Announcement of Fee Adjustment in October 2022
Thank you for your continued support of One IBC. Your pleasure is indeed valuable to us, and we hope that we have succeeded in offering exceptional corporate services to all of our clients.
We will only notify the newest and revelant news to you.
International business friendly
Reputable banks in many continents
Fast, easy and convenient international payments
Supports multiple currencies, including: USD, EUR, GBP, HKD, SGD, AUD, CHF etc
Supports SWIFT/BIC, IBAN/SEPA
Supports debit/credit cards and cheque books in your business/personal name
Letters of credit (L/C)
Favorable transaction fees for inward and outward transactions
Support trading account for Foreign Exchange, Commodities trading
Convenience for wealth management and asset protection
Submit application online
Cost and time efficiency. Especially for those who prefer using nominee structure or have a complicated company structure.
Apply from home: submit supporting documents depending on the prerequisites of your chosen bank.
Quality support: our specialist banking-support team will review, advise on and support you with the paperwork.
Your bank account is usually ready in 10 working days, depending on your chosen bank.
The shareholder and director will visit the bank office for the meeting with the bank staff
An appointment for ‘know your client’ check and application signing by all related parties is required (normally applies for banks in Hong Kong, Singapore).
Undoubtedly, wide range of services in Hong Kong and Singapore Banks, which we have meaningful relationship with, will meet your expectations.
Our dedicated bank team will help you out with preparing a decent portfolio before the interview.
Offshore Company Corp provides Account Opening Consultancy in many jurisdictions that are well known. Please see our offer reputable banks in favorable jurisdictions, or contact our relationship managers for tailored advice.
Website | www.hsbc.com.hk |
Bank Name | HSBC Bank |
Initial Deposit | HKD 10,000 |
Average Time | 2 - 4 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.icicibank.hk |
Bank Name | ICICI Bank Hong Kong |
Initial Deposit | HKD 10,000 |
Average Time | 4 - 6 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.hangseng.com |
Bank Name | Hang Seng Bank |
Initial Deposit | HKD 10,000 |
Average Time | 4 - 8 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.sc.com/hk |
Bank Name | Standard Chartered Hong Kong Limited |
Initial Deposit | HKD 50,000 |
Average Time | 4 - 6 working days |
Remarks | Personal Visit, HK resident OR HK company |
Service Fee | US$ 899.00 |
Website | www.ocbcwhhk.com |
Bank Name | OCBC Wing Hang HK Bank |
Initial Deposit | HKD 50,000 |
Average Time | 4 - 6 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.bochk.com/en/home.html |
Bank Name | Bank of China |
Initial Deposit | HKD 300,000 |
Average Time | 3 - 7 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.dbs.com.hk |
Bank Name | DBS Bank Limited |
Initial Deposit | USD 10,000 |
Average Time | 4-6 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | https://www.currenxie.com/en-hk/ |
Bank Name | Currenxie |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.airwallex.com/ |
Bank Name | Airwallex |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://statrys.com/ |
Bank Name | Statrys |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.rapyd.net/ |
Bank Name | Rapyd |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.sc.com/my |
Bank Name | Standard Chartered Bank (Malaysia) |
Initial Deposit | USD 20,000 |
Average Time | 4-6 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.hsbc.com.sg |
Bank Name | HSBC Singapore Ltd |
Initial Deposit | SGD 30,000 |
Average Time | 5 - 7 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.dbs.com.sg |
Bank Name | DBS Bank Limited |
Initial Deposit | USD/SGD 100,000 |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.ocbc.com |
Bank Name | OCBC Bank |
Initial Deposit | SGD 30,000 |
Average Time | 2 - 4 days |
Remarks | Non-Singapore companies, Personal visit required at nearby branch |
Service Fee | US$ 899.00 |
Website | www.sc.com/sg |
Bank Name | Standard Chartered Bank Limited |
Initial Deposit | SGD 30,000 |
Average Time | 4 - 6 days |
Remarks | Personal Visit, SG resident OR SG Company |
