MauritiusMauritius Commercial BankNot requiredUS$ 50,000Yes, available
MauritiusInvestec BankNot requiredUS$ 50,000Yes, available
MauritiusMauBank LtdNot requiredUS$ 5,000Yes, available
MauritiusBank OneNot requiredUS$ 5,000Yes, available
St. Kitts & NevisBank of Nevis InternationalNot requiredUS$ 10,000Yes, available
St. Kitts & NevisInternational Merchant BankNot requiredUS$ 25,000Yes, available
St. LuciaPROVEN BankNot requiredUS$ 5,000Yes, available
SingaporeDBSPerson visit is requiredSGD 250,000Yes, available
SingaporeHSBCPerson visit is requiredUS$ 200,000Yes, available
SingaporeOCBC BankPerson visit is requiredSGD 30,000Yes, available
SingaporeUnited Overseas Bank (UOB)Person visit is requiredUS$ 100,000Yes, available
United Aarab EmiratesEmirates Islamic BankPerson visit is requiredAED 10,000Yes, available
United Aarab EmiratesRAK BankPerson visit is requiredUS$ 10,000Yes, available
VanuatuPacific Private BankNot requiredUS$ 1,500Yes, available

Electronic Money Institutions

Electronic Money Institutions (EMIs) are digital banks catering to offshore companies, offering online banking services. They provide faster transactions, lower fees, and innovative financial products compared to traditional banks, making them ideal for efficient and flexible offshore banking solutions.

LocationInstitution NamePersonal Visit Required?Initial Deposit RequiredOnline Banking Available?
Hong KongAirwallexNot requiredNot requiredYes, available
Hong KongCurrenxieNot requiredNot requiredYes, available
Hong KongRapydNot requiredNot requiredYes, available
Hong KongStatrysNot requiredNot requiredYes, available
SingaporeAspireNot requiredNot requiredYes, available
SingaporeWallexNot requiredNot requiredYes, available
United KingdomMultiPassNot requiredNot requiredYes, available
United StatesMercuryNot requiredNot requiredYes, available
United StatesPayoneerNot requiredNot requiredYes, available

Are you a professional?

Attorneys, lawyers, finance professionals, investment advisors, and other professionals supporting clients with offshore formations and compliance: We can help you simplify processes and enhance client satisfaction.


Frequently Asked Questions

Find answers to frequently asked questions on opening a company bank account for your offshore company

What challenges may I face in finding the best banks for my offshore company?

Challenges include:

1. Limited banking options: Some offshore jurisdictions may have fewer banking options available, making it challenging to find suitable banks for your company.

2. Compliance requirements: Banks may have stringent compliance requirements, particularly for offshore entities, which can pose challenges in opening accounts.

3. High-risk industries: Certain industries may face difficulty in obtaining banking services due to perceived risks associated with their activities.

Can I open a bank account for my offshore company remotely?

Yes, many offshore banks offer remote account opening services, allowing you to open a bank account for your offshore company without the need for a physical visit. Remote account opening typically involves submitting the required documentation and completing the application process online or through authorized representatives. However, the availability of remote account opening may vary depending on the bank's policies and the jurisdiction where you're opening the account. It's advisable to research and choose banks that offer remote account opening services to streamline the process and accommodate your needs.

Some banks that are known to offer completely remote account opening services for offshore companies include: Euro Pacific Bank in Puerto Rico, Caye International Bank in Belize, Neat in Hong Kong, and OCBC Bank in Singapore. These banks typically allow you to complete the account opening process online or through authorized representatives without the need for a physical visit to the bank's branch. However, it's essential to verify the specific requirements and procedures of each bank before initiating the account-opening process.

Are there any restrictions on the currencies I can use with my offshore company bank account?

While many banks offer multi-currency accounts, some may have restrictions or additional fees for certain currencies. There may be restrictions on the currencies you can use with your offshore company bank account, depending on the jurisdiction and the bank's policies. Some common currencies accepted by offshore banks include USD, EUR, GBP, and SGD. However, certain banks may support a broader range of currencies, including exotic or less commonly traded currencies. It's essential to check with your chosen bank regarding their accepted currencies and any associated fees or conversion rates for transactions conducted in different currencies. Additionally, consider your business needs and the currencies you frequently transact in when selecting an offshore bank account to ensure compatibility and efficiency in managing your finances.

