Banking Introductions

All businesses require a bank account, but opening accounts are becoming increasingly more difficult for several different reasons, such as heightened international transparency and anti-money laundering regulations. Many banks no longer open accounts for non-resident companies. Others will only open accounts for clients that have been introduced by a recognized and licensed service provider that is on their ‘approved list’.

To open a bank account, you often need to provide several documents, such as your passport, proof of address, and sometimes copies of your utility bills, which can be a time-consuming process. Each bank has its own set of requirements for opening an account, and the process is often different from one bank to another. It is important to have an efficient system in place to manage all this paperwork.

We recommend that your corporate bank account (or other financial agreements) be opened at a bank that is familiar and works closely with us. The banks and financial institutions we have worked for are accustomed to processing our clients’ financial requirements for a variety of different purposes. It can be much quicker and easier to open a new financial account at these banks.

For this reason, a Keyforce corporate introduction should not be seen as an endorsement of the bank or any guarantee that an account holder’s application will be successful.