Banking services
Bank Accounts
CONFIDUSS provides Corporate and private bank account opening in EU countries and jurisdictions around the world. We collaborate with more than 20 banks worldwide and our services are specifically tailored to the client’s needs.
Whether storing your money in an onshore or offshore bank account, banking privacy and security is a major concern. It is crucial that your anonymity and your finances are safe. Allow us to advise you on best solutions to meet your requirements and your company structure as well as accompany you throughout the entire set-up and maintenance process.
Open a Bank accounts in various jurisdictions
Setting up an offshore bank account is not simple now days, its real challenge! Banks don’t take risks like 2-5 years ago, Clients profile should be crystal clear with documents proofing source of funds, thus are two of main issues, we will help to present to Bank in right manner. We would be delighted to assist you and we will provide you with all of the information you need to set up an offshore bank account.
Opening an offshore account is available to individuals as well as legal persons. The reasons for it may include:
- Collecting funds
- International banking activities
- Investing
- Payroll purposes
- Asset protection from impending legal action
- Protection from political turmoil
- Other reasons
Things to keep in mind
Be aware that each bank`s conditions differ so you must choose one based on your particular business demands. There are also significant differences in minimal amount of funds required to own an account. For instance, certain banks would prefer much wealthier clients with high gains and investments while others are better suited for smaller start-up companies. Additionally, a number of banking institutions require official meeting with the IBC owner, usually before account opening or at some point after it has been activated.
Bear in mind that banks reserve the right to reject a client`s application if there are suspicions of illegitimate business or any other reasons that might be considered as grounds for refusal. However, once we`ve gotten to know the origins and nature of your business, CONFIDUSS will suggest the most suitable option for your company.
Latvia: Bank account opening
Latvia has become a Nord European financial centre and offers World class Banking services to non-residents and offshore companies. Latvian Banks is TOP choice for our clients worldwide since Cyprus Banks crisis in 2012.
When a non-resident is looking for a secure place to deal with his or her monetary transactions, a credit institution in Latvia could be the answer. Since banks may choose to refuse or accept an application for opening a bank account for a non-resident, we can make your life easier. We work with a global perspective of the banking needs of our clients, and our lawyers insure that they receive full support and help to avoid any possible problems related to banking services for non-residents.
Banks in Latvia offer the following services:
- multi-currency accounts;
- offshore internet banking services;
- major credit and debit cards;
- account access 365 days per year;
- assistance in English;
- government compensates deposits up to EUR 100,000
Banking secrecy
Among our Partner Banks confidentiality is most important issue, serving non-residents and offshore companies is priority of most of banks, so Banks secret is on Highest level. Banks will disclose Beneficiary owner and attorney information only, if serious criminal case is initiated.
Automatic exchange of information
Automatic exchange of information is the systematic and periodic transmission of tax information by countries to the residence country concerning various categories of income, such as dividends, interest, gross proceeds, royalties, salaries, pensions, etc. (read more)
In beginning of year 2017 ALL EU countries banks and banks from member countries of OECD will exchange information with other OECD countries in accordance with the EU Savings Tax Directive and OECD memorandum. All OECD banks must report to the tax authorities the interest earned by individuals, who are residents of other OECD countries. That information is passed to the tax authorities of those countries.
Some of Confiduss partner banks are not members of OECD and don’t follow Automatic exchange of information rules.
Automatic exchange of information
Confiduss experts will will provide you with Full range of Account opening services:
- Advise in choosing the bank to fit your business and personal needs
- Collect, analize and advise on corporate nad private documents and business information
- Manage a Bank account opening remoutely, you dont have to visist bank, our company has special legal rights to Idetify client. Most of banks will open account with no personal visit required.
Our experts will analyse and advise on best practice for all required corporate documents in accordance with the bank requirements. The bank requires the following personal documents from each Beneficial Owner, Director and Signatory:
- Valid passport (pages containing photo, signature and personal details)
- Proof of residential address (original utility bill with individual’s name and residential address)
- CV as personal experience description
- Educational documents
- Source of funds, if total turnover exceeds 350 000 Euro per year
The bank requires the following information regarding Business model:
- Detailed business description with names and web addresses for min 3 suppliers and clients
- Business turnovers per month, year, maximum value of transactions
The bank usually opens a corporate account in 10-15 business days after receiving completed application forms, corporate and personal documents and verification of clients personal documents and business information.
After that we will send you internet bank access code Calculator called Digi pass via courier.
No initial deposit and no minimum balance is required in most of our partner banks.
Internet banking system
For daily banking services clients uses Internet banking system remotely, together with credit cards that allow to fully control and use corporate or private finances.
All of our Partner banks has Modern and safe Internet banking systems for daily transactions and communication with your banker.
Debit and credit cards
The banks offer debit cards Visa, MasterCard and American Express to international business companies. As a result, clients have the following advantages:
- 24/7 access to funds in any place of the world
- Worldwide acceptance for any online or in store purchases
- Worldwide cash withdraw
- Accounts in USD, EUR, GBP, CAD CHF and more
There are no credit limit and security deposit for debit cards. As soon as a client has a positive balance on his corporate account, he may use the card.