What fees are associated with opening and maintaining a bank account for my offshore company?

Opening and maintaining a bank account for your offshore company typically incurs various fees and charges. Here are some common fees associated with offshore company bank accounts:

Account Opening Fee: This is a one-time fee charged by the bank to open your offshore company account. The amount varies depending on the bank and jurisdiction but can range from a few hundred to several thousand dollars.

Account Maintenance Fee: Banks may charge a recurring account maintenance fee to cover the cost of administering your offshore company account. This fee is typically assessed monthly, quarterly, or annually and varies based on the bank's fee structure and account balance requirements.

Transaction Fees: Transaction fees apply to various activities conducted through your offshore company account, such as wire transfers, electronic fund transfers, check processing, and debit card transactions. These fees can vary depending on the type and frequency of transactions.

Currency Conversion Charges: If you conduct transactions in currencies other than the account's base currency, banks may apply currency conversion charges. These fees are typically a percentage of the transaction amount or a flat fee per conversion.

Wire Transfer Fees: Banks often charge fees for incoming and outgoing wire transfers, including domestic and international transfers. The fees vary based on the destination, currency, and urgency of the transfer.

Overdraft or Insufficient Funds Fees: If your offshore company account balance falls below the required minimum or if you attempt to make a transaction without sufficient funds, banks may impose overdraft or insufficient funds fees.

Additional Service Fees: Banks may levy fees for additional services, such as account statements, account closures, account reactivations, and legal document requests. These fees vary depending on the bank and the specific services requested.

Compliance and Regulatory Fees: Some banks may pass on compliance-related costs, such as anti-money laundering (AML) and know your customer (KYC) compliance fees, to account holders. These fees contribute to maintaining regulatory compliance and ensuring the integrity of the banking system.

It's essential to review the fee schedule provided by the bank and understand all associated costs before opening an offshore company bank account. Additionally, consider factors such as account features, customer service, and regulatory compliance when evaluating different banking options for your offshore company.

What documents do I need to open a bank account for my offshore company?

To open a bank account for your offshore company, you'll typically need the following documents:

Certified Copies of Company Incorporation Documents: Provide certified copies of your offshore company's incorporation documents, including the certificate of incorporation, memorandum, and articles of association.

Government Certification of Good Standing: Obtain government certification confirming your company's good standing status, indicating that it is active and compliant with local regulations.

Previous Bank Statements: Submit previous bank statements from your offshore company's existing accounts, if applicable, to demonstrate your financial history and transactions.

Bank Reference Letter: Obtain a bank reference letter from your current or previous banking institution, attesting to your company's financial reputation and history.

Passports and Address Proofs: Provide certified copies of passports and address proofs for all directors and shareholders of your offshore company, verifying their identities and residential addresses.

Detailed Business Plan: Present a detailed business plan outlining your company's objectives, strategies, and financial forecasts, demonstrating the viability and growth potential of your business.

Business Trading Proofs: Include evidence of your company's business activities, such as sales or purchase orders, invoices, vendor contracts, or other relevant documents showcasing your commercial operations.

Bank Account Opening Application Forms: Complete and sign the bank's account opening application forms, providing accurate information and complying with all required procedures.

It's important to note that this checklist may vary depending on the specific requirements of the bank and the jurisdiction where you're opening the account. Additionally, banks may request additional documents or information based on factors such as your business nature, industry, and compliance with know your customer (KYC) regulations.

Do I need to visit the bank in person to open an account for my offshore company?

Whether you need to visit the bank in person to open an account for your offshore company depends on the bank's policies and the jurisdiction where you're opening the account. In some cases, offshore banks may require a physical visit for identity verification purposes, especially for high-security accounts. However, many offshore banks offer remote account opening services, allowing you to complete the process online or through authorized representatives. It's essential to check the specific requirements of the bank and jurisdiction you're interested in to determine if a personal visit is necessary. Working with professional service providers familiar with offshore banking procedures can also help clarify these requirements and facilitate remote account opening for your convenience.

How long does it take to open a bank account for my offshore company?