Service Fee | US$ 899.00 |
Website | info.maybank2u.com.sg |
Bank Name | Maybank |
Initial Deposit | USD/SGD 1,000 |
Average Time | Preliminary Review: 3-4 Working Days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.uobgroup.com |
Bank Name | United Overseas Bank Limited Co |
Initial Deposit | USD/SGD 25,000 |
Average Time | Preliminary Review: 3-4 Working Days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | https://aspireapp.com/ |
Bank Name | Aspire |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.wallex.asia/ |
Bank Name | Wallex |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.inft.co/ |
Bank Name | IN Financial Technologies |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.pacificprivatebank.com |
Bank Name | Pacific Private Bank |
Initial Deposit | USD 1,500 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.vietcombank.com.vn |
Bank Name | Vietcombank |
Initial Deposit | |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.sc.com/vn |
Bank Name | Standard Chartered Bank (Vietnam) Limited |
Initial Deposit | |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.hsbc.com.vn |
Bank Name | HSBC Bank (Vietnam) Ltd |
Initial Deposit | |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.citibank.com.vn |
Bank Name | CITIBANK Vietnam |
Initial Deposit | |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.techcombank.com.vn |
Bank Name | Vietnam Technological and Commercial Joint- stock Bank - Techcombank |
Initial Deposit | |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.cimbanque.com |
Bank Name | CIM Banque |
Initial Deposit | USD/CHF 10,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://multipass.co/ |
Bank Name | MultiPass |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.belizebankinternational.com |
Bank Name | Belize Bank International |
Initial Deposit | USD 1,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.cayebank.bz |
Bank Name | Caye International Bank |
Initial Deposit | USD 1,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.bankasia.com/ |
Bank Name | Bank of Asia |
Initial Deposit | US$ 20,000 |
Average Time | 1-2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.dnbcgroup.com/ |
Bank Name | DNBC Financial Group |
Initial Deposit | EUR 3,000 |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 0.00 |
Website | https://www.cibcfcib.com/ |
Bank Name | FirstCaribbean International Bank |
Initial Deposit | US$ 10,000 |
Average Time | 1-2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.cbibank.com/ |
Bank Name | CB International Bank |
Initial Deposit | Not required |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.boniltd.com |
Bank Name | Bank of Nevis International |
Initial Deposit | USD 10,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.imbltd.com/ |
Bank Name | International Merchant Bank Limited |
Initial Deposit | US$ 25,000 |
Average Time | 1-2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://stlucia.provenbank.com/ |
Bank Name | PROVEN Bank |
Initial Deposit | US$ 5,000 |
Average Time | 1-2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.emiratesnbd.com |
Bank Name | Emirates NBD Bank |
Initial Deposit | AED 50,000 |
Average Time | 3 - 7 days |
Remarks | Personal Visit Emirates NBD Bank only support ICC/FTZ/FZ company in UAE/RAK |
Service Fee | US$ 899.00 |
Website | www.emiratesislamic.ae |
Bank Name | Emirates Islamic Bank |
Initial Deposit | AED 10,000 |
Average Time | 1 - 2 weeks |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.afrasiabank.com/en |
Bank Name | Afrasia Bank |
Initial Deposit | MUR 10,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 2,600.00 |
Website | www.maubank.mu/en |
Bank Name | MauBank Ltd |
Initial Deposit | 5,000 (GBP, USD, EUR, CHF, AUD or ZAR: 5,000) |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 2,600.00 |
Website | www.bankone.mu |
Bank Name | Bank One |
Initial Deposit | USD 5,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 2,600.00 |
Website | https://mercury.com/ |
Bank Name | Mercury |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
See more jurisdiction and the list of offshore banks we offer in the Asia Pacific for your account. Choose and open your account now, our customer relationship managers are here to support you.
