Open bank account for business is the most common inquiry that we receive every time. Most of the companies would like to expand their businesses globally and offer their products and services to overseas consumers. Thus, a foreign multi-currency bank account can help them to receive different types of currencies. It is a cost-efficient approach if we would be able to pay our service provider with different currencies without paying for the exchange rate. There are more advantages to use a foreign bank account for your business. In our other article "Why open an offshore bank account?", we have explained in more detail.
You might have a local company in your city of residency. Domestic companies are normally performing their business locally within certain areas.
When local companies try to expand their business globally, a foreign bank account that supports different currencies is a must. Without a flexible bank account, it is impossible to do business with other countries.
It is also more convenient when you pay your service providers with the currency they invoice you. For example, assume one of your service providers is located in Europe and invoice you in EUR currency. You can pay them with your EUR account directly without paying an additional currency exchange rate. Some banks even provide you with a low transaction fee when you send money to the bank that is located in the EU area.
Oobac can open your company's account with the fastest and easiest way.
An offshore company is a company you establish in a foreign country that has low or zero tax obligations.
It is a very good choice for startups and new businesses that are looking for a cost-effective company structure.
There is a possibility to get a corporate bank account for your offshore company exactly in the same country; however, we normally suggest having a different bank account in a different jurisdiction. This will make your business structure more secure and private.
Although offshore companies have now become very stable and useful, they are normally offered by small and developing countries. They do not have as much power as large and developed countries, so it is better to keep the account and company separately unless you have specific reasons.
This is a professional way to use an offshore company.
Opening a personal bank account in overseas banks is not as difficult as a corporate account. In the current situation of the world, it is reasonable to diversify your assets and funds. Having your funds in different banks from different countries is a wise choice.
An overseas bank account is very useful for freelancers who work from home. You can get paid with the currency of your choice and spend it whenever you like. Most banks offer a debit card that can be used everywhere globally.
Opening a bank account under an alias is possible only in one bank. This is a AAA class private bank in Liechtenstein.
The pseudonym account is a type of personal account and only offered to high-end clients. There is no such an account for corporate.
Please note that this is different from the so-called "Number Account" which is not sufficient without a name. Pseudonym Account has a name, so you can use this account in a normal way and your real name is never revealed.
Foreign Exchange Currency (Forex) trading is one of the largest markets in the world; however, opening a bank account in foreign banks to deal with Forex brokers becomes very difficult.
Due to some limitations in the home country, people tend to register in Forex companies outside of their country of residence. Thus, they try to open bank account in other jurisdictions.
Some prefer to incorporate an offshore company and trade with their company. There are only a few offshore banks that accept clients who are active in Forex trading. The first condition is that you should only trade with your own fund. Trading with third party funds strictly prohibited unless you have a valid license.
One of the easiest ways for companies and businesses to get paid is using services like Paypal, Neteller, Skrill, and the like.
Each of them has its own requirements, regulations and limitations. It is not easy to get an account for all offshore companies if you do not meet their requirements. Especially, opening a Paypal bank account needs its own business structure. First of all, you need to make sure that Paypal has an office in the country you would like to incorporate your company. You can check the list of countries from the following link:
In most cases, you need to show that your company has a bank account in the same jurisdiction as your company. So, we suggest you consult with one of our advisors or Paypal before establishing your offshore company.
Although many big banks prohibit buying/selling Bitcoin and other cryptocurrencies like Ethereum (ETH), XRP, Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP) and etc using your bank account or debit/credit, there are still banks and financial institutions that allow you to buy bitcoin and similar cryptocurrencies.Contact Us NOW!
There are more than 20 banks in Mauritius that are licensed by the Bank of Mauritius. They provide a wide range of services like multi-currency account, internet banking, debit card, and international banking.
Initial Deposit: between EUR 5,000 to 30,000
Personal visit is not required.
Service fee (Personal account): EUR 1099.00
Courier fee: EUR 70Order Now
Service fee (Corporate account): EUR 1199.00
Courier fee: 70EUROrder Now
work with OOBAC
We have been in this business for more than 15 years.
We have successfully opened more than 1,000 quality overseas bank accounts.
We find the most suitable bank for your needs.
We will guide you on how to use your e-banking if your English is not enough.
We provide free consultation via email, Skype, Line, and phone.
An initial deposit is a fund that you deposit to your new account to activate it. Each bank has its own specific initial deposit and it varies between banks. Most of the banks request between 500$ to 1000$; however, there are banks that require you to deposit 25,000$ to 300,000$. In Oobac, we try to open bank accounts in banks that have minimum requirements.
For opening a bank account, you need to get all your personal documents, uch as passport copies, proof of address, ID copies, to be certified by authorities.
None certified documents considered as not valid documents.
One way is to go to the notary public or other authorities near your place and get your documents certified. If you are uncomfortable to certify or translate your documents in your hometown for your privacy, there is an online certification company which certify your documents officially. Please contact us if you need more information regarding this company.
In addition, our advisors are the official agents, eligible introducers, and business partners with many banks. We can certify your documents for some of those banks.
Normally, most of the banks we work with offer debit cards or ATM cards that can be used everywhere. So, you can withdraw cash at any ATM, buy your grocery, and purchase online. Some banks offer different types of credit cards too; however, there are some limitations for non-residents' account holders. Please contact us for more information.
We in Oobac will support you in opening the bank account (corporate, personal, or anonymous). Once the account is opened, you are entirely responsible for managing and handling the account. Even though we are the bank's business partner and official agent, we are not authorized to make changes to your account. The banks and mobile wallet institutions have strict security policies that we should follow. This includes placing the power of account responsibility to you, the account owner. Although in some company structures, nominees are directors or shareholders, we will introduce the beneficiary owners as authorized personnel to manage the account. So this will assure that you have the full power to control your account.
Each bank or mobile wallet institution has its own banking structure and system, which might vary between countries. Make sure you have an adequate understanding of their system, procedure and ploicy, so you can work with your account easier.
Some banks introduce a direct account manager who can help or assist you during your banking experience with them. Make sure to communicate with your account manager to get better information and offers. Sometimes, banks offer new products or interesting investment opportunities that can be useful for you. Building a good relationship with your banker brings you more advantages.
A checking account is a form of the deposit account held by a bank or a financial institution. It is often called a current account, transactional account, or demand account. Checking account holders use it for their everyday transactions because it usually allows unlimited numbers of deposits and withdrawals. The funds in checking accounts are accessible via checks, e-checks, automated teller machines, ATMs, and electronic debits. This is a very convenient bank account to pay bills, shop online or execute an online transfer. Banks offer a few types of checking accounts like student account, joint accounts, and commercial accounts. Commercial accounts are used by businesses to carry on their day to day transactions while joint accounts are mostly used by married couples or partners. Some banks provide checking account for students with low and zero maintenance fee, so they can use this account until they are graduated.
This is a cheap and flexible bank account. Banks normally do not make much profit out of it. They use it as a marketing tool to attract customers, so they can offer more profitable services like loans, credit cards, and certificates of deposit.
Make sure to ask the banker about the minimum balance requirements and overdraft fee when you are opening a checking bank account. Some banks apply a higher maintenance fee for low balance accounts and have high overdraft fees.
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NOTE:We provide free consultation via phone, Skype, line, WhatsApp, and the like. Please register in Oobac and request for a phone number if you prefer to talk via phone. For the Japanese language support please use Oobac messaging system or Skype. Feel free to contact us at any time.Register NOW!
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