The time taken to open a bank account for your offshore company can vary depending on several factors, including the jurisdiction, bank's internal processes, and the completeness of your documentation. In some cases, you may be able to open an account within a few days, while in others, it may take several weeks or even months. Typically, the process involves submitting the required documentation, undergoing due diligence checks, and receiving approval from the bank. Working with experienced professionals can streamline the process and help expedite account opening, ensuring timely access to banking services for your offshore company.

Can I open multiple bank accounts for my offshore company?

Yes, you can open multiple bank accounts for your offshore company. Having accounts with multiple banks or branches offers several benefits, including diversification of banking relationships, access to different services, and increased financial security. It's common for offshore companies to maintain accounts with multiple banks to spread risk and enhance flexibility in managing finances. However, it's essential to consider factors such as account fees, accessibility, and compliance requirements when opening multiple accounts to ensure they align with your company's needs and objectives.

What factors should I consider when choosing a bank for my offshore company?

When choosing a bank for your offshore company, several factors warrant consideration to ensure you select the most suitable institution for your financial needs and objectives. Here are key factors to consider:

Jurisdiction: Evaluate the jurisdiction where the bank operates and the regulatory environment governing offshore banking activities. Opt for jurisdictions known for their stability, regulatory compliance, and favorable tax policies.

Bank Reputation: Research the reputation and credibility of the bank, including its financial stability, track record, and customer reviews. Choose reputable banks with a strong presence in the offshore banking sector and a history of reliability.

Services Offered: Assess the range of banking services offered by the institution, such as corporate accounts, investment services, wealth management, and online banking capabilities. Ensure the bank provides the specific services and features that align with your company's needs and preferences.

Account Requirements: Understand the bank's requirements for opening and maintaining an offshore company account, including minimum deposit requirements, documentation, and ongoing compliance obligations. Choose a bank with reasonable account requirements that are feasible for your business.

Fees and Charges: Evaluate the fee structure associated with the bank's services, including account maintenance fees, transaction fees, wire transfer charges, and currency conversion costs. Look for banks that offer transparent fee structures and competitive rates to minimize expenses.

Currency Options: Consider the range of currencies supported by the bank for offshore accounts. Choose a bank that offers flexibility in currency options, allowing you to transact in multiple currencies based on your business activities and international transactions.

Accessibility and Support: Assess the accessibility of the bank's services, including online banking platforms, customer support channels, and branch locations if physical visits are required. Opt for banks that provide reliable customer support and convenient access to banking services, especially if you operate across different time zones.

Compliance and Security: Ensure the bank adheres to strict compliance standards and regulatory requirements, including anti-money laundering (AML) and know your customer (KYC) procedures. Prioritize banks with robust security measures and a commitment to safeguarding client assets and sensitive information.

By carefully considering these factors, you can make an informed decision when choosing a bank for your offshore company, ensuring that it aligns with your business goals and provides the necessary support and services for your financial activities.

What are the best banks for offshore companies?

When selecting a bank for your offshore company, it's essential to consider your specific requirements and preferences. Here are some factors to consider:

Local Transactions: If your company primarily conducts business locally, choose a bank with a strong presence in the jurisdiction where your company operates. This ensures easy access to banking services and local support.

Prestige Accounts: For enhanced credibility and reputation, opt for internationally recognized banks known for their stability and prestige. These banks offer prestige accounts tailored to high-net-worth individuals and corporate clients, providing exclusive benefits and personalized services.

Remote Management: If you prefer to manage your offshore company's banking affairs remotely, select a bank with robust online banking platforms and remote account opening options. Offshore banks often offer sophisticated digital banking solutions, allowing you to access and manage your accounts securely from anywhere in the world.

Here's the list of banks along with their respective initial deposit requirements for opening an account:
Belize Bank - Initial Deposit: US$4,000
Caye International Bank Ltd. - Initial Deposit: US$1,000
Heritage Bank - Initial Deposit: US$3,000
British Virgin Islands:
First Caribbean International Bank - Initial Deposit: US$25,000
Mauritius Commercial Bank - Initial Deposit: US$50,000
Investec Bank - Initial Deposit: US$50,000
DBS - Initial Deposit: SGD 250,000
HSBC - Initial Deposit: US$200,000
UOB - Initial Deposit: US$100,000

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