Things Needed For Opening Offshore Company With Bank Account

There are lot of things that need to be considered before setting up a company offshore. Apart from selecting the right destination, there are many legal formalities required before opening an offshore company. These days, there are few trusted agencies that assist and help you opening an offshore company. They take of everything and make sure you do not face any trouble regarding your company. When you are planning to open an offshore company, a bank account in the same city is of absolute necessity and if you are planning to open an offshore company with bank account, there are few things that you would need. All banks do not require a physical interview and many provide the option of opening an account online as well depending on few factors. There are paperwork involved and these paperwork need to be absolutely okay for opening a bank account. If you are planning to open an online account, make sure the package you send to your bank, has the following documents:

* Letter mentioning the purpose: Draft a letter in favor of the bank manager telling the purpose of your company and of course the bank account. Also mention the approximate annual turnover and provide information of possible origin of the funds. Provide any other fund related information even if you bank does not ask for it to avoid troublesome scrutiny later.

* Proof of existence of your company:  Providing evidence of the legal existence of your company is important. Certificate of Incorporation or some other certificates which proves the legal existence of your company will be helpful. 

* Provide the company charter: Providing a copy of any form company’s charter is also important.

* Director’ mandate: Though some banks might provide a resolution that needs to be signed by the director, there are many that do not provide. In such cases, draft a resolution that has been signed by the company’s board of directors that authorities the bank to act as the company’s depository for funds. This also important to make the signing authority clear.

* Legal Capacity of the director: Make sure of providing a firm proof of the company’s directorship. Take to the bank or take help from agencies that provide assistance regarding these matters to know what exactly can be useful in this case and what all will be relevant.

* Shareholders: Mostly all banks require all information about the shareholders of the company. While some provide their own declaration that needs to be completed and signed by the signing authority of your company. 

* Identity Proof: Providing an identity proof of all the signing authorities is mandatory. That proof can be anything like your passport or driving license. Some may also ask for copy of identity proof of all the directors. 

* Bank Reference: This is not common though few banks might ask for reference letters from other banks for each signatory.
 

These are few of the things required for opening an offshore company with bank account. It is best to hire the services of companies that provide assistance regarding everything related to an offshore company.