Opening of Resident & Non-Resident Bank Accounts

Things are about to get complicated.  

But, before we get to this point, it’s clear that non-resident accounts may be held by non-resident individuals and offshore entities.

As you embark on this journey, there are some things to watch out for in order to avoid delays or unsuccessful endings.

Namely, there are some steps and procedures to grasp and execute in order to file your non resident bank account application successfully. 

Next to proper filling out of the prescribed request, along with supporting documentation and information, it is at some instances mandatory to first request and obtain a non-resident tax id number from the competent tax administration.

Sometimes, this process can be lengthy and difficult to coordinate.  

Anyhow, it’s a lot to manage alone and—if done incorrectly—document procurement, authentication and legalization can critically delay opening of bank accounts, which may in turn hinder other legit objectives.

For that reason, we have an experienced team of professionals who help our clients plot the optimal course to streamline the document process and keep these applications on track.