Opening a bank account for your business
Opening a corporate account is an important step in running a business legally and managing your finances effectively. Whether you are launching a startup or expanding your business internationally, having a bank account in your chosen jurisdiction is a must-have for compliance.
Here’s how Fidustria helps you open a corporate account in 5 easy steps.
Step 1: Register a company
Before opening a bank account, the company must be officially registered in the chosen jurisdiction. This includes:
- Choosing a company name and legal form (e.g., LLC).
- Registration in the relevant state register.
- Obtaining a registration certificate and other official documents.
Without these documents, the bank will not consider the application.
Therefore, Fidustria ensures full preparation from the very beginning – we collect and check all documents in advance to avoid delays and unpleasant surprises.
Step 2: Choose the right bank
Research your options and choose a bank that serves business clients in your jurisdiction. It is important to consider:
- Account opening requirements
- Online banking and available features
- Support for multi-currency transactions
- Monthly fees and transaction costs
- Bank reputation and level of customer support
You can choose either a local or an international bank with a presence in the region.
Fidustria analyzes your business and recommends the most efficient solution — a local bank, an international institution or an EMI (electronic payment system) — to quickly activate financial transactions.
Step 3: Prepare the necessary documents
Banks are required to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. You may need:
- Registration certificate
- Memorandum and Articles of Association
- Certificate of Directors and Shareholders
- Company address confirmation
- Identification documents and proof of address of beneficiaries and directors
- Description of activities or business plan
- Documents confirming the source of funds
All documents must be duly certified and translated (if required by the bank).
Fidustria will ensure the correctness, completeness and legal compliance of the package to avoid delays in processing the application.
Step 4: Interview or remote meeting with the bank
Banks usually conduct an interview or video call with the directors or beneficiaries of the company in order to:
- Identity checks
- Introduction to the business model
- Potential risk assessments
Some banks allow for completely remote account opening, depending on the company’s policies and profile.
At Fidustria, we always strive to minimize the need for physical presence and ensure a comfortable experience during this stage.
Step 5: Deposit your start-up capital and get started
Once your application is approved, your account will be activated. You can now:
- Contribute initial capital
- Use online banking
- Order a business debit or credit card
- Make and receive payments
It is worth clarifying the minimum balance requirements in advance – they depend on the bank.
In conclusion
Opening a corporate account in a new jurisdiction is a structured process that requires preparation, accuracy and transparency. With Fidustria, you are supported at every stage, from document collection to account activation.
Take advantage of our expertise in international banking and compliance — and focus on growing your business with confidence.