How to Open a Bank Account in Another Country
Generally, opening a bank account is easy to do if the bank is in the country where you live, but opening a bank account in another country can be more tricky. Although each country and each bank have different requirements, most of the time, they all follow similar protocols.
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Things You'll Need
- Nonresident card (in some countries and for some banks)
- Passport
- Proof of business
Instructions
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Write a letter to the bank detailing why you are opening the bank account. Detail how much you plan to deposit annually and where the first deposit originated.
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2
Prove the existence of your business with a Certificate of Incorporation or a Certification of Good Standing if your business is older than a year. Documents should be notarized.
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3
Include a copy of the company's by-laws as well as a Memorandum and Articles of Association with the letter.
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Include a board of directors resolution for opening a bank account in another country. Some banks will have a resolution form that will need to be signed, but you should still include your own. Provide legal evidence of the current directories for the company.
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Prepare to provide information about shareholders. Some banks will require this information, and some won't. Provide identification such as a copy of a passport or a driver's license. These copies may need to be notarized depending on the bank.
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Supply references from your bank. Some banks in other countries will ask for a letter of reference from your bank in your country of residence, but not all do. Be prepared just in case.
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