Website | www.hsbc.com.hk |
Bank Name | HSBC Bank |
Initial Deposit | HKD 10,000 |
Average Time | 2 - 4 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.icicibank.hk |
Bank Name | ICICI Bank Hong Kong |
Initial Deposit | HKD 10,000 |
Average Time | 4 - 6 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.hangseng.com |
Bank Name | Hang Seng Bank |
Initial Deposit | HKD 10,000 |
Average Time | 4 - 8 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.sc.com/hk |
Bank Name | Standard Chartered Hong Kong Limited |
Initial Deposit | HKD 50,000 |
Average Time | 4 - 6 working days |
Remarks | Personal Visit, HK resident OR HK company |
Service Fee | US$ 899.00 |
Website | www.ocbcwhhk.com |
Bank Name | OCBC Wing Hang HK Bank |
Initial Deposit | HKD 50,000 |
Average Time | 4 - 6 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.bochk.com/en/home.html |
Bank Name | Bank of China |
Initial Deposit | HKD 300,000 |
Average Time | 3 - 7 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.dbs.com.hk |
Bank Name | DBS Bank Limited |
Initial Deposit | USD 10,000 |
Average Time | 4-6 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | https://www.currenxie.com/en-hk/ |
Bank Name | Currenxie |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.airwallex.com/ |
Bank Name | Airwallex |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://statrys.com/ |
Bank Name | Statrys |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.rapyd.net/ |
Bank Name | Rapyd |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.sc.com/my |
Bank Name | Standard Chartered Bank (Malaysia) |
Initial Deposit | USD 20,000 |
Average Time | 4-6 working days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.hsbc.com.sg |
Bank Name | HSBC Singapore Ltd |
Initial Deposit | SGD 30,000 |
Average Time | 5 - 7 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.dbs.com.sg |
Bank Name | DBS Bank Limited |
Initial Deposit | USD/SGD 100,000 |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.ocbc.com |
Bank Name | OCBC Bank |
Initial Deposit | SGD 30,000 |
Average Time | 2 - 4 days |
Remarks | Non-Singapore companies, Personal visit required at nearby branch |
Service Fee | US$ 899.00 |
Website | www.sc.com/sg |
Bank Name | Standard Chartered Bank Limited |
Initial Deposit | SGD 30,000 |
Average Time | 4 - 6 days |
Remarks | Personal Visit, SG resident OR SG Company |
Service Fee | US$ 899.00 |
Website | info.maybank2u.com.sg |
Bank Name | Maybank |
Initial Deposit | USD/SGD 1,000 |
Average Time | Preliminary Review: 3-4 Working Days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.uobgroup.com |
Bank Name | United Overseas Bank Limited Co |
Initial Deposit | USD/SGD 25,000 |
Average Time | Preliminary Review: 3-4 Working Days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | https://aspireapp.com/ |
Bank Name | Aspire |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.wallex.asia/ |
Bank Name | Wallex |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.inft.co/ |
Bank Name | IN Financial Technologies |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.pacificprivatebank.com |
Bank Name | Pacific Private Bank |
Initial Deposit | USD 1,500 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.vietcombank.com.vn |
Bank Name | Vietcombank |
Initial Deposit | |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.sc.com/vn |
Bank Name | Standard Chartered Bank (Vietnam) Limited |
Initial Deposit | |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.hsbc.com.vn |
Bank Name | HSBC Bank (Vietnam) Ltd |
Initial Deposit | |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.citibank.com.vn |
Bank Name | CITIBANK Vietnam |
Initial Deposit | |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
Website | www.techcombank.com.vn |
Bank Name | Vietnam Technological and Commercial Joint- stock Bank - Techcombank |
Initial Deposit | |
Average Time | 2 - 4 days |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
See more jurisdiction and the list of offshore banks we offer in the Europe for your account. Choose and open your account now, our customer relationship managers are here to support you.
Website | www.cimbanque.com |
Bank Name | CIM Banque |
Initial Deposit | USD/CHF 10,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://multipass.co/ |
Bank Name | MultiPass |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
See more jurisdiction and the list of offshore banks we offer in the Caribbean for your account. Choose and open your account now, our customer relationship managers are here to support you.
Website | www.belizebankinternational.com |
Bank Name | Belize Bank International |
Initial Deposit | USD 1,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.cayebank.bz |
Bank Name | Caye International Bank |
Initial Deposit | USD 1,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.bankasia.com/ |
Bank Name | Bank of Asia |
Initial Deposit | US$ 20,000 |
Average Time | 1-2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.dnbcgroup.com/ |
Bank Name | DNBC Financial Group |
Initial Deposit | EUR 3,000 |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 0.00 |
Website | https://www.cibcfcib.com/ |
Bank Name | FirstCaribbean International Bank |
Initial Deposit | US$ 10,000 |
Average Time | 1-2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.cbibank.com/ |
Bank Name | CB International Bank |
Initial Deposit | Not required |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | www.boniltd.com |
Bank Name | Bank of Nevis International |
Initial Deposit | USD 10,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://www.imbltd.com/ |
Bank Name | International Merchant Bank Limited |
Initial Deposit | US$ 25,000 |
Average Time | 1-2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
Website | https://stlucia.provenbank.com/ |
Bank Name | PROVEN Bank |
Initial Deposit | US$ 5,000 |
Average Time | 1-2 weeks |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
See more jurisdiction and the list of offshore banks we offer in the Middle East for your account. Choose and open your account now, our customer relationship managers are here to support you.
