When incorporating a company abroad, we apply for our clients to business accounts for their new company together with internet banking, credit card and cheques. In many countries it is required that the ultimate beneficial owner and/or the signatory of the account attend in person at the branch (e.g. UK, Panama, Spain and USA).

One exemption is Cyprus: generally we can open up business accounts for all international companies on Cyprus; the attendance of the ultimate beneficial owner or signatory is not mandatory.

Switzerland: Also in Switzerland the attendance of the ultimate beneficial owner or signatory is not mandatory. However, banks in Switzerland ask for high deposits or proof of a positive business development.