AIX can assist
Most companies require a bank account to carry out business, but opening a new bank account has become increasingly difficult in recent years due to international transparency and anti-money laundering requirements.
Many banks will no longer open accounts for non-resident companies and others will only open accounts for clients who are introduced by a recognised and licensed service provider that is on their ‘approved list’.
All banks now undertake substantive due diligence – not just when opening accounts but also on a transactional basis.
Account opening procedures differ widely between banks, sometimes even between different branches of the same bank.
Applications can be complicated and supporting documents may sometimes have to be certified and even notarised and translated.
AIX has longstanding relationships with local banks and it is recommended that we assist you with bank introductions and the preparation and submission of the necessary account opening documentation to the bank.
Clients are, of course, always free to choose and deal directly with their own banks but in our experience an account can be opened more quickly, and on better terms, at banks known to and recommended by AIX.
AIX cannot accept responsibility for the stability or solvency of any bank.
An introduction by AIX cannot be taken as an endorsement by AIX of that bank or any guarantee that the bank will approve an account opening application by the Client.