BANK ACCOUNT OPENING

Due to our extensive involvement in offshore banking and international financial activities, we are well-placed to provide informed advice to our clients based on our deep insights.

It’s crucial to note that BVML is not an offshore bank, but rather an international provider of corporate and trust services. Nonetheless, many of the companies and trusts under our administration choose to open accounts with international and offshore banks rather than domestic ones for several reasons:

• Familiarity with offshore and international business practices
• Global investment and business perspectives
• Tax efficiency
• Confidentiality
• Absence of foreign exchange controls
• Access to unique investment opportunities

HOW DO YOU OPEN A COMPANY BANK ACCOUNT?

Opening a bank account through a management company typically involves several straightforward steps:

1. Choosing the Management Company: Select a reputable service provider like BVML that specializes in setting up bank accounts. These companies excel in assisting both businesses and individuals with various administrative tasks, including banking.
2. Contacting BVML: Initiate the process by reaching out to BVML via their website, email, or phone. Our team will guide you through the necessary information and documentation requirements.
3. Providing Required Documentation: Prepare and submit essential documents, such as:
   • Identification documents (passport, national ID, etc.)
   • Proof of address (utility bill, lease agreement, etc.)
   • Business documents (if applicable), such as incorporation certificate, memorandum, articles of association, etc.
4. Choosing the Bank: BVML maintains partnerships with banks and offers tailored recommendations to meet your specific needs, such as international banking or currency preferences. They will assist in selecting the most suitable bank from their network.
5. Completing Forms: Fill out any required forms or applications provided by BVML and the chosen bank.
6. Submitting Your Application: BVML will handle the submission of your application to the bank, ensuring all documentation is meticulously prepared and in order.
7. Bank Approval and Account Setup: Upon approval by the bank, you will receive your account details.
8. Activating Your Account: Follow the bank’s instructions to activate your account, which may include making an initial deposit or fulfilling other requirements.
9. Confirmation: BVML will notify you once your account is active and offer ongoing support as needed.

It’s crucial to partner with a reputable management company like BVML, experienced in bank account setups, to ensure a smooth and compliant process.