One of the first and most crucial tasks you’ll need to undertake during the company formation process will be to open a bank account in your country of choice.
It sounds easy, it should be easy - but frequently it isn’t for a lone entrepreneur with no experience of a country’s banking system. In fact, sometimes it can feel like certain banks go out of their way to make it difficult for foreign business people.
For example, a number of banks require applicants to visit the premises in order to open their bank account, while other banks insist that you provide them with a letter of introduction, duly translated and certified from your bank at home. This is fine if you are fluent in the local language and have a good understanding of what’s required, but cumbersome and expensive if you aren’t and don’t! There are also a number of banks that won’t even talk to you unless your annual turnover is in excess of €1 million. This isn’t much help if you want to get the company formation process started as quickly and cost-efficiently as possible.
This is where a company formation agent comes in and sorts out all these problems for you. Here at Euro Start Entreprises, we can provide easy company formation with bank accounts in the UK & Europe, the US and Emirates due to our expert knowledge and contacts within the banking industry. At Euro Start Entreprises our aim is to make the whole process as quick and painless as possible. You can also be assured of personal service from our staff every step of the way.
Through our knowledge of local banking regulations and our relationships with major banking groups, we help our clients to cut through the red tape and progress as quickly as possible. Where banks require you to visit in person, we will have a local representative on hand to assist you through this sometimes daunting process and we can negotiate a low minimum turnover threshold.
We can even give you advice with your business plan (which most banks insist on now) so that you feel confident in knowing your financial structure is in place and the bank will be see no obstacle in opening your account. Leave the paperwork to us and let us set up the system where you can manage your bank account over the internet or telephone.
To find out more about how Euro Start Entreprises can help you solve your bank account issues just contact us on 0033 (0)1 53 57 49 10 or email us from our contact page. We can talk you through the whole process, and set your mind at ease regarding your banking requirements.