Opening Bank Accounts
BANK ACCOUNT OPENING IN ANY JURISDICTION
Once a company is incorporated the most common inquiry from the client is the opening and operation of bank account for their company. A company needs to maintain a bank account in order to be able to transact its business effectively.
In light of this, we have cultivated competence and banking network that allows us to open accounts for all type of companies under our management. Of course, it remains at the full discretion of the bank as to whether to open a bank account or not, but we ensure that we will advise on all the requirements of the respective bank prior to submitting our application.
KEY BENEFITS OF OPENING A BANK ACCOUNT WITH OXFORD
Once a company is incorporated the most popular requirement from the client is the opening and operation of bank accounts for their company.
SUPPORTED BANKING FACILITIES
As a prevailing standard, the following facilities are ready for use form the fiscal establishments with whom we work:
JURISDICTIONS WE WORK WITH FOR THE OPENING OF BANK ACCOUNTS
A Company may choose to open bank account where it prefers. As for example, a company incorporated in Cyprus may have its bank account in Switzerland or the other way around. In order to find out the most suitable jurisdiction for the bank account, kindly get in touch with one of our advisors who will be more than glad to assist you.
Oxford opens bank accounts in the following nations: Cyprus, UAE (Dubai), Germany, United Kingdom, Switzerland, Hong-Kong, Malta, Lichtenstein, BVI, Mauritius and Gibraltar.
DOCUMENTS REQUIRED FOR OPENING A BANK ACCOUNT
As a prevailing standard, most banks request for a certified true copy of the director and shareholder’s passport (ultimate beneficial owner) a bank reference letter, source of wealth and also the current proof of residence which should be less than three months old.
The opening of the bank account will be done through exchanging correspondence. In UAE, banks may also request for a CV and may also require the shareholder to sign all documents at their presence.