Setting up an Overseas Bank Account for Foreigners

What you need to know about opening a foreign bank account.

 GBO is a pioneer in the financial sector and has assisted countless clients with many aspects, including opening an overseas bank account. Our team of professionals and financial experts are constantly up to date with the latest trends in international banking thereby offering our clients the most attractive financial solution.

Reasons for opening a foreign bank account.

In today’s day and age we are no longer confined to the borders of our own country, thus the amount of options offered to us is vast and endless. Many companies, therefore, have the option of looking for the top-rated bank account opportunities and taking full advantage of the services offered. Most overseas bank accounts offer the following:

• An online bank account, allowing transactions to be performed over the internet though a highly secured environment.
• Banking fees that can be paid via credit/debit cards (specifically merchant bank accounts)
• An branch in a tax-free jurisdiction

Company Formation with a Bank Account

Depending on what type of company formation and bank account one goes for, one may require a merchant bank account. The advantage of a merchant bank account is it offers the option of accepting payments via credit and debit cards. For companies that deal in e-commerce where transactions are regularly made, a merchant account would be a necessity.

Online Corporate Bank Account Opportunities Abroad

Tax free countries have become increasingly popular and gained more interest with people and corporations worldwide. These countries offer global clients a bank account with improved rates, better protection and great online options.