European banks

European banks

Opening a bank account abroad is considered standard practice for any person. It is required for non-residents who engage in business activities in an EU country. In such a case, the owner is given the opportunity to engage in translations, making purchases, and receiving finance from foreign suppliers and customers.

For residents of Ukraine who are not engaged in entrepreneurial activities, you can open a bank account to accumulate savings, purchase real estate, and so on.

The goal doesn’t matter – corporate or personal, each European bank offers users favorable terms of cooperation. Many banking institutions put forward their own requirements.

Specialists working in our company will be able to study in detail all the subtleties and nuances of European legislation and prepare the necessary documentation for registration.

Proper opening of an account in a European bank: services of our company

Highly qualified employees of our company provide people with various services. They know how to competently open a bank account in an institution in European countries.

How to open an account in a European bank for a non-resident: necessary documentation

The registration process and list of documentation vary. It all depends on the state where you want to register an account. Regardless of the banking institution you choose, you will not be able to apply without:

• copies of personal documents of the owner, head of the company;
• confirmation of the address where you live (you can use a recent receipt for public services) of the manager, owner of the company;
• constituent documents of the enterprise;
• certificate that the company has a good reputation (sometimes required);
• brief description of business profile;
• financial statements;
• certain contracts with suppliers, customers, partners (in certain cases).

To find out exactly what documentation you need, please contact our company for advice. Our specialists will advise, help you register with an EU financial institution, and prepare the necessary papers.

We try to accompany our clients until they achieve the desired result and provide them with legal services at a high level.

Opening a bank account in Europe and other services

Our specialists will open an account in Europe. They also provide clients with the following services:

• advise on legal issues;
• help you choose the optimal bank and jurisdiction for the company’s development;
• prepare the necessary documentation;
• analyze the agreement with a banking institution;
• help you choose additional services;
• advise regarding service issues, commissions;
• legally accompany foreign economic activity and so on.

Main stages

In general, the process itself consists of the following stages:

1. The necessary papers are prepared, including an application form and a referral to a financial institution.
2. The applicant meets in person with a bank representative or via video conference (sometimes the owner is replaced by a representative).
3. An account is opened.

Having assessed a potential foreign partner, a bank employee performs the following procedures:

1. Verification. Every bank complies with the “Know Your Customer” requirement. To do this, they find out everything about the applicant (where the profit comes from, type of business activity, place of residence, etc.).
2. Due Diligence. The bank must know for sure that the person – a law-abiding person, that the finances that he decided to deposit into a financial account come from legal sources, taxes are written off from them.

Since the laws of countries differ, opening accounts in European banks differs in each case.

How to open an account in a European bank? Advantages

European countries are considered economically stable. Therefore, you can protect your finances from depreciation. In addition, banks in Europe have the following advantages:

1. They work with various currencies and use cards.
2. Help in tax optimization. Also in opening different accounts for different profits. They prepare tax returns, which makes it possible to avoid double taxation.
3. They do not carry out currency control. There is also minimal interference from the country itself.
4. They offer convenient online applications, remotely manage accounts, check funds at any time of the day, and so on.
5. Guarantee confidentiality due to strict requirements.

If you have a desire to start cooperating with an EU bank, then you should definitely contact our company. We will select an individual solution for any user!