Our Bank Account Opening Services
As your business expands, you may need to embark on international expansion, including incorporating foreign companies and setting up local payrolls. And for such you will need to open a local corporate bank account, which can be complicated and time-consuming, especially with understanding local requirements and regulations, and often in a foreign language. At the Biz Latin Hub group we can assist you with opening a local bank account. We can also advise on local banking requirements and regulations based on our extensive local presence and understanding.
Know Your
Client (KYC)
Bank Account
Advisory
Bank Account
Application
Application
Monitoring
Biz Latin Hub Group supports our clients with corporate bank account opening services within Latin America and the Caribbean.
After understanding your business and its needs, our local banking experts will advise on suitable banks and jurisdictions which you may wish to consider.
We are your one-stop shop for bank account opening needs in Latin America and the Caribbean!
Know Your Client
This is where we get to know you and is a process of identifying and verifying the client's identity when opening a corporate bank account. This is an important process and will help to expedite the bank account opening process.
Banking Advisory
We will understand your business and guide you with the right bank selection to meet your banking needs. Here we will ask you questions about your planned banking, your business activity, the Ultimate Beneficial Owner (UBO) and your expected bank transactions
Bank Account Application
We will work with you to prepare the bank account application and ensure that it will meet the bank's needs. We will then proceed to submit the bank account opening application to the bank. During this stage our team will engage very closely with the banks on your behalf to ensure bank account opening success
Application Monitoring
We will monitor and follow-up regularly with the bank until the process is completed. Once approved our local banking team will ensure that everything is in place including the provision of banking tokens, and coordinating the initial bank account opening deposit.
More information on how to open a bank account
Frequently asked questions on Banking
Check some commonly asked questions about how to form a company and how Biz Latin Hub can help.
What do we need to know from you?
What do you want from the bank account?
What is your business activity?
Who are the ultimate beneficial owners (UBO) of the account?
What are the expected incoming and outgoing transactions?
What language do you need for the online banking platform?
What documents are normally required?
Most banks will require the following documents at a minimum during the corporate bank account opening process:
Certificate of Incorporation
Memorandum & Articles of Association
Certificate of Good Standing
Recent Financial Statements
Bank Reference (if applicable)
Passport and Proof of Address for all shareholders and directors.
Summary of company business activities and plans
Summary of expected value/ volume of transactions
Depending on the bank, some additional documents and/or supporting information may be requested.
Do I have to travel to open the Bank Account?
In most cases, we will be able to provide non-travel bank account opening solutions for our international clients.
If it is mandatory for a face-to-face meeting, we will work with you to ensure the logistics are coordinated and meet your availability requirements.
We work with a broad range of banks within the Latin American and Caribbean region and can work with you to ensure your banking needs are met.
WHAT MAKES BIZ LATIN HUB DIFFERENT?
Your Local Partner
We can provide you the complete, fully-integrated and tailored back office, PEO and entity incorporation solution
Your Need = Our Focus
We know one size doesn't fit all - we will work with you to understand your business needs and to provide a personalized market entry and back office solution
Globally Minded + Local Expertise
Trust our local team of lawyers and accountants to establish your business, form your legal entity, hiring employees and legal entity compliance
Communication at its Best
English, Spanish or Portuguese - Our local and expatriate team of accountants and lawyers can support you in multiple languages
We can support all your back-office needs globally