Website | www.emiratesnbd.com |
Bank Name | Emirates NBD Bank |
Initial Deposit | AED 50,000 |
Average Time | 3 - 7 days |
Remarks | Personal Visit Emirates NBD Bank only support ICC/FTZ/FZ company in UAE/RAK |
Service Fee | US$ 899.00 |
Website | www.emiratesislamic.ae |
Bank Name | Emirates Islamic Bank |
Initial Deposit | AED 10,000 |
Average Time | 1 - 2 weeks |
Remarks | Personal Visit |
Service Fee | US$ 899.00 |
See more jurisdiction and the list of offshore banks we offer in the Africa for your account. Choose and open your account now, our customer relationship managers are here to support you.
Website | www.afrasiabank.com/en |
Bank Name | Afrasia Bank |
Initial Deposit | MUR 10,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 2,600.00 |
Website | www.maubank.mu/en |
Bank Name | MauBank Ltd |
Initial Deposit | 5,000 (GBP, USD, EUR, CHF, AUD or ZAR: 5,000) |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 2,600.00 |
Website | www.bankone.mu |
Bank Name | Bank One |
Initial Deposit | USD 5,000 |
Average Time | 1 - 2 weeks |
Remarks | Remote Application |
Service Fee | US$ 2,600.00 |
See more jurisdiction and the list of offshore banks we offer in the America for your account. Choose and open your account now, our customer relationship managers are here to support you.
Website | https://mercury.com/ |
Bank Name | Mercury |
Initial Deposit | Not required |
Average Time | 3-5 working days |
Remarks | Remote Application |
Service Fee | US$ 899.00 |
From
US$ 499Nowadays, Offshore Customers don’t have many banking options. One option is to pursue high-risk merchant accounts that require a great deal of paperwork and higher fees or to incorporate in a “first world” jurisdiction, though it’s likely subject to higher expenditures.
This problem will be no more as Offshore Company Corp provides a complete suite granting access to financial services creates opportunity and provides a full range of
We are dedicated to serve and empower businesses to join and thrive in the international economy by the most reliable Merchant Account from international organizations: PayCEC, Stripe, Paypal, 2Checkout, etc.
To open bank accounts in Hong Kong and Singapore, personal visit is a must.
However, for other jurisdictions, such as Switzerland, Mauritius, St Vincent etc, you can leave most of the work to our expert team and enjoy the benefit of remote application. The whole procedure can be completed online and via courier (apart from a few exceptions).
Better yet, a customised personal meeting with our partnered Bank Account Manager can be arranged if you wish.
This is a must. Most banks require the company KYC documents to have a certain degree of legal notary as eligibility.
Yes, it is generally possible for a BVI (British Virgin Islands) company to open a bank account in Singapore. However, the specific requirements for opening a bank account in Singapore may vary depending on the bank and the type of account being opened. Some common requirements for opening a bank account in Singapore include providing proof of identity and address for the company's directors and shareholders, as well as providing documentation related to the company's business activities and financial history. In addition to these requirements, banks in Singapore may also require that the BVI company provide proof of incorporation, a business plan, and other documents as needed.
It is generally a good idea to contact the bank directly to determine the specific requirements for opening a bank account, as these requirements can vary from bank to bank and may change over time. In some cases, it may also be helpful to work with a local representative or corporate service provider who can assist with the process of opening a bank account in Singapore.
BVI (British Virgin Islands) companies are generally not required to obtain a tax number or pay taxes on their business income in the British Virgin Islands. The British Virgin Islands has a territorial tax system, which means that taxes are only levied on income that is earned within the territory. As a result, BVI companies are generally not required to pay taxes on income that is earned outside of the British Virgin Islands.
