Opening a bank account ─ the best solution for preserving your capital

Opening an account abroad

Collaborating with foreign partners, establishing branches in other countries, and other aspects of operating overseas require having a bank account. IFB provides comprehensive services for opening business and personal checking accounts, from consultations on choosing financial institutions to providing clients with requisites.

Banking services for businesses abroad are also available in digital format. For instance, EMI (Electronic Money Institution) is a license for issuing virtual money that helps diversify risks and reduce operational costs for clients in both digital financial services and traditional banks. Additionally, an EMI license allows business owners to process payments, conduct debit or credit transfers, and perform other standard financial operations.

Our consulting company will help you select the appropriate solution for managing fiat electronic currency.

Types of bank accounts

Personal account for individuals. Our experts assist in compiling a complete document package for the bank, as well as prepare responses to the financial institution’s inquiries. All that is required from the client is an internal and international passport.
Corporate account for companies. We provide assistance in company registration, opening foreign bank accounts tailored to clients’ requirements. We assemble the document package and submit them for account opening in a foreign bank either online or in person. For non-residents to obtain requisites, corporate documents of the company, data on beneficiaries, directors, and authorized signatories will be needed.

Opportunities and benefits of foreign bank accounts for foreigners

To successfully develop a business and enter the international market, having a clear and well-thought-out strategy is essential. One of its key elements will undoubtedly be opening a multi-currency account in a foreign bank. Such a decision significantly simplifies conducting transactions in different currencies and facilitates fund conversions, which is particularly relevant for companies collaborating with foreign partners from various countries.

Business owners can also open offshore accounts, which allow them to preserve capital during political instability and currency devaluation.

Opening an account in a foreign bank provides you with several advantages:

High level of confidentiality for your data
Flexible account usage conditions and 24/7 access
Convenient account management and personal manager support
Favorable investment and deposit placement offers
Option to open a multi-currency account
Guarantees for fund retrieval in case of bank bankruptcy (common practice in EU banks)
No limits on transaction amounts
Tax optimization opportunities

At IFB, we have been working with numerous financial institutions for many years, which makes us well-informed about all the legal procedures and nuances of opening accounts in different countries around the world.

What’s included in the banking services

Consulting
Preparation of the necessary document package
Legal support during the account opening process
Mediation between the client and the bank
Translation services

The cost of the service is calculated individually for each client as it depends on the type of business, the selected country and banking institution, desired account servicing conditions, etc.

How can you open an account in a foreign bank?

Our collaboration will follow these steps:

STAGE 1

Consultation

We hold a meeting to get acquainted with your business activities, discuss your goals and preferences. Afterward, our manager provides several suitable proposals.

STAGE 2

Agreement

Together, we agree on the optimal bank choice for opening an account abroad. Then, we sign a contract that stipulates all the cooperation conditions.

STAGE 3

Prepayment

After you make a 50% prepayment of the service cost, we gather the document package and initiate the account opening process.

STAGE 4

Account Opening

We work with the bank and oversee each stage. Upon completion, we provide you with the account details and access, while you pay the remaining 50% of our service cost.