Opening a bank account for business
Opening a corporate bank account is an important step for legally operating a company and managing finances effectively. Whether you are launching a startup or expanding your business overseas, a bank account in the chosen jurisdiction is an essential part of regulatory compliance.
Here’s how Fidustria can help you open a business account in just 5 easy steps.
Step 1: Register your company
Before opening an account, the company must be officially registered in the chosen jurisdiction. This includes:
- Selecting a name and legal form (e.g. LLC)
- Registration in the state register
- Obtaining a registration certificate and other official documents
Without these documents, the bank will not accept the application.
That is why Fidustria ensures full preparation from the very beginning – we collect and check the documents in advance to avoid delays and surprises.
Step 2: Choose a suitable bank
Explore the offerings and choose a bank that works with corporate clients in your jurisdiction. Pay attention to:
- Requirements for opening an account
- Online banking options
- Support for multi-currency transactions
- Commissions and transaction costs
- Reputation and level of customer support
You can choose a local or international bank with an office in the region.
Fidustria analyzes the specifics of your business and recommends what is best — a local bank, an international bank or EMI (electronic payment system) — so that you can start working as quickly as possible.
Step 3: Prepare the necessary documents
Banks are required to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) laws. Typically, the following are required:
- Certificate of registration
- Charter and constituent documents
- Certificates of Directors and Shareholders
- Confirmation of legal address
- Passport details and proof of address of directors and beneficiaries
- Description of the company’s activities or business plan
- Documents on the origin of funds
All documents must be duly certified and, if necessary, translated into the official language of the bank. The Fidustria
team will ensure the accuracy, completeness and compliance of the documents — to avoid delays in the consideration of the application.
Step 4: Interview or remote meeting with the bank
Banks typically require an interview or video call with the directors or beneficiaries of the company in order to:
- Confirm identity
- Get to know the business model
- Assess potential risks
Some banks allow remote account opening, depending on the bank’s policy and business specifics.
Fidustria strives to minimize the need for personal presence and organizes convenient communication with the bank.
Step 5: Top up your account and start working
Once your application is approved, your account will be activated and you will be able to:
- Contribute start-up capital
- Get access to internet banking
- Order debit or credit cards
- Make incoming and outgoing payments
It is important to clarify the minimum account balance requirements in advance — they depend on the specific bank.
Conclusion
Opening a corporate account in a new jurisdiction is a clear, regulated process that requires preparation, compliance and transparency. With Fidustria, you receive reliable support at every stage — from document preparation to account activation.
Trust our expertise in international banking and compliance – and focus on growing your business with confidence.