However, it is important to note that this does not necessarily mean that BVI companies are not subject to taxes in other countries. Many countries have tax laws that apply to foreign businesses that operate within their borders or that derive income from their markets. As a result, it is possible that a BVI company may be required to pay taxes in other countries where it does business, depending on the specific tax laws of those countries.
It is a good idea for BVI companies to carefully review the tax laws of any country in which they do business and to seek advice from a tax professional if necessary to ensure that they are in compliance with all applicable tax requirements.
A beneficial owner of a BVI (British Virgin Islands) company is an individual or entity that ultimately owns or controls the company, either directly or indirectly, through a chain of ownership or by other means. In the context of a BVI company, the beneficial owner is typically the person or entity that ultimately benefits from the company's profits or assets, even if they do not have legal ownership of the company.
In some cases, the beneficial owner of a BVI company may be the same as the legal owner, such as when an individual or entity directly owns shares in the company. However, in other cases, the beneficial owner may be different from the legal owner, such as when the company's ownership is structured through a series of intermediaries or trusts.
It is important to identify the beneficial owner of a BVI company because this information can be used to help understand the ownership and control structure of the company, and may be required for regulatory or compliance purposes. In some cases, BVI companies may be required to disclose information about their beneficial owners to authorities or other third parties, such as banks or financial institutions.
Yes, it is generally possible for a BVI (British Virgin Islands) company to open a bank account in the UK. However, the specific requirements for opening a bank account in the UK may vary depending on the bank and the type of account being opened. Some common requirements for opening a bank account in the UK include providing proof of identity and address for the company's directors and shareholders, as well as providing documentation related to the company's business activities and financial history.
In addition to these requirements, banks in the UK may also require that the BVI company provide proof of incorporation, a business plan, and other documents as needed. It is generally a good idea to contact the bank directly to determine the specific requirements for opening a bank account, as these requirements can vary from bank to bank and may change over time. In some cases, it may also be helpful to work with a local representative or corporate service provider who can assist with the process of opening a bank account in the UK.
Yes, it is generally possible for a BVI (British Virgin Islands) company to open a bank account in Hong Kong. However, the specific requirements for opening a bank account in Hong Kong may vary depending on the bank and the type of account being opened. Some common requirements for opening a bank account in Hong Kong include providing proof of identity and address for the company's directors and shareholders, as well as providing documentation related to the company's business activities and financial history.
In addition to these requirements, banks in Hong Kong may also require that the BVI company provide proof of incorporation, a business plan, and other documents as needed. It is generally a good idea to contact the bank directly to determine the specific requirements for opening a bank account, as these requirements can vary from bank to bank and may change over time. In some cases, it may also be helpful to work with a local representative or corporate service provider who can assist with the process of opening a bank account in Hong Kong.
To deposit a customer's check or pay for a business expense, you'll need to open a business bank account in the name of your limited liability company (LLC). It may appear to be a hassle, especially in the early days of running your business when things are hectic and you're trying to keep both feet on the ground while meeting all of the new demands that a new business places on you, but it is necessary.
After you've gathered all of the necessary documentation, you can meet with your banker to open a bank account for your LLC. Doing your research ahead of time and bringing all of the necessary documentation will make this final step in the process much easier.
A separate business bank account is not only required for your LLC, but it will also assist you with many practical aspects of running your business, such as accounting for expenses, paying business bills, and depositing customer payments. Furthermore, using your bank account responsibly will help you build a stronger relationship with your bank, which will be especially useful if your LLC needs credit in the future.
Thank you for your continued support of One IBC. Your pleasure is indeed valuable to us, and we hope that we have succeeded in offering exceptional corporate services to all of our clients.
There are four rank levels of ONE IBC membership. Advance through three elite ranks when you meet qualifying criteria. Enjoy elevated rewards and experiences throughout your journey. Explore the benefits for all levels. Earn and redeem credit points for our services.
Earning points
Earn Credit Points on qualifying purchasing of services. You’ll earn credit Points for every eligible U.S. dollar spent.
Using points
Spend credit points directly for your invoice. 100 credit points = 1 USD.
Referral Program
Partnership Program
We cover the market with an ever-growing network of business and professional partners that we actively support in terms of professional support, sales, and marketing.